https://www.engineeringnews.co.za

Albanese appointed Vedanta CEO

Newly appointed Vedanta CEO Tom Albanese

Newly appointed Vedanta CEO Tom Albanese

Photo by Duane Daws

6th March 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – London-listed Vedanta Resources on Thursday announced the appointment of Tom Albanese as CEO, with effect from April 1.

Albanese, who was previously the CEO of mining major Rio Tinto would be replacing current Vedanta CEO Mahendra Singh Mehta who was retiring.

Vendanta said in a statement that it also intended to recommend Albanese for the CEO position of Vedanta group company Sesa Sterlite at the end of Mehta’s term as Sesa’s CEO on March 31.

"Albanese's skills and experience in leading world-class mining companies will be of great value in supporting our strategic objective of creating sustainable long-term value for all our stakeholders,” Vedanta chairperson Anil Agarwal said, adding that Albanese would lead all the businesses of the group’s companies.

Albanese said his focus would be on operational excellence, efficient cost management and sustainability to drive long-term value for all stakeholders.

“I also look forward to supporting Agarwal and the board in implementing the strategic ambitions of the Vedanta group,” he said.

These strategic priorities included optimising its operations, strengthening its balance sheet and further simplifying the Vedanta group structure.

Albanese had been working with Vedanta since September last year, when he was appointed chairperson of Vedanta 100%-owned subsidiary Vedanta Resources Holdings.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.833s - 140pq - 2rq
Subscribe Now