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Vedanta appoints Ajay Kumar Dixit as Cairn oil & gas CEO

PW Bureau

The appointment was necessitated as Mathur resigned from his post earlier this month, few weeks after CFO Pankaj Kalra stepped down from his post in February New Delhi: Vedanta has appointed Ajay Kumar Dixit, the acting Chief Executive Officer (CEO) of the group’s Aluminium and Power business, as the new CEO of Cairn oil and gas, an official statement said. Dixit will replace Sudhir Mathur who resigned earlier this month, as was reported by PSU Watch. “Ajay succeeds Sudhir Mathur, who after seven successful years with the company, moves on to pursue personal endeavours,” Vedanta said in a statement.

Vedanta on the new appointment

“Ajay has a deep understanding of our business and the markets we operate in. He is a dynamic and values-driven leader with an impressive track record of delivering consistent high-quality performance in a safe and sustainable way. We are confident that he will play a stellar role in further increasing the operational efficiency and growth of our oil and gas business,” Srinivasan Venkatakrishnan, CEO, Vedanta, said in a statement.

The backdrop

The appointment was necessitated as Mathur resigned from his post earlier this month, few weeks after Chief Financial Officer (CFO) Pankaj Kalra stepped down from his post in February. This was the fourth time a CEO has stepped down at Cairn Oil and Gas after its acquisition by Vedanta in 2011. The company had then downplayed the resignations, saying that they were unrelated.