Vedanta Resources PLC Directorate Change (0087G)
24 May 2017 - 12:14AM
UK Regulatory
TIDMVED
RNS Number : 0087G
Vedanta Resources PLC
23 May 2017
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
23 May 2017
Vedanta Resources plc
Appointment of Non-Executive Director
Vedanta Resources Plc ("Vedanta or the Company") today announces
that Mr Edward Story has been appointed as a Non-Executive Director
of the Company with effect from 1 June 2017. He will also be
appointed as a member of the Company's Audit Committee with effect
from 1 June 2017.
Mr Story is the founder, president and chief executive officer
of SOCO International PLC, an international oil and gas exploration
and production company listed on the London Stock Exchange with
operations in Vietnam, Thailand, Republic of Congo (Brazzaville)
and Angola. He brings to the Board over 50 years of global
experience in the oil and gas industry, having previously held a
number of senior executive positions at various international oil
and gas companies such as Snyder Oil Corporation, Conquest
Exploration Company, Superior Oil Company, Exxon Corporation and
Esso Standard Oil. He was formerly also a non-executive director of
Cairn Energy plc and more recently, a non-executive director of
Cairn India Limited until its merger with Vedanta Limited. Mr Story
holds a Bachelor of Science degree from Trinity University, San
Antonio, Texas, a Master's degree in Business Administration from
the University of Texas and an honorary Doctorate degree by the
Institute of Finance and Economics of Mongolia.
Board Committee changes
Mr Aman Mehta, independent Non-Executive Director of the Company
and Chair of its Audit Committee, will retire from the Board
following the conclusion of the Company's 2017 Annual General
Meeting.
Mr Ravi Rajagopal, an independent Non-Executive Director, will
succeed Mr Mehta as Chairman of the Company's Audit Committee. Mr
Deepak Parekh, an independent Non- Executive Director, will succeed
Mr Mehta as the Senior Independent Director post conclusion of the
Company's 2017 Annual General Meeting.
Mr Anil Agarwal, Chairman of Vedanta, said of the changes: "I am
delighted to welcome Ed to our Board. His background and domain
experience in the oil and gas industry will significantly enhance
our ability to grow and develop Vedanta's oil and gas business.
On behalf of the Board, I want to acknowledge Aman's significant
contribution during this time on the Board, particularly in
transforming the Audit Committee's oversight of the Group's risk
management and internal control processes. We thank him for his
contributions and wish him well for the future."
Additional Information:
There is no further information to be disclosed in accordance
with paragraph 9.6.13 of the Listing Rules of the UK Listing
Authority.
For further information, please contact:
Communications Finsbury
Roma Balwani Daniela Fleischmann
President - Group Sustainability Tel: +44 20 7251 3801
and Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
Investors
Ashwin Bajaj Tel: +44 20 7659 4732
Director - Investor Relations Tel: +91 22 6646 1531
ir@vedanta.co.in
Radhika Arora
Associate General Manager
- Investor Relations
Sunila Martis
Associate General Manager
- Investor Relations
About Vedanta Resources
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia, South
Africa, Ireland, Liberia and Australia. With an empowered talent
pool globally, Vedanta places strong emphasis on partnering with
all its stakeholders based on the core values of trust,
sustainability, growth, entrepreneurship, integrity, respect and
care. For more information, please visit
www.vedantaresources.com.
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and/or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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