P. Elango, former CEO and board member of Cairn India

Cairn India’s interim CEO, P Elango, has resigned for personal reasons, the company said last week.

Chief Financial Officer Sudhir Mathur has been named as his replacement.

In a statement, the company said it “remains focused on realizing the full potential from the Rajasthan block.”

“Our immediate and medium-term priorities therefore are efficient execution of the key projects in hand.”

Elango, 63, was with Cairn India for nearly 18 years.

Under his leadership, the statement said, “Cairn delivered 200,000 bpd from the Rajasthan block and achieved record levels of financial revenue & profitability.”

Chairman Navin Agarwal said: “Elango has had a successful stint at Cairn. He leaves Cairn India in the hands of a strong technical and business organization. Cairn India has a terrific future and I am confident that Sudhir Mathur and the team will steer the organization to realize its true potential.”

Cairn India, headquartered in Gurgaon, is one of the largest independent oil and gas exploration and production companies.

The company and its partners produce more than a fifth of India’s domestic crude oil production.

Cairn India is listed on the Bombay stock exchange but the dominant shareholder is Vedanta Resources.

In its statement last week, Cairn India said Vedanta’s CEO, Tom Albanese, is working “closely with the leadership team in managing [Cairn India’s] business.”


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