Vedanta Resources CEO Albanese to Leave Indian Mining Giant
- Founder leads search to replace 59-year-old ex-Rio Tinto chief
- Former Anglo American CEO Carroll also left Vedanta last month
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Vedanta Resources Plc Chief Executive Officer Tom Albanese will leave the $2.7 billion Indian resources giant by the end of August after three years in the job, with billionaire Chairman Anil Agarwal leading the search for his replacement.
Albanese, 59, has headed Vedanta since 2014 and was previously CEO of Rio Tinto Group, the world’s second-biggest mining company. His contract was due to expire March 31, but has been extended by five months while Agarwal searches for candidates with “appropriate global experience,” the London-based company said in a statement Thursday.