AngloGold has announced parting ways with Srinivasan Venkatakrishnan, as he steps down from the company’s chief executive officer position.
Venkatakrishnan will take up a position at the helm of diversified miner Vedanta Resources, as the new chief executive officer.
“The board will search for a candidate with the requisite experience and breadth of expertise, and who will be committed to maintaining the discipline and value focus that has become a hallmark of this business,” said AngloGold chairperson Sipho Pityana.
At Vedanta, Venkatakrishnan will succeed the company’s current interim CEO Kuldip Kaura.
“We have gone through a thorough search process and are delighted to invite Venkat to join Vedanta in the CEO position,” said Vedanta chairperson Anil Agarwal.
Venkatakrishnan is upbeat with his new position at Vedanta a global diversified resources business with world-class 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,” Venkatakrishnan said.