Ex-Rio Tinto chief named as Vedanta CEO
Tom Albanese, former chief executive officer (CEO) of miner Rio Tinto, has been named by Vedanta Resources as its new CEO.
Albanese has been chairman of the India-focused mining company’s subsidiary Vedanta Resources Holdings since September of last year.
He’ll succeed M.S. Mehta, who’s stepping down at the end of March.
Albanese said of his appointment:
My focus as CEO will be on operational excellence, efficient cost management and sustainability to drive long term value for all our stakeholders. I also look forward to supporting Anil and the Board in implementing the strategic ambitions of the Vedanta Group.