Sunil Duggal - Interim CEO, Vedanta
Anil Agarwal - Non-Executive Chairman, Vedanta
Navin Agarwal Executive Chairman, Vedanta
CEO of Udaipur based Hindustan Zinc Ltd, Sunil Duggal, has been appointed as Interim CEO of parent company Vedanta. This announcement was made by Vedanta Limited on 27 March 2020.
This order was effected after Srinivasan Venkatakrishnan stepped down as Chief Executive Officer of Vedanta. Venkatehwara was CEO and Director of Vedanta and will be stepping down from both roles with effect from 5 April 2020. His resignation states that he is stepping down for personal reasons and will join his family in South Africa.
"We would like to acknowledge and express our deep appreciation and thank Venkat for his immense contribution to the company. Apart from his relentless focus to drive the company, he has been in the forefront in leading the sustainability practices within the group which has set an industry benchmark. We wish him the very best.” | Navin Agarwal, Chairman - Vedanta Limited
Navin, on behalf of Vedanta, extended a warm welcome to Sunil Duggal as Interim CEO, who he said is a mature and proven leader, having held key leadership positions. As Inerim CEO, Navin said that Sunil will take the company to greater heights.”
The Board also welcomed and appointed Anil Agarwal as the Non-Executive Chairman of Vedanta Limited. Navin Agarwal will be the Executive Vice Chairman of the Board.
“I am indebted to the company for this appointment. I am confident that at Vedanta, with its strong moorings, I will be able to steer the company through its trajectory of growth and contribute to the economic progress of our country.” | Sunil Duggal, CEO, Hindustan Zinc Limited and Interim CEO, Vedanta.
The company will be run by a Management committee comprising of CEO, CFO, CHRO and CCO who will take all key decisions collectively under the guidance of Chairman.
Sunil Duggal will take on additional charge as Interim CEO, Vedanta Limited along with his current role as CEO & Director of Hindustan Zinc Limited. He will report to the Chairman. Sunil brings 36 years of rich and diverse leadership experience and has been associated with the group for the last 10 years. He has worked with Ambuja Cement in the past. Sunil is an active member of several industry and advocacy forums.