(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:
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Polymetal International PLC - Jersey-registered precious metals miner in Russia and Khazakhstan - Appoints four new non-executive directors to replace the six that resigned last week amid Western sanctions against Russia. Janat Berdalina, Steven Dashevsky, Evgueni Konovalenko and Paul Ostling all joined the board on Thursday. Berdalina is managing partner of accountants KPMG in Kazakhstan and Central Asia. Dashevsky is chief executive officer of UK-based investment manager D&P Advisors LLP. Konovalenko is managing director and head of International Equities & FICC Sales at Renaissance Capital, an emerging and frontier markets investment bank with offices in Moscow and elsewhere. Ostling spent 30 years at accountants E&Y, including helping to launch the E&Y business in Russia from 1991. The four new directors bolster the board back to seven members, including five who are independent. Last week, Chair Ian Cockerill, together with five other non-executive directors, all stepped down. Polymetal, currently a FTSE 100 constituent, is set to be removed from all FTSE Russell indices from Monday next week, due to insufficient trading liquidity following the imposition of sanctions against Russia. Polymetal shares were up 2.1% on Friday but are down 89% so far in 2022.
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Xeros Technology Group PLC - Rotherham, South Yorkshire-based laundry technology that reduces water use - CEO Mark Nichols plans to leave Xeros to move to a "portfolio career" at the end of 2022, having served six and half years. Nichols will remain until September 30 and handover to his successor. The search for a new CEO has begun.
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Harland & Wolff Group Holdings PLC - Belfast-based ship repair, conversion and offshore construction - Confirms Malcolm Groat as chair, having been interim chair since September. The board currently has four members - Groat plus a second non-executive director and two executive directors. Harland & Wolff is searching for an additional non-executive director.
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Asiamet Resources Ltd - developing copper-gold deposits in Indonesia, including BKZ deposit in Central Kelimantan - Hires Darryn McClelland as CEO, noting he brings 25 years of mine development experience in Australia, Indonesia, Laos, Vietnam, Eritrea and Ghana. McClelland currently is chief operating officer of PT Agincourt Resources, which is developing the Martabe gold mine in North Sumatra, Indonesia.
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By Tom Waite; thomaslwaite@alliancenews.com
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