• Vedanta’s Cairn Oil and Gas names Ajay Kumar Dixit as new CEO

    Vedanta’s Cairn oil and gas has appointed Ajay Kumar Dixit as its new Chief Executive Officer, the company said in a statement today. Dixit will succeed Sudhir Mathur who had resigned earlier this month.

    “Ajay succeeds Sudhir Mathur, who after seven successful years with the company, moves on to pursue personal endeavours,” the company said in a statement.

    Prior to his appointment, Dixit served as the acting CEO of Vedanta’s Aluminium and Power business

    Srinivasan Venkatakrishnan, CEO, Vedanta in a statement said, “Ajay has a deep understanding of our business and the markets we operate in. He is a dynamic and values-driven leader with an impressive track record of delivering consistent high quality performance in a safe and sustainable way. We are confident that he will play a stellar role in further increasing the operational efficiency and growth of our oil and gas business.”

    Both Mathur and the company’s Chief Financial Officer (CFO) Pankaj Kalra resigned from their positions recently. The company had last week said in a statement the resignations were unrelated.

    The resignations holds significance as Mathur would be the fourth CEO moving out of Cairn Oil and Gas post its acquisition by Vedanta in 2011. According to people privy of the development, Kalra resigned as the CFO of Cairn in mid-February, while Mathur tendered his resignation last week.

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