Petropavlovsk PLC Board Update (9426W)
24 Agosto 2020 - 1:00AM
UK Regulatory
TIDMPOG
RNS Number : 9426W
Petropavlovsk PLC
24 August 2020
24 August 2020
Petropavlovsk PLC
Board Update
The board of directors of Petropavlovsk PLC (the " Board") is
pleased to announce the appointment of Mr. Malay Mukherjee as a new
independent non-executive director with immediate effect.
Mr. Mukherjee has 40 years' experience in a range of technical,
commercial and managerial roles in the mining and steel industry,
including many projects across Eastern Europe and Russia. Mr.
Mukherjee spent 16 years with Arcelor Mittal where he served on the
Group Management Board and Board of Directors. He is currently the
lead independent non-executive director of JSW Steel Ltd., one of
India's leading steel companies, and an independent director of VA
Tech Wabag Limited.
Mr. Mukherjee is an Indian national and a fluent Russian
speaker. Upon his appointment to the Board, he will become a member
of all board committees, including the Audit committee.
Katia Ray has informed the Board that for personal reasons she
is unable to continue as a board member and will leave with
immediate effect. As previously announced, the Board is committed
to ensuring it has the necessary strength and breadth and it is in
the process of engaging an external search consultancy to assist it
in making further appointments of independent non-executive
directors.
Chairman James W. Cameron Jr said:
"I am delighted that Mr. Malay Mukherjee is joining the Board.
As a new independent director with a wealth of relevant experience
in relevant geographies, he will bring fresh perspective and
support strong oversight.
I am sorry that Katia is unable to continue and she leaves with
our best wishes and thanks for her service on behalf of
shareholders. We look forward to further appointments as we focus
on providing robust and transparent governance that will command
the trust and support of all stakeholders."
About Malay Mukherjee
Mr. Malay Mukherjee has over 40 years of experience in a range
of technical, commercial and managerial roles in the mining and
steel industry.
Mr Mukherjee is the lead independent non-executive director of
JSW Steel Ltd., one of India's leading steel companies, prior to
which Mr. Mukherjee served as the CEO of Essar Steel Global, a
large integrated steel company in India from 2009 to 2011.
Mr. Mukherjee worked for Arcelor Mittal from 1993 to 2009. He
was a member of the Board of Directors at Arcelor Mittal between
2008 and 2009. Between 2006 and 2008, Mr. Mukherjee served as the
Senior Executive Vice President at Arcelor Mittal and a Member of
the Group Management Board. He was in charge of mines and
operations in Africa, Asia, southern Europe (Bosnia, Macedonia),
CIS, Ukraine, Kazakhstan, and also responsible for Stainless Steel,
Pipes and Tubes and Technology. He also served as the COO for
Mittal Steel Company between 2004 and 2006.
Mr. Mukherjee is a recipient of the MECON Award from the Indian
Institute of Metals. Mr. Mukherjee holds a Master's degree in
mining from the USSR State Commission in Moscow and a Bachelor of
Science degree from the Indian Institute of Technology in
Kharagpur, India. Mr. Mukherjee is a Member of Academy of Natural
Sciences Kazakhstan and Life Member in the Indian Institute of
Metals. He was awarded a letter of appreciation from the President
of Kazakhstan for work rendered in Kazakhstan from 1995 to
1999.
Mr. Mukherjee has no other disclosable appointments and no other
information is required to be disclosed pursuant to paragraph LR
9.6.13R of the Listing Rules of the Financial Conduct
Authority.
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 21.03Moz Au which
include Reserves of 8.46Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350
and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East. Petropavlovsk has
produced a total of c.7.8Moz of gold since operations began in 1994
and has a strong track record of mine development, expansion and
asset optimisation.
The Group recently entered a new era of growth following the
successful commissioning and start-up of its flagship asset, the
Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the
processing of the Company's abundant refractory reserves and
resources.
Petropavlovsk is one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovsk.net or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@petropavlovsk.net
Kim
Citigroup Global Markets Limited
Tom Reid / Andrew Miller-Jones +44 (0) 20 7986 4000
UBS Investment Bank
David Roberts / Jason Hutchings / Alistair
Smith +44 (0) 20 7567 8000
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com
Peretz
Citigroup Global Markets Limited ("Citi") is authorised by the
Prudential Regulation Authority and regulated in the UK by the
Financial Conduct Authority and the Prudential Regulation
Authority. UBS AG London Branch ("UBS") is authorised and regulated
by the Financial Market Supervisory Authority in Switzerland. It is
authorised by the Prudential Regulation Authority and subject to
regulation by the Financial Conduct Authority and limited
regulation by the Prudential Regulation Authority in the United
Kingdom. Citi and UBS are acting exclusively for Petropavlovsk PLC
("Petropavlovsk") and for no-one else in connection with the
contents of this announcement and will not be responsible to anyone
other than Petropavlovsk for providing the protections afforded to
clients of Citi or UBS for providing advice in relation to the
contents of this announcement or any matters referred to
herein.
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