Heads of Aluminium, Copper, Power and Iron ore business will report to the new CEO. Cairae, who previously worked with cement maker Lafarge and oil driller Schlumberger, will report to Vedanta Resources Group CEO Tom Albanese, the firm led by NRI billionaire Anil Agarwal said in a statement today.
     
He has been appointed as the CEO of Diversified Metals (India) and will also be a member of the Vedanta Executive Committee team, it added.
    
"Samir will provide operational and strategic leadership for the performance of Vedanta Ltd's Aluminium, India Copper, Power, Iron ore divisions in addition to Commercial and Asset
optimisation functions," Albanese said.
     
Vedanta said this appointment is a part of the Senior Leadership key initiatives undertaken by the firm's Human Resource for acquiring global talent to take the diversified metals and mining group to new heights.
     
According to industry sources, Cairae has been brought in to look after the firm's cost cutting measures as well as for asset optimisation as the metals to oil conglomerate braces up for a tough 2016 in the commodities market, which has been adversely impacted by softening prices and subdued demand.

 

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