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Vedanta sees more C-suite exits amid crucial demerger and debt restructuring

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Vedanta sees more C-suite exits amid crucial demerger and debt restructuring

- Several senior executives have recently left Vedanta Group as the company undergoes a demerger and debt restructuring. - Krishnamohan Narayan has stepped down as the deputy CEO of Hindustan Zinc, while Shrikant Saboo has resigned from Vedanta Ltd's executive committee. - Over half a dozen senior executives have left Vedanta Group firms in the past year, potentially impacting the restructuring process. - The level of churn among senior leadership in Vedanta Group is atypical for a conglomerate of this size, especially in the minerals and mining sector. - Vedanta Group follows a pyramid structure, with 2-5% of employees in the top bracket, and offers competitive compensation packages for senior executives. - Ajay Goel returned to Vedanta as the CFO after briefly leaving to join Byju's, while Omar Davis left Vedanta during the debt crisis management phase.

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