Vedanta Appoints Tata Steel Veteran Rajiv Kumar As CEO Of Aluminium Business

Vedanta Ltd. appointed Rajiv Kumar as chief executive officer of its aluminium business for a three-year term, effective Wednesday. 

The company's board approved his appointment based on the recommendation of the nomination and remuneration committee at a meeting held on Wednesday, according to the exchange filing.

Kumar, a metallurgical engineer from BIT Sindri, joins Vedanta Aluminium from Tata Steel Ltd., where he held leadership roles in the steel and mining sectors. He had joined the company in 1990. He also holds a General Management degree from Insead, France.

As CEO, Kumar will oversee the overall strategy for Vedanta's aluminium business, including an effective demerger approach. The company is in the process of splitting into separate entities for aluminium, oil and gas, power, and base metals, restructuring the mining conglomerate into five independent businesses.

The company aims to enhance operational efficiency and unlock shareholder value through the demerger, which recently secured approval from shareholders and creditors. Under the plan, shareholders will receive one share in each new company without any change in the overall shareholding structure.

Kumar's responsibilities will also include developing strategic alliances to accelerate business delivery, leading marketing initiatives and driving environmental, social and governance priorities, the filing said.

He will also focus on innovation and digitalisation to enhance operational efficiency and business transformation. Vedanta Aluminium said Kumar's leadership would play a key role in unlocking long-term value for shareholders and strengthening its leadership team. 

On March 12, Tata Steel announced that Kumar resigned from his position as vice president –operations at Tata Steel Kalinganagar. The company's board noted his resignation at its meeting on the same day, with the resignation taking effect immediately. The company is yet to announce a replacement for his position.

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