17 Aug 2009 13:19
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer, today announced the following changes to KazakhGold Group Limited (LSE: KZG) Board constitution and decisions taken at the Meeting of the Board of Directors held in London on August 14, 2009.
It was noted and confirmed that representatives of Polyus Gold Mrs: Evgeny Ivanov, Oleg Ignatov, German Pikhoya, Boris Zakharov were appointed new directors of the Company effective 14 August 2009.
David Netherway and Aidar Assaubayev remained members of the Board. It was further resolved that Stephen Oke be appointed new independent non-executive director of the Company.
The Board also elected the members of the Board's committees: Audit Committee - Stephen Oke (Сhairman), Oleg Ignatov, German Pikhoya.
Remuneration Committee - David Netherway (Сhairman), Oleg Ignatov, Boris Zakharov.
Evgeny Ivanov was appointed Chairman and Chief Executive Officer of the Company.
Alexey Teksler has been appointed Chief Operating Officer of the Company, Kirill Martynov - Chief Financial Officer.
Dmitry Ivanov has been appointed General Manager of the London office of the Company.
OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold companies in terms of market capitalization, minerals base and output. The Company's asset portfolio includes ore and alluvial deposits in Krasnoyarsk Territory, Irkutsk, Magadan and Amur Oblasts and Republic of Sakha (Yakutia). Gold production of OJSC Polyus Gold totaled 1,222m oz in 2008.
For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496pr@polyusgold.com
Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com