CFO Sonal Shrivastava has announced her job resignation which has resulted in a decline in the Vedanta stocks. Vedanta stocks have seen a decline between 1% to 3%. Now, Sonal will be the third CFO leaving the company. Many people are confused about the company’s growth after that. There are many things that Vedanta reveals about themselves after so many CFOs left. The company’s financial stability is being questioned. People are curious to know who will be taking the place of the CFO of Vedanta now. She worked 5 years at the position and was promoted to Senior Manager where she worked again for 5 years. This article will share the reason behind Vedanta’s CFO resignation. Continue reading with us.
Who Is Sonal Shrivastava? Vedanta CFO to Left Company
Sonal Shrivastava is said to be the Chief Financial Officer of Vedanta who is looking for a resignation within 5 months from her joining. She has gathered her experience in finance over the last many years and started her journey at IL&FS as a Manager. Sonal joined Suzlon Energy as a DGM for 2 years. She has worked as a CFO for companies like Duet India Infrastructures, Lafarge, Hindustan Zinc Limited, Ambuja Cements, and Holcim. She is currently working with Vedanta from Jun 2023. Sonal completed her education at JBIMS with an MBA and graduated from Vinoba NBhave University in Chemical Engineering. She studied in DAV JVM St. Anthony School in Ranchi till 12th.
Why Sonal Shrivastava Is Leaving Vedanta?
The company is said to be looking for another CFO to take Sonal’s place. She will be the third CFO to leave the company after seeing the financial complications of the company. Previously, GR Arun Kumar was the CFO who left in 2021. Ajay Goel joined after that, who has also left in the ongoing year.
The company has taken advice from its previous advisors as well. The company is currently focusing on reducing the debt. People also want to hear from Sonal about the inside conditions and her resignation. However, she has not said anything yet. It is being said that this discussion has been going on since last month.
Vedanta has to pay 3 billion dollars under bond repayments. We will update you about what happens next and whom the company takes as its next CFO. The position has many roles and responsibilities for the company and it will not be an easy replacement. Sonal will be handling the department till the replacement. Stay tuned for more information.