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Cairn India CEO resigns

GURGAON, India -- Cairn India reported that Mr. P Elango, Interim CEO and Whole time Director has decided to step down for personal reasons. The Board has accepted his resignation. Mr. Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organization in the interim.

Tom Albanese, CEO Vedanta Resources 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.

Under Elango’s leadership, Cairn delivered 200,000 boepd from the Rajasthan block and achieved record levels of financial revenue and profitability.

Cairn India remains focused on realizing the full potential from the Rajasthan block. Its immediate and medium-term priorities therefore are efficient execution of the key projects in hand.

05/05/2014

 

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