Major resignations at Vedanta Cairn; CEO, CFO quit last week

The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements

Anil Agarwal-led Vedanta’s oil and gas division Cairn has seen three high-profile exits in the past three months, of which two, including chief executive Sudhir Mathur and chief financial officer Pankaj Kalra resigned last week.

According to sources privy to the development, the company’s chief internal audit and risk assurance director Arup Chakraborty left three months ago. Mathur’s exit is crucial as he would be the fourth CEO moving out of the company since Vedanta completed acquisition of the company in late 2011. Ajay Dixit, who was CEO of aluminium and power divisions of Vedanta, took charge of the oil and