13th Feb 2019 09:55
LONDON (Alliance News) - Iron ore pellet firm Ferrexpo PLC said on Wednesday it has re-hired the current chair of Firestone Diamonds PLC as a non-executive director.
Lucio Genovese's appointment was effective from Tuesday.
Genovese is currently chief executive of Swiss firm Nage Capital Management, and has also previously held roles at Glencore International AG.
Ferrexpo Chair Steve Lucas 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."
Ferrexpo shares up 0.6% on Wednesday at 261.70 pence each, having traded around 206.10p a month ago.
Related Shares:
FerrexpoFDI.LGlencore