Mon, 12th Aug 2019 07:00
12 August 2019
("Ferrexpo" or the "Group")
Ferrexpo is pleased to announce the appointment of Ms. Fiona MacAulay as an Independent Director and as Chair of the Remuneration Committee with effect from 12 August 2019.
Ms. MacAulay is a Chartered geologist with over 30 years' experience in the upstream oil and gas sector including key roles in a number of leading oil and gas firms across the large, mid and small cap space including Mobil, British Gas, Amerada Hess and Rockhopper.
Ms MacAulay is Chair of Independent Oil & Gas Plc where she also chairs the Technical, Health, Safety and Environment and Remuneration committees having originally been appointed to the board in July 2018 and appointed as Chair in January 2019. In December 2018, Ms MacAulay was appointed to the Exploration Advisory Board of Cairn India, the largest private sector producer of crude oil in India. Since 2017, Ms. MacAulay has been on the Board of Coro Energy Plc, where she is a member of the Remuneration committee and chairs the Health, Safety, Environment and Sustainable committee.
Ms. MacAulay was CEO of Echo Energy PLC from 2017 to 2018 and a Non-Executive Director from 2018 to 2019. She was Chief Operating Officer of Rockhopper Exploration PLC from 2013 to 2017. There is no other information concerning Fiona MacAulay which is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.
Steve Lucas, Chairman of Ferrexpo, said:
"We are delighted to welcome Fiona MacAulay to our Board. Fiona has extensive operational experience in emerging markets and we look forward to working with her."
For further information contact:
+44 207 389 8304
+44 207 379 5151
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com