RE: FT12 Mar 2022 09:33
Space Tomatoe….posted this morning,
“ https://www.ft.com/content/b874b81b-aaa4-4850-b4dc-8fb1b172721e
Jim Rutherford, Evraz
"Jim Rutherford, who stepped down from the board of Evraz a week ago — before the main exodus of directors — is a former analyst and City fund manager. During a 16-year career at Capital Group he became one of the most powerful institutional investors in metals and mining companies.
After leaving Capital in 2013, Rutherford, who is from Belfast, joined the board of Anglo American, where he served as a non executive director for almost seven years. In 2017, the Financial Times reported that Anglo American had blocked Rutherford from taking a position on the board of En+, the metals and energy group then controlled by Russian oligarch Oleg Deripaska.
Rutherford joined the board of Evraz in June last year and was paid $125,000, according to its 2021 annual report. He is also chair of Centamin, an Egyptian focused gold company listed in London, and the senior independent director at Anglo Pacific, a mine finance company. In a statement Rutherford said: “My decision to step down, which was notified to the company a couple of days beforehand, was a very personal choice. I condemn in the strongest possible terms the senseless Russian invasion of Ukraine.” “At no point while I served as a non-executive director of Evraz, nor during my due diligence process before I joined the board, did I see anything that would in any way contradict the firm denials made by the company in response to the accusations by the UK Office of Financial Sanctions Implementation.”"
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