Arun Misra to become Vedanta group CEO within 2 months
Business
Arun Misra, who currently leads Hindustan Zinc, is set to become Vedanta Ltd.'s new group CEO within the next two months. This move is part of Vedanta's big restructuring plan.
To help with the handover, Hindustan Zinc shareholders are being asked to approve a two-month extension for Misra.
Amarendu Prakash to head Hindustan Zinc
Amarendu Prakash, who recently stepped down as SAIL chairman, is expected to take over from Misra at Hindustan Zinc.
All these leadership changes tie into Vedanta's wider shake-up, which just saw them spin off four new companies: Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel.
Under Misra's leadership, Hindustan Zinc posted a strong year with revenue up 20% and profits jumping 34%.