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Pin to quick picksPetropavlovsk Share News (POG)

Share Price Information for Petropavlovsk (POG)

London Stock Exchange
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Share Price: 26.80
Bid: 26.74
Ask: 26.78
Change: 0.42 (1.59%)
Spread: 0.04 (0.15%)
Open: 26.60
High: 26.94
Low: 26.48
Yest. Close: 26.38
POG Live PriceLast checked at -

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Petropavlovsk Hires Former Arcelor Mittal Exec Mukherjee As Director

Mon, 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; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Petropavlovsk maintains production guidance after first-quarter plunge

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Sunday newspaper round-up: China, Facebook, Petropavlovsk

(Sharecast News) - Britain will lose billions of pounds of investment and thousands of jobs unless it reverses its hostility to China, an influential lobby group for Chinese businesses has warned. In the most stark public intervention yet, the China Chamber of Commerce in the UK - which represents companies including Huawei, ZTE and Air China - said there could also be a consumer backlash against British companies such as Jaguar Land Rover and Burberry, which are heavily reliant on China's middle-class customers. Relations between China and the UK are at their lowest ebb in decades, hit by Beijing's power grab in Hong Kong and Donald Trump's trade war with President Xi Jinping. - Sunday Times

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