Skip to content
Subscriber Only

Billionaire Agarwal Hires AngloGold's CEO to Run Vedanta

  • Venkatakrishnan to leave AngloGold at the end of August
  • African gold miner has started search for new chief executive
Updated on

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.