14th May 2007 15:10
OJSC Polyus Gold14 May 2007 For immediate release Moscow, May 14, 2007 Board of Directors appoints Pavel Skitovich as Polyus Gold General Director (CEO) OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,today announced the decision taken at a Board Meeting of Directors held on May14, 2007, to appoint Pavel Skitovich as General Director (CEO) of the Company,with effect from May 29, this year. Commenting on the new appointment Evgueny Ivanov, outgoing CEO of Polyus Goldsaid, 'I am excited to be starting a new business which has the potential tomatch the phenomenal growth that Polyus Gold has experienced in recent years. Iam also delighted to welcome the new CEO of Polyus Gold, Pavel Skitovich, who isto continue with the company's ambitious strategy for growth.' Chairman of the Board of Directors Mikhail Prokhorov on behalf of the Boardexpressed gratitude and appreciation to Evgueny Ivanov for his greatcontribution to Polyus Gold's success and growth. Note for editors: Pavel Skitovich Born in 1965 in Moscow. In 1987 he graduated from the Moscow State Institute ofInternational Relations (MGIMO). In 1987-1993, he served as attache and thenvice-consul at the USSR Embassy in Uganda. In 1993-1995 he worked as seniorconsultant at Coopers & Lybrand. In 1995-1997 he served as financial analyst atthe Investment Bank Alfred Berg (IB ABN AMRO subsidiary). In 1997-1999 he servedas deputy director for corporate structures, RAO Norilsk Nickel. In 1999 he wasappointed as deputy director for corporate structures and property management ofthe LMZ Engineering Moscow affiliate. Since 2001 he worked as vice-president,director of the department for corporate structures of Power Machines. In 2002he was appointed as vice-president, director for corporate issues and a yearlater became deputy director general for strategy and corporate issues of PowerMachines. In March 2006 Pavel Skitovich was appointed as member of themanagement board of Interros holding company. Polyus Gold is the largest gold producer in Russia. In 2006 its gold outputtotalled 1.2 million ounces. Headquartered in Moscow, Polyus Gold's operatingmines and development/exploration projects are located in five major gold miningregions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republicof Sakha (Yakutia). For further information please contactDenis DavydovHead of Investor and Public RelationsTel.: +7 (495) 641 33 65E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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