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GR Arun Kumar resigns as CFO of Vedanta

The company will announce effective date of Kumar’s exit and details of the successor in due course
G.R. Arun Kumar

Our Special Correspondent   |   Mumbai   |   Published 23.02.21, 01:37 AM

Vedanta Ltd, the Anil Agarwal group firm, on Monday said G.R. Arun Kumar has resigned as chief financial officer (CFO) of the company.

“The board has taken note of the resignation of G.R. Arun Kumar from the post of whole-time director and chief financial officer of the company to pursue a career outside of the group,” the firm said in a regulatory filing with the bourses.

Vedanta added that it will announce the effective date of Kumar’s exit and details of the successor in due course.

Shares of Vedanta on Monday settled at Rs 203.75 — a rise of 6.68 per cent, or Rs 12.75, over the last close.

The company added that Kumar has made an invaluable contribution towards its growth and the transformation journey during his tenure of close to eight years.

According to the company’s website, Arun Kumar has over 22 years of experience at global multinationals such as Hindustan Unilever and General Electric.

Prior to joining Vedanta, he was the CFO for General Electric’s Asia-Pacific lighting & appliances businesses based out of Shanghai.

He was responsible for overall health of balance sheet, driving performance in profit and cash, treasury, investor relations, credit ratings, tax, secretarial, controllership, recording & reporting and other key strategic matters from time to time.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. It is a leading producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power.


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