Former Anglo CEO Cynthia Carroll is back, joins Vedanta board

Cynthia Carroll was chief executive of Anglo American from March 2007 but announced in October 2012 that she would step down, under pressure from frustrated investors.

After almost three years since leaving Anglo American due to investors dissatisfaction with her leadership, Cynthia Carroll is back in the mining scene.

The American geologist has joined the board of London-listed Vedanta Resources (LON:VED), an India-based mining and oil group.

Carroll, who already sits on the board of oil major BP and Hitachi, will have an advisory role, Vedanta said in a statement. She will work closely with another of several mining chief executives who exited the industry between 2012 and 2013, former Rio Tinto boss Tom Albanese.

Analysts believe the appointment underlines Vedanta’s drive to improve the group's governance and improve investor friendliness.

The firm clarified that Carroll, the first woman to ever run Anglo American (from March 2007 to April 2013), will chair Vedanta Resources Holdings Ltd, not the whole group, as that role firmly held by chairman Anil Agarwal, who owns almost 80% of Vedanta Resources.

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