Vedanta Resources PLC Directorate Change (0087G)

TIDMVED

RNS Number : 0087G

Vedanta Resources PLC

23 May 2017

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: [phone]

Fax: [phone]

www.vedantaresources.com

23 May 2017

Vedanta Resources plc

Appointment of Non-Executive Director

Vedanta Resources Plc ("Vedanta or the Company") today announces that Mr Edward Story has been appointed as a Non-Executive Director of the Company with effect from 1 June 2017. He will also be appointed as a member of the Company's Audit Committee with effect from 1 June 2017.

Mr Story is the founder, president and chief executive officer of SOCO International PLC, an international oil and gas exploration and production company listed on the London Stock Exchange with operations in Vietnam, Thailand, Republic of Congo (Brazzaville) and Angola. He brings to the Board over 50 years of global experience in the oil and gas industry, having previously held a number of senior executive positions at various international oil and gas companies such as Snyder Oil Corporation, Conquest Exploration Company, Superior Oil Company, Exxon Corporation and Esso Standard Oil. He was formerly also a non-executive director of Cairn Energy plc and more recently, a non-executive director of Cairn India Limited until its merger with Vedanta Limited. Mr Story holds a Bachelor of Science degree from Trinity University, San Antonio, Texas, a Master's degree in Business Administration from the University of Texas and an honorary Doctorate degree by the Institute of Finance and Economics of Mongolia.

Board Committee changes

Mr Aman Mehta, independent Non-Executive Director of the Company and Chair of its Audit Committee, will retire from the Board following the conclusion of the Company's 2017 Annual General Meeting.

Mr Ravi Rajagopal, an independent Non-Executive Director, will succeed Mr Mehta as Chairman of the Company's Audit Committee. Mr Deepak Parekh, an independent Non- Executive Director, will succeed Mr Mehta as the Senior Independent Director post conclusion of the Company's 2017 Annual General Meeting.

Mr Anil Agarwal, Chairman of Vedanta, said of the changes: "I am delighted to welcome Ed to our Board. His background and domain experience in the oil and gas industry will significantly enhance our ability to grow and develop Vedanta's oil and gas business.

On behalf of the Board, I want to acknowledge Aman's significant contribution during this time on the Board, particularly in transforming the Audit Committee's oversight of the Group's risk management and internal control processes. We thank him for his contributions and wish him well for the future."

Additional Information:

There is no further information to be disclosed in accordance with paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

For further information, please contact:

 
 Communications                      Finsbury 
 Roma Balwani                        Daniela Fleischmann 
  President - Group Sustainability    Tel: [phone] 
  and Communications 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Ashwin Bajaj                        Tel: [phone] 
  Director - Investor Relations       Tel: [phone] 
                                      [e-mail] 
  Radhika Arora 
  Associate General Manager 
  - Investor Relations 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. For more information, please visit www.vedantaresources.com.

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 23, 2017 10:14 ET (14:14 GMT)