Petropavlovsk PLC Appointment of Chairman and Senior Ind Director (9867I)
June 23 2017 - 1:01AM
UK Regulatory
TIDMPOG
RNS Number : 9867I
Petropavlovsk PLC
23 June 2017
23 June 2017
Petropavlovsk PLC (the "Company")
Appointment of Chairman and Senior Independent Director
Petropavlovsk PLC (Petropavlovsk or the Company) is pleased to
announce that following the appointment of Messrs Ian Ashby, Bruce
M. Buck, Vladislav Egorov and Garrett Soden at the annual general
meeting of the Company held on 22 June 2017:
-- Mr Ian Ashby has been appointed as independent Non-Executive Chairman of the Company.
-- Mr Bruce M. Buck has been appointed as Senior Independent Director of the Company.
Commenting on his appointment as Non-Executive Chairman, Ian
Ashby, stated:
"I am honoured to chair the reconstituted Board. We look forward
to working with current management and all of the Company's
employees to further the business and prospects of Petropavlovsk.
"
Brief biographical details of Messrs Ashby, Buck, Egorov and
Soden are provided below:
Ian Ashby
Mr Ashby has 35 years of international experience in the
minerals industry across a range of commodities that include
copper, iron ore, coal, silver, gold, lead and zinc. In his most
recent executive role between 2006 and 2012, Mr Ashby was President
of BHP Billiton's Iron Ore division, the largest and most
profitable business within BHP Billiton, where he was responsible
for global strategy development and execution, opportunity
identification, project development and operations. Post his
executive career, Mr Ashby has pursued Non-Executive Director roles
at Genco Shipping and New World Resources. Mr Ashby currently holds
NED positions on the board of Nevsun Resources and Alderon Iron Ore
Corporation and will join the board of Anglo-American plc as a NED
with effect from 25 July 2017.
Bruce M. Buck
Mr Buck has been practicing law in Europe since 1983. His work
at the law firm of Skadden, Arps, Slate, Meagher and Flom, where he
was a partner and is currently Of Counsel, includes a broad range
of mergers, acquisitions and capital markets transactions,
including IPOs and high-yield transactions. Mr. Buck has been
involved in work in Central and Eastern Europe, and particularly in
Russia, since 1990Mr. Buck is also the chairman and a director of
Chelsea FC plc.
Vladislav Egorov
Mr Egorov has been practicing law in Russia since 1998. His
practice areas include mergers and acquisitions, dispute
resolution, antitrust and antidumping regulations and general
corporate work. He also has significant experience working as an
in-house counsel at Russian natural resources companies. Mr. Egorov
is currently a Deputy M&A and Project Director at Renova Group,
the Company's major shareholder. He was previously a Vice President
for Legal Affairs at TNK-BP Management, a senior legal counsel at
Altimo and the Head of Antidumping and International Arbitration
Practice at UC RUSAL.
Garrett Soden
Mr Soden has extensive international corporate development
experience as a senior executive and board member of various public
companies in the natural resources sector. He has worked with the
Lundin Group of Companies for the last decade. Mr Soden is
currently a Non-Executive Director of Etrion Corporation, Gulf
Keystone Petroleum Ltd. and Panoro Energy ASA. Previously, he was
Chairman and CEO of RusForest AB, CFO of Etrion and PetroFalcon
Corporation and Non-Executive Director of PA Resources AB. Mr Soden
holds a BSc honours degree from the London School of Economics and
an MBA from Columbia Business School.
There are no additional details to disclose under Listing Rule
9.6.13R in respect of the appointment of Messrs Egorov, Buck, Ashby
and Soden.
Enquiries
Petropavlovsk PLC
Alya Samokhvalova - Deputy Chief Executive Strategic
Development
Grace Hanratty
+44 (0) 20 7201 8900
Maitland
Neil Bennett
James Isola
+44 (0) 20 7379 5151
About Petropavlovsk
Petropavlovsk is one of Russia's leading gold mining companies.
As at 31 December 2016, the Company had produced approximately
6.3Moz of gold.
Petropavlovsk is in the construction phase of a state of the art
pressure oxidation facility to process the Company's substantial
refractory resource base. The Company's combined 3,600km(2) license
holding has untapped resource potential. The Company is a leading
employer and contributor to the development of the local economy in
the Amur region, Russian Far East, where it has operated since
1994.
Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the
guarantor of the US$340m project finance facility (US$234m
principal outstanding, as at 31 December 2016). IRC is a vertically
integrated iron ore producer and developer in the Russian Far East
and North Eastern China. IRC is listed on the Hong Kong Stock
Exchange (Ticker: 1029.HK).
Petropavlovsk is listed on the Main Market of the London Stock
Exchange (Ticker POG.LN)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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