Vedanta CEO S Venkatakrishnan resigns for personal reasons

Miner Vedanta Ltd announced over the weekend that chief executive officer S Venkatakrishnan has resigned, effective April 5, 2020 due to personal reasons.

Sunil Duggal, current head of Vedanta unit Hindustan Zinc Ltd, will take over as interim CEO.

“The board of directors of the company in their meeting held on March 27, 2020, have…taken note of the resignation of S Venkatakrishnan from the position of the whole-time director and director and CEO of the company with effect from the closure of business hours on April 5, 2020, on account of personal reasons,” Vedanta said in statement.

The company further announced the appointment of Anil Agarwal as an additional non-executive director designated as chairman of the company’s board with effect from Saturday.

Vedanta has mining interests in several African countries including Namibia, South Africa and Zambia.