Vedanta appoints Kuldip Kaura as interim CEO

Thomas Albanese has stepped down as the CEO.

In a recent announcement, natural resources company, Vedanta, has appointed Kuldip Kaura as interim chief executive officer, effective September 1, 2017. Kaura has extensive knowledge and experience of Vedanta’s operations, having held various senior management and leadership roles with the group for over 15 years.

Thomas Albanese steps down as CEO and from the board on August 31, 2017. The process to identify Vedanta's new CEO is ongoing.

Navin Agarwal, chairman, Vedanta, says in a press release, “On behalf of the board and my colleagues at Vedanta, I thank Tom for his significant contribution to the business and wish him all the best for his future endeavors. Kuldip has the full support of the Board and the management team and I am certain that he will ensure a smooth transition as we identify a permanent CEO."

Kaura, says in a press release, "I look forward to working with the Chairman, the Board and the excellent management team at Vedanta. I have every confidence that we will maintain the business’ current momentum and continue to deliver on our strategy focused on production growth, cash generation and deleveraging."