October 12, 2008

HZL CEO to take charge of Vedanta

Vedanta Resources Plc announced that Mr Mahendra Mehta would succeed Mr Kuldip Kaura as CEO when Mr Kaura retires at the end of September 2008.

Mr Mehta is currently CEO of Vedanta’s Hindustan Zinc Limited. He joined Vedanta’s Sterlite Industries in April 2000.

Kaura was appointed COO of Vedanta when it listed in London in December 2003, and was named CEO in March 2005.

Mr Anil Agarwal chairman of Vedanta said that “I would like to thank Kuldip, who has been a tremendous support to me during this phase of multifold growth and has played an instrumental role in the transformation of Vedanta into a well admired and robust organization, ready to take on opportunities of the future.”

He added that “With the appointment of Mr Mehta as his successor, we are ensuring a smooth transition.”