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Anil Agarwal to be Chairman Emeritus of Sesa Sterlite: Media Report

By Religare

Sesa Sterlite said its Non-executive Chairman Anil Agarwal will now become Chairman Emeritus and play the role of Chief Mentor, reported PTI.

His brother and company's Executive Vice Chairman Navin Agarwal will takeover as Chairman, while former head of Rio Tinto Tom Albanese will be the CEO, Sesa Sterlite said in a statement. The changes are effective from April 1.

Albanese, 56, has already been appointed the CEO of Vedanta Resources Plc - the group's parent firm - from April 1. He succeeds M S Mehta, who retires today, at both the companies.


For many years, a single person - including Mehta - has been the CEO of Vedanta group's two most prominent companies, Vedanta Resources and Sesa Sterlite (previously Sterlite Industries).

"Navin Agarwal, currently Executive Vice Chairman, is appointed the Chairman of the Board. Anil Agarwal, Non- Executive Chairman, will now be the Chairman Emeritus of Sesa Sterlite, and will continue to provide his vision to the Group, and play the role of chief mentor," the company said.

Read more about: sesa goa
Story first published: Monday, March 31, 2014, 23:15 [IST]
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