:: Technical --- ID :: 17414
Vedanta’s oil and gas head Ajay Dixit quits
Vedanta’s oil and gas head Ajay Dixit quits

Vedanta’s oil and gas head Ajay Dixit quits

Kolkata: Cairn Oil & Gas, Vedanta LtdNSE -0.48 %. CEO Ajay Kumar Dixit is superannuating from the company at the end of his five year term, this month.

Dixit, who was appointed CEO of Cairn Oil and Gas in middle of April last year, is the fifth CEO to leave the company since it was acquired by the Vedanta group in 2011.

Following his exit, Cairn’s Management Committee will continue to drive the oil & gas business under the overall leadership of Sunil Duggal, Group CEO, Vedanta Ltd, an official statement said on Monday.

Commenting on the development, Duggal said,l: “Ajay has been leading the oil and gas business and digital transformation, driving production to serve the energy needs of the nation, including through recent oil price volatility and the Covid-19 pandemic. The management wishes him the ..

Besides his contributions in the oil and gas business, Ajay has earlier contributed to growing Vedanta’s Power, Alumina & Bauxite, and Aluminium businesses, the statement added.

"I am grateful to have had the opportunity to lead several key businesses at Vedanta from 2015 till now, most recently oil and gas. It has been a privilege to work with some of the finest teams, delivering to Vedanta’s vision of making India self-sufficient in the natural resources sector. I wish the Group, and the teams I have worked with, even greater success in the days to come”, said Ajay said.

Cairn Oil & Gas, Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of India’s domestic crude oil production.

The Economic Times 18-05-2020