16th Nov 2009 07:00
Trans-Siberian Gold plc
Appointment of Chairman
London: 16 November 2009 - Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L) reports the retirement of Alexander Doumnov as Chairman and as a director of the Company on 13 November 2009.
Mr Doumnov has been Chairman of TSG since 2007 and helped to guide the Company through a difficult period while it sought to obtain the final funding required to bring the Asacha project into production. He is retiring in order to devote more time to his other business interests, particularly his recent appointment as a director of a substantial Moscow based private bank. The Company wishes to record its appreciation of Mr Doumnov's contribution and its best wishes for his new role.
Oleg Bagirov, who stepped down as TSG's Chief Executive Officer in October 2009, has agreed to serve as Chairman of the Board of Directors while the Company seeks to appoint a Chairman with mining experience. He will also be a member of the Board's Audit and Remuneration Committees.
Ends
Contacts:
TSG
Simon Olsen +44 (0) 1480 811871
Seymour Pierce
John Depasquale +44 (0) 20 7107 8000
Related Shares:
TSG.L