Vedanta elevates Arun Kumar as Group CFO; D D Jalan retires

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New Delhi | Published: September 30, 2016 10:25:54 PM

Mining conglomerate Vedanta Ltd today said Arun Kumar has been elevated as Chief Financial Officer (CFO) of the Vedanta Group.

Mining conglomerate Vedanta Ltd today said Arun Kumar has been elevated as Chief Financial Officer (CFO) of the Vedanta Group. (Reuters)Mining conglomerate Vedanta Ltd today said Arun Kumar has been elevated as Chief Financial Officer (CFO) of the Vedanta Group. (Reuters)

Mining conglomerate Vedanta Ltd today said Arun Kumar has been elevated as Chief Financial Officer (CFO) of the Vedanta Group.

Kumar will be the CFO for both London-listed Vedanta Resources as well as the BSE and NSE-listed Vedanta Ltd, like the outgoing CFO D D Jalan.

Kumar, currently Deputy CFO at Vedanta, takes over from Group CFO and whole-time director of Vedanta Ltd Jalan on his superannuation, effective September 30, it said in a statement.

Kumar joined Vedanta in 2013 as CFO for its Aluminium and Power business. In 2014, he moved into his current role as Executive VP (Finance) and Deputy CFO, it added.

He was responsible for enhancing the capability of the finance function in the areas of accounting, risk management, driving value creation, strategic planning, re-financing, board reporting and governance and direct taxation.

Previously, Kumar has worked with Hindustan Unilever and General Electric.

Vedanta Chairman Anil Agarwal said: “D D Jalan joined the Group in 2001 and as a key member of the Executive Committee, he has played a significant role in the listing of Vedanta at LSE and NYSE . (He) will continue to provide transition support to the leadership team.”

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