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Vedanta appoints former Rio Tinto head as CEO

Staff writer |
London, United Kingdom - March 6, 2014, London, United Kingdom - Vedanta Resources, a copper exploration company, announces that Tom Albanese will take over as the chief executive officer of Vedanta and join the Vedanta board, effective April 1, 2014.

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Mr. Albanese was the former chief executive of Rio Tinto from May 2007 to January 2013. He was appointed a member of the Rio Tinto Board in March 2006. He joined Rio Tinto in 1993 when the company acquired Nerco, where Mr. Albanese was chief operating officer. After joining Rio Tinto, he held a series of management positions before being appointed chief executive of the Industrial Minerals group in 2000, after which he became chief executive of the Copper group and head of Exploration in 2004. In July 2006 he was appointed director, Group Resources.

He is on the board of directors of Franco Nevada Corporation, a Toronto-based gold-focused royalty and metal streaming company with assets around the world, since August 2013. In 2009, he joined the Board of Visitors for Duke University Fuqua School of Business in North Carolina. He had earlier served on the boards of Rio Tinto Plc (UK) and Rio Tinto Ltd (Aust).

Mr. Albanese holds a Bachelor's degree in Mineral Economics and a Master's degree in Mining Engineering from the University of Alaska. He succeeds M.S. Mehta, who is retiring at the end of March 2014.

Prior to commencing his current role in October 2008, Mr. Mehta was the Chief Executive Officer of Hindustan Zinc. He has had an extensive career within the mining and metals industry and held key managerial and operating roles within the Vedanta Group, including Group Commercial Director and Head of Copper Business. Prior to joining the Group in 2000, he held various senior management roles in sales, commercial, projects and finance functions in the steel industry for more than 20 years.

Mr. Mehta has a Mechanical Engineering degree and an MBA from the Indian Institute of Management, Ahmedabad.

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