Anil Agarwal replaces brother, for 1st time takes board position on Vedanta
Metals and mining magnate Anil Agarwal has for the first time taken a board position on his flagship Indian firm, Vedanta Ltd, replacing his brother Navin.
Agarwal, 66, who turned a tiny scrap metal business into a mining conglomerate, had so far headed the board of London-headquartered Vedanta Resources.
The Indian flagship Vedanta Ltd houses its oil and gas, aluminium, power, iron ore, steel and copper business.
In a statement, the company said Agarwal has been appointed “as the non-executive chairman of Vedanta Ltd”.
He replaces his brother Navin, who will now be the Executive Vice Chairman of the Board.
The changes followed chief executive officer S Venkatakrishnan resignation. He was replaced by Sunil Duggal, current head of Vedanta unit Hindustan Zinc Ltd.
