Photo: PTINairobi/London: Anil Agarwal hired AngloGold Ashanti Ltd’s Srinivasan Venkatakrishnan to run his Vedanta Resources Plc in a move that may hint at the Indian billionaire’s plans for his global commodity portfolio. Venkatakrishnan, 53, has been CEO of Johannesburg-based AngloGold for five years and spent much of his career working in Africa. That’s a first for a Vedanta CEO and points to the growing importance of the Indian group’s investments on the continent, where its assets include Zambian copper and South African zinc. “It is interesting that Vedanta so clearly seems to be targeting South Africa as a key part of their strategy,” said Sanford C. Bernstein Ltd analyst Paul Gait. Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

Source: Mint April 16, 2018 08:26 UTC