Vedanta appoints new CEO for iron ore business

PTI New Delhi | Updated on February 19, 2015 Published on February 19, 2015

Vedanta Resources has appointed Rajagopal Kishore Kumar, who was till recently heading its base metals business in Zambia, as the Chief Executive Officer for the company’s entire iron ore business, sources said.

Though an announcement to this effect is yet to be made by NRI billionaire Anil Agarwal-led Company, a source in diversified metal and mining major confirmed Kumar’s appointment as CEO of its iron ore business which includes operations in India and in Liberia.

“Kumar used to be head the base metal business of the company in Zambia. He has now returned back to India and taken over as the company’s CEO for iron ore business in the first week of the current month,” another company source said.

When contacted, a company spokesperson declined to comment.

Vedanta’s iron ore business in India comes under Sesa Sterlite, which also owns 51 per cent stake in Western Cluster iron ore mine in Liberia.

Sesa Sterlite has iron ore mines in Karnataka, Goa and Liberia. The company did not have a full—time head to look after its iron ore business after incumbent P K Mukherjee quit the company as the Executive Director in March, 2014.

Since then, iron ore division was managed by an interim management committee comprising Pramod Unde and Akhilesh Joshi.

Kumar joined Vedanta Group in April 2003 and served as Vice President (Marketing) at Hindustan Zinc and Sterlite copper; CEO of Sterlite Industries India and CEO of Konkola Copper Mines in Zambia.

He subsequently was responsible for the acquisition of the ZI assets of Anglo and was the CEO of ZI assets prior to being appointed as Chief Executive Officer, Africa (Base Metals) October, 2013.

Prior to joining the Group, Kumar was with Hindustan Lever Limited for 12 years.

Published on February 19, 2015
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