Energy major Cairn India's chief executive Mayank Ashar has resigned from his post, the company said on Friday.

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Appointed CEO in October 2014, Ashar "has decided to step down for personal reasons effective June 5, 2016," Cairn said in a statement.

The company's chief financial officer, Sudhir Mathur, has been appointed the acting CEO, it added.

Ashar had succeeded P Elango, who resigned from the company in May 2014.

"The Board expresses its appreciation for Mayank's contribution during his association with the company. Under Mayank's leadership, Cairn India has delivered a resilient performance in a challenging business environment," the statement said.

Chairman Cairn India Navin Agarwal said, "Mayank has had a positive stint at Cairn. He leaves Cairn India in the hands of a strong leadership team."

Anil Agarwal-led mining major Vedanta had completed the purchase of Cairn India from British major Cairn Energy for $8.67 billion (nearly Rs 57,679.34 crore) in 2011.