24th Aug 2020 09:34
(Alliance News) - Petropavlovsk PLC on Monday said it has hired Malay Mukherjee as a new independent non-executive director, effective immediately.
The FTSE 250-listed Russia-focused gold miner said Mukherjee has 40 years of experience in a range of technical, commercial and managerial roles in the mining and steel industry, including many projects across Eastern Europe and Russia.
He spent 16 years with steel maker Arcelor Mittal SA, during which time he served on the board of directors. He is currently a director of VA Tech Wabag Ltd, as well as non-executive director of Indian steel company JSW Steel Ltd.
Separately, Petropavlovsk said that Katia Ray will step down from the board role of independent non-executive director effective immediately due to personal reasons.
"I am delighted that 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," said Chair James Cameron.
Cameron was appointed as chair only last week, promoted from independent non-executive director.
This was as Maksim Meshcheriakov was hired as interim chief executive officer to "ensure operational stability" and strengthen governance of the company following a bitter struggle among Petropavlovsk shareholders over the composition of the board.
Petropavlovsk shares were up 1.6% at 31.60 pence early Monday in London.
By Ife Taiwo; [email protected]
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