– UK, London – Vedanta Resources Plc (LSE:VED), 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 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.
- 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.”
About Vedanta Resources
Vedanta Resources plc 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 : http://www.vedantaresources.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
