Cairn India Ltd. announces Friday that the company's Board has named Chief Financial Officer Sudhir Mathur to take on the additional responsibility of leading the firm in the interim following the resignation of P Elango as interim CEO and wholetime director for personal reasons.
"Tom Albanese, CEO Vedanta Resources plc and Mike Yeager, chairman, Operations Review Board, Cairn India, will continue to work closely with the leadership team in managing the business under the guidance of the Board," Cairns India said in a press release.
Under Elango’s leadership, the firm delivered 200,000 barrels of oil equivalent per day from the Rajasthan block and achieved record levels of financial revenue and profitability. Cairn's immediate and medium-term priorities are focused on realizing the full potential from the Rajasthan block and through an efficient execution of its key projects in hand.
“I am confident that Sudhir Mathur and the team will steer the organization to realize its true potential,” Navin Agarwal, Cairn India chairman, said in the same announcement.
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