Vedanta CFO Appointment Announcement
MUMBAI, India, September 30, 2016
Vedanta Limited announces that Arun Kumar, who is currently Deputy Chief Financial Officer at Vedanta, has been appointed Chief Financial Officer of the Vedanta group.
Arun takes over from DD Jalan, Vedanta’s group Chief Financial Officer, and Whole-time Director of Vedanta Limited, who superannuates effective September 30th, after almost 16 years with the group.
Anil Agarwal, Chairman, Vedanta said, “I have worked closely with DD, and thank him for his sound advice, integrity and commitment, which has made a positive impact to Vedanta’s journey. DD’s business insight in the role of CFO for the last decade has empowered the Vedanta team, and I am pleased that the company is well positioned to deliver on its strategic initiatives, with Arun taking up the mantle.”
DD Jalan joined the Group in 2001 and as a key member of the Executive Committee, he has played a significant role in the listing of Vedanta at LSE and NYSE, and working closely with Business CEOs in achieving business objectives. DD will continue to provide transition support to the leadership team.
Arun Kumar joined Vedanta in 2013 as CFO for the company’s Aluminium & Power business. In 2014, he moved into his current role as Executive Vice President Finance & Deputy CFO, responsible for enhancing the capability of the finance function in the areas of accounting, risk management, driving value creation, strategic planning, re-financing, board reporting and governance and direct taxation. As a Chartered Accountant, Arun has over 21 years of experience at global companies such as Hindustan Unilever India and General Electric. Prior to Vedanta, Arun was the CFO for General Electric’s Asia-Pacific Lighting & Appliances businesses based out of Shanghai.
About Vedanta Limited
Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc – lead – silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta’s strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities.