At Vedanta, Shrivastava will be spearheading the group’s financial strategy and be responsible for accounting, tax, treasury, investor relations, financial planning and analytics, while driving digitalization and profitability.
“We are delighted to have Sonal join us as our Chief Financial Officer. Her global experience and successful track record of delivering robust financial outcomes across sectors makes her a valuable addition. We are confident that she will play a vital role in the company’s future year,” Anil Agarwal, Chairman of the company said in a statement.
Vedanta’s acting CFO Ajay Goel had resigned from the company in March, and is now the group chief financial officer for education technology firm BYJU’S.
Shrivastava’s appointment comes at a time of concerns around Vedanta Ltd’s balance sheet as its parent Vedanta Resources has several upcoming debt obligations, and Vedanta has made a record dividend payout.
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“Vedanta has made remarkable strides and there are considerable prospects for further growth. I look forward to contributing to the company’s success by leveraging strategic & financial initiatives and working collaboratively to develop and implement strategies that accelerate performance and enhance value for all stakeholders,” said Shrivastava, who has more than 26 years of experience in financial leadership.Shares of Vedanta, which were trading lower earlier today, recovered, and were up 0.6% at 276.85 rupees on the National Stock Exchange.