Omar Davis appointed as Vedanta’s new President of strategy

17 Mar 2023 , 09:18 AM

Vedanta announced the appointment of Omar Davis as President-Strategy on Thursday. 

He will be based in the group’s London office and will work closely with Vedanta chairman Agarwal to lead the company’s strategic initiatives.

According to a statement by Vedanta, Davis, a skilled banker specializing in natural resources, brings 25 years of industry experience.

Prior to his appointment, he was the global head of metals and mining for corporate and investment banking at Bank of America.

Davis expressed enthusiasm for joining the skilled team in formulating and implementing strategies aimed at fostering expansion and generating value for all parties involved.

Davis will lead the company’s engagement with globally recognized and leading financial partners, as well as drive synergies as it moves forward with its vision to unlock value across its asset base.

According to regulatory filings, Vedanta Group said on March 16 that it had repaid $250 million in loans from Barclays Bank and Standard Chartered Bank.

Vedanta’s scrip opened 2.25% higher at Rs281.25, against the previous close of Rs275.05 on NSE.

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