Ferrexpo PLC Director Appointment (8675P)
February 13 2019 - 1:19AM
UK Regulatory
TIDMFXPO
RNS Number : 8675P
Ferrexpo PLC
13 February 2019
13 February 2019
FERREXPO plc
("Ferrexpo", the "Company" or the "Group")
Director Appointment
Ferrexpo is pleased to announce the appointment of Lucio
Genovese to the Board of Ferrexpo as a Non-Executive Director, with
effect from 12 February 2019.
Mr. Genovese is the CEO of Nage Capital Management in Baar,
Switzerland. He is also Chairman of Firestone Diamonds plc and a
member of the board of Mantos Copper S.A., Ferrous Resources
Limited, Ferrexpo AG and Nevada Copper Inc. He previously worked at
Glencore International AG where he held several senior positions,
including CEO of the CIS region. Mr. Genovese is a Chartered
Accountant and has a B.Comm and B.Acc from the University of
Witwatersrand, Johannesburg (South Africa).
Steve Lucas, Chairman of Ferrexpo, commented:
"Lucio has been involved in the mining and commodities industry
for over 30 years. He has deep knowledge across the sector,
including in iron ore. He has extensive experience of operating in
emerging markets, specifically in Russia and the CIS states. As a
previous Board member (from 2007 to 2014) and as a Board member of
Ferrexpo AG, Lucio has in-depth knowledge of the Group which will
be extremely valuable to the Company at a Board level."
There is no other information concerning Lucio Genovese which is
required to be disclosed pursuant to paragraph 9.6.13 R of the
Listing Rules.
For further information contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Maitland:
James Isola +44 207 379 5151
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It has been mining, processing and selling high quality
iron ore pellets to the global steel industry for 40 years.
Ferrexpo's resource base is one of the largest iron ore deposits in
the world. In 2018, the Group produced 10.6 million tonnes of
pellets, a 2% increase compared to 2017, ranking it as the 3rd
largest exporter of pellets to the global steel industry with a
market share of approximately 8.5%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey
and Vietnam. Ferrexpo has a premium listing on the main market of
the London Stock Exchange under the ticker FXPO. For further
information, please visit www.ferrexpo.com
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END
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