L&T’s former MD, K. Venkataramanan joins Vedanta Limited Board
New Delhi: Vedanta Limited announced that the Board of Directors in their meeting on 30th March 2017 approved the appointment of Mr K. Venkataramanan as an Independent non-executive director with effect from April 1, 2017.
Mr Venkataramanan was CEO & Managing Director, Larsen & Toubro Limited (L&T) from April, 2012 and also served on the L&T Board from May, 1999 until his retirement in September, 2015.
Mr Venkataramanan, in his four decades of experience at Larsen & Toubro has spearheaded the company’s foray in the world of E&C, strengthened every aspect of EPC value chain and transformed L&T to one of the respected names in the global EPC fraternity.
Mr Venkataramanan’s induction will help broaden the diversity of the Vedanta Board, and add considerable expertise particularly in the areas of hydrocarbons and large scale project management.
Mr Navin Agarwal, Chairman of Vedanta Limited, said “I am delighted to welcome KV to our Board. His unparalleled strength and global experience in our sector will support our delivery of the next phase of growth at Vedanta, and I look forward to his significant contributions to the board.”
Mr. Venkataramanan said “I am excited to be joining the Board of Vedanta Limited, a company which has excelled in the Indian natural resources sector. It will be my endeavour to effectively participate in Vedanta’s journey of achieving excellence in the sector.”