Last checked at 27 Jan 2022 13:40
CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND ITS COMMITTEES
27 January 2022 - EVRAZ plc (LSE: EVR) (the "Company") announces that the Nominations Committee has recommended to the Board of Directors of the Company (the "Board"), and the Board has agreed, the following changes to the Board and its committees.
Appointment of Directors
Ms. Maria Gordon will join the Вoard as an Independent Non-executive Director with effect from 1 February 2022. Ms. Gordon will also become a member of the Audit Committee and Sustainability Committee.
Ms. Gordon has over two-decade-long experience in equity and debt capital markets. She was Executive Vice President and EME Strategy at PIMCO from 2010 to 2014. Prior to that, from 1998 to 2010 she had been a Managing Director, Head of Emerging Markets Strategy at Goldman Sachs Asset Management.
Ms. Gordon's current board appointments include NED positions at Detsky Mir, Polyus, TCS Group Holding PLC, Moscow Stock Exchange and Alrosa.
Ms. Gordon holds a Bachelor's degree in Political Science from the University of Wisconsin and a Master's degree in law and diplomacy from The Fletcher School of Law and Diplomacy at Tufts University.
Mr. Aleksey Ivanov, who became Chief Executive Officer of EVRAZ on 1 September 2021, will be appointed an Executive Director of the Company with effect from 1 February 2022.
There are no matters to disclose in accordance with LR 9.6.13R in relation to either appointment.
As previously advised, the Board asked Mr. Karl Gruber and Sir Michael Peat to remain as Independent Non-executive Directors to assist the Board during the demerger of EVRAZ' coal business. In line with the announced timetable, they are both expected to stand down as directors on 31 March 2022. Ms. Deborah Gudgeon will, on 1 April 2022, take over from Sir Michael Peat as Senior Independent Director.
Commenting on the changes, Mr. Alexander Abramov, Chairman, said:
"I'm pleased to welcome Ms. Gordon to our Board. She will not only enhance our expertise in finance and capital markets, but also assist our current independent non-executive team with her wide knowledge of Russian markets and industry.
Additionally, I congratulate Mr. Ivanov on his appointment as a director following his 20 years of experience in various management roles with EVRAZ.
Finally, I would like to thank both Karl Gruber and Sir Michael Peat for their contribution to the growth of the Company, having been directors since the IPO in 2011. I would also like to thank Ms. Deborah Gudgeon for agreeing to become Senior Independent Director."
Board committee changes
The following changes to the principal board committees are announced:
· Mr. Alexander Frolov will be appointed a member of the Nominations Committee with effect from 1 February 2022;
· Ms. Maria Gordon will be appointed a member of the Audit Committee and the Sustainability Committee with effect from 1 February 2022;
· Mr. Aleksey Ivanov will be appointed a member of the Sustainability Committee with effect from 1 February 2022;
Full details of all committee memberships are available on the website at the following link:
https://www.evraz.com/en/company/governance/
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