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3 Jul 2008 14:13
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For immediate releaseMoscow,Β July 3,Β 2008
Polyus Gold Board of Directors elects Chairman, as well as Committees Members.Β
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,Β today announced that its Board elected by the Annual general shareholders meeting (AGM) on June 26, 2008, had its first meeting today, on July 3, 2008. Mikhail Prokhorov, President of ONEXIM Group, was elected as Chairman of the Board.Β
The Board also elected the members of the Board's committees, as well asΒ appointedΒ their chairmen.Β
Valery Braiko, independent member of the Board, was elected as Chairman of the Audit Committee.Β
Chairman of the Board Mikhail Prokhorov was elected as Chairman of the Strategy Committee.
Robert Buchan, independent member of the Board, was elected as Chairman of RemunerationΒ Committee.Β
The committees of the Board were created for the purpose of preliminary review of the most important issuesΒ relating to the Company's activities andΒ within the Board'sΒ responsibility.Β
The AuditΒ committee was created in 2006 and is chaired by an independent member of the Board.Β In MayΒ 2008 aΒ decision was taken to createΒ two new committees -Β Strategy Committee and Remuneration Committee, in line with the Company's policy to improve its corporate governance standards.Β
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Mikhail D.Β Prokhorov
Born on May 3,Β 1965 inΒ Moscow. In 1989 graduated with honors from the Moscow State Financial Institute (Department of Foreign Economic Relations).
In 1989 - 1992 - Head of department at International Bank of Economic Cooperation (IBEC).
In 1992 - 1993 - Chairman of the Management Board at International Company for Finance and Investments (MFK Bank).
In 1993 -1998 - Chairman of the Board of UNEXIM Bank.Β In 1998 - 2000 - President and Chairman of the Board of UNEXIM Bank.
In 2000 - 2001 - President of ROSBANK.
Since 2001 to 2007 - General Director and Chairman of the Management Board of MMCΒ NorilskΒ Nickel.Β
Since may 2007 - President of LLC ONEXIM Group
Rober BuchanΒ
Born inΒ 1947.Β
Bachelor of Science in Mining Engineering, Master of mining economics.
Since March 2007 - Executive Chairman - Extract Resources;
Since April 2007 - Executive Chairman - AlliedΒ Nevada.
Valery N.Β Braiko
BornΒ inΒ 1939.Β Graduated from Tula Mining Institute, degree inΒ mining electromechanics.Β Graduated fromΒ AcademyΒ ofΒ National Economy, degree in Economics, management and planning.Β
SinceΒ 1995Β Chairman of the Union of gold miners ofΒ RussiaΒ
- EndsΒ -
Polyus Gold is the largest gold producer inΒ Russia. Headquartered inΒ Moscow, Polyus Gold's operating mines and development/exploration projects are located in five major gold mining regions ofΒ RussiaΒ -Β Krasnoyarsk,Β Irkutsk, Magadan, Amur regions and theΒ RepublicΒ ofΒ SakhaΒ (Yakutia). TheΒ companyΒ producedΒ 1.2Β mΒ ozΒ ofΒ goldΒ inΒ 2007.
For further information please contact
For investors:
Alexey V. Chernushkin, Director, CM and IR
Evguenia V.Buydina, IR manager
+7(495) 641-3377
+7(495) 785-4031
ir@polyusgold.com
For press:
Victoria V. Vergelskaya, PR Director Elena D. Evstigneeva, Media Relations +7 (495) 641-3365 +7 (495) 544-5496
pr@polyusgold.com
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