Vedanta Poaches AngloGold Ashanti CEO Srinivasan Venkatakrishnan

Bullion producer AngloGold Ashanti (AU) CEO Srinivasan Venkatakrishnan is leaving the company to take the helm at Indian tycoon Anil Agarwal’s Vedanta Resources (VEDL). Shares of Vedanta were little-changed intraday.

The appointment of Venkatakrishnan, a highly regarded mining executive, is being seen as a coup for the company, according to the Financial Times.

Venkatakrishnan has been CEO of AngloGold Since 2013, according to a statement from Vedanta. He was its CFO between 2005 and 2013 and prior to that, was CFO of London-listed Ashanti Goldfields Ltd.

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