"Since 2013, Venkat, 53, has been CEO of AngloGold Ashanti Ltd, the world's largest emerging market gold producer. Between 2005 and 2013, he was AngloGold Ashanti's Chief Financial Officer and prior to this he was CFO of London-listed Ashanti Goldfields Ltd," it said.
Vedanta Chairman Anil Agarwal said in a statement: "We have gone through a very thorough search process and are delighted to invite Venkat to join Vedanta in the position of CEO. Venkat brings to Vedanta an impressive set of values and a wealth of experience in corporate and other roles in the UK, Africa, Australia, South America and India."
Venkat said that Vedanta has an outstanding reputation as a global, diversified resources business with impressive assets and an exceptional team.
"My initial focus will be to ensure continued operational excellence, efficient cost management and capital discipline across the portfolio, while continuing to drive improvements to the overall sustainability performance of the business, thereby creating long-term value for all stakeholders," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)