TIDMEVR
RNS Number : 1476Y
Evraz Plc
11 May 2021
CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS
11 May 2021 - EVRAZ plc (LSE: EVR) (the "Company") announces
that the Nominations Committee has recommended to the Board of
Directors of the Company ("the Board"), and the Board has agreed
that Ms. Sandra Stash, Mr. Stephen Odell and Mr. James Rutherford
be proposed for election as Independent Non-Executive Directors of
the Company at the 2021 annual general meeting, which is due to be
held on 15 June 2021 (the "AGM"), with their appointments due to
take effect from the conclusion of the AGM, if approved.
Ms. Stash, if appointed, will also become a chair of the Health,
Safety and Environmental Committee and a member of the Remuneration
Committee; Mr. Odell, if appointed, will become a member of the
Audit Committee, the Remuneration Committee and the Nominations
Committee. Mr. Rutherford, if appointed, will become a member of
the Nominations Committee and the Audit Committee.
During Ms. Stash's distinguished 39-year career, she has served
as a senior executive for leading global energy companies. Her most
recent executive position was as an Executive Vice President of
Safety, Operations and Engineering and External Affairs at Tullow
Oil from 2013 to 2020. Prior to that she was Senior Vice President
for HSECR, Operations and Engineering Assurance at Talisman Energy
from 2008 to 2013; and a Vice President at BP plc from 2000 to 2008
where she had responsibility for Operations - Other Business and
Corporate in North America, Health, Safety and Environment at
TNK-BP and then Regulatory Affairs, Compliance and Ethics at BP
America. During her career with ARCO Ltd from 1981 to 2003 she
undertook various roles from Senior Engineer to Vice President.
Ms. Stash's current appointments include: Independent
Non-Executive Director and Chair of Sustainability Committee at
Lucid Energy Group LLC; Director at First Montana Bank Inc.;
Non-Executive Director at Trans Mountain Corp; Non-Executive
Director, Chair of Sustainability and Safety Committee at
Diversified Energy plc; and Independent Non-Executive Director at
Chaarat Gold Holdings Limited.
Ms. Stash graduated with a Bachelor of Science in Petroleum
Engineering from the Colorado School of Mines.
Mr. Odell has extensive international automotive and large
industrial company experience gathered over a 38-year history. He
retired from Ford Motor Company as a Global Executive Vice
President in 2018. As an Executive Vice President, he was
responsible for Global Sales, Marketing and Service operations for
Ford and prior to that, President of Ford of Europe, Middle East
and Africa, where he led major restructuring efforts to return the
Division to profitability. Other prior experience include CEO of
Volvo Cars, based in Gothenburg Sweden, leading the sale of that
company to Geely, a Chinese automotive company and Senior Managing
Director for Mazda Car Corporation, based in Hiroshima Japan. Mr.
Odell has lived in multiple countries around the world and
established the FordSollers joint venture in Russia, where he
served as joint Chairman for three years.
Mr. Odell is currently Chairman of the Board at Accsys
Technologies plc, a UK listed sustainable timber company.
Mr. Odell graduated from the University of Brighton as a
Bachelor of Arts in Business Studies.
Mr. Rutherford held senior roles in a 25-year career in
investment management and investment banking, specialising in the
global mining and metals sector. He has extensive international
experience and brings considerable insight from the perspective of
the capital markets and a deep understanding of the metals
industry.
He previously served as a Non-Executive Director at Anglo
American plc (from 2013 to 2020) and as Chairman of Dalradian
Resources Inc (from 2015 until its takeover in 2018). From 1997 to
2013, he was Senior Vice President with Capital Group where he had
responsibility for investments globally in the metals and mining
industry. Previously, from 1993 to 1997, he served as Vice
President of Equity Research at the investment bank HSBC James
Capel in New York, covering the South American metals and mining
industry. He also served as an investment analyst with Credit
Lyonnais, covering diversified industrials, and with CRU
International, providing analysis and consultancy on the copper
industry.
Mr. Rutherford's current appointments include: Non-Executive
Chairman at Centamin plc and Senior Independent Director at Anglo
Pacific Group plc. He also serves as Lead independent Director at
GT Gold Corp, but will step down from that role upon completion of
the acquisition of GT Gold by Newmont Corp, which is expected to
close on 17 May 2021.
Mr. Rutherford graduated from Queen's University Belfast as a
Bachelor of Science in Economics and Computer Science and from
University of Sussex as Master of Arts in Development Economics. He
is also an alumnus of the London Business School.
The Board notes it has previously announced that two of the
Company's longest serving and most experienced Non-Executive
Directors, Sir Michael Peat and Karl Gruber, would not seek
re-election at the 2021 AGM as they have both served nine years on
the Board already. Although the Board is pleased to be recommending
three strong candidates to join the Board, it has asked both Sir
Michael Peat and Mr. Gruber to remain on the Board for a few months
to support a smooth transition process and therefore is putting
them both forward for re-election at the forthcoming AGM as
required by the articles of association of the Company. The Board
considers that both individuals, notwithstanding their length of
tenure, remain independent. For the avoidance of doubt, Sir Michael
Peat and Mr. Gruber will be relinquishing all other Committee
duties currently undertaken, although Sir Michael will remain as
Senior Independent Director until he steps down from the Board.
Following the AGM, Mr. Alexander Izosimov will become a chair of
the Nominations Committee and Ms. Deborah Gudgeon will also become
a member of the Nominations Committee.
Ms. Laurie Argo has advised the Board that she will not be
seeking re-election at the forthcoming AGM and will therefore cease
to be a director at the conclusion of the meeting on the 15 June
2021.
Commenting on the appointment, Mr. Alexander Abramov, Chairman,
said:
"I'm delighted to welcome all three nominees to our Board. They
will bring additional vision and expertise across EVRAZ's key
geographic regions along with industry specific knowledge,
including the global energy market, the mining industry and the
automotive industry. I would like to thank Sir Michael Peat and
Karl Gruber for agreeing to remain on the board and assist with the
transition process and I would also like to thank Laurie Argo for
her contribution to the Board."
There are no matters to disclose in accordance with LR
9.6.13.
###
For further information:
Media Relations: Investor Relations:
+7 495 937 6871 +7 495 232 1370
+44 207 290 1096 +44 207 290 1095
media@evraz.com ir@evraz.com
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END
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May 11, 2021 02:00 ET (06:00 GMT)
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