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
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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.