Vedanta rejigs Cairn top deck to push $1 billion investment plans

Mumbai: Cairn India, the oil and gas business of Vedanta, has rejigged its management to empower the core leadership team to take crucial decisions and drive its $1-billion investment plan, the company said on Thursday.

Sudhir Mathur, who was the acting chief executive and chief financial officer, will now be the CEO of Cairn Oil & Gas. Four other leaders were also elevated .

The company said Mathur will play a key role in strategically driving the next wave of growth at Cairn. Suniti Bhat, who was earlier director of oil and gas, will resume in the role of chief operating officer.


Deputy chief financial officer Pankaj Kalra has been elevated to post of chief financial officer. He will also look after the digitalisation initiatives.

Sharad Goenka, who was heading new business initiatives, has been promoted as chief strategy and policy officer.

The company plans to undertake exploration drilling in its Krishna Godavari Block in 2018 and has also put in expressions of interest for 15 exploration blocks under the government’s new Open Acreage Licensing Policy.