In a top level management rejig,Anil Agarwal's Sterlite Industries today appointed Mahendra Singh Mehta as CEO of its Indian operations and brought Dindayal Jalan back as the Chief Financial Officer with immediate effect. "The Board of Directors of Sterlite Industries today approved the change in its CEO and CFO.The appointment comes into immediate effect," the company said in a communique to the Bombay Stock Exchange. Both of them are veterans in the Vedanta family,and their appointments are being seen by the industry watchers as an aim to strengthen the management and operations of the mining and metals major,poised for a big leaf forward. Mehta,who will replace R Kishore Kumar,joined Sterlite Industries in 2000 and currently is the incharge of the London Stock Exchange-listed parent of Sterlite Industries (India),Vedanta Resources Plc,since September 30,2008. He had served as CEO of Hindustan Zinc,a subsidiary of Sterlite Industries India,from November,2005. Jalan,who will replace C Prabhakaran as CFO,also held the position earlier from March,2003 and to June,2009. Jalan had joined Sterlite Industries as the President of Australian operations and was responsible for the business and operations of Copper Mines of Tasmania and Thalanga Copper Mines from January 2001 to February 2002 before becoming Chief Financial Officer (Metals). An FCA,Jalan has been Vedanta CFO since October 2005 and has been working as Whole-Time Director of Sterlite Industries and has over 30 years of experience working in various companies in the engineering,mining and non-ferrous metals. Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminium,copper,zinc,lead. It has also interests in power.
