P.K. Mukherjee quits Sesa Sterlite
Sesa Sterlite Ltd’s executive director (iron ore business) P.K. Mukherjee has quit the company, making the first high-profile exit from the Vedanta group since its restructuring in August last year. Incidently, M.S. Mehta, CEO of Vedanta Resources Plc and Sesa Sterlite, both, will also be retiring on 31 March, making two top level exits from Vedanta group on the same day. Vedanta has already announced appointment of former Rio Tinto boss Tom Albanese as CEO of both the firms from 1 April. Sources said that till a successor of Mukherjee, 58, is found, Pramod Unde, currently chief operating officer of the iron ore business, would be heading the business.
Read the Live Mint news report here.