Vedanta Cairn Oil and Gas appoints Nick Walker as new CEO

19 Jan 2023 , 03:08 PM

Cairn Oil & Gas, a subsidiary of Vedanta, announced the appointment of Nick Walker as its new chief executive officer (CEO) on Thursday. According to a company statement, the appointment is effective January 5.

He has over 30 years of diverse international experience in technical, commercial, and executive leadership roles, having previously worked for BP, Talisman Energy, and Africa Oil.

He will be the company’s sixth CEO since mining billionaire Anil Agarwal’s group purchased it from Scottish explorer Cairn Energy plc, now known as Capricorn Energy plc, in 2011.

Walker joins Cairn Oil & Gas after Prachur Sah left to become managing director and CEO of Indus Towers Ltd (formerly Bharti Infratel Ltd) on January 3, 2023.

Walker will be in charge of all aspects of Cairn’s strategy, including the formation of strategic alliances with global partners in order to accelerate business delivery.

According to the statement, he will drive the adoption and deployment of best-in-class oil and gas technologies and processes, with a focus on innovation and digitalization, for business transformation.

Vedanta’s counter was trading at Rs330.35, up by 1.91% against the previous close of Rs324.15 on NSE. So far, the stock touched an intraday high and low of Rs330.85 and Rs321.55 respectively.

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