Petropavlovsk Hires New Finance Chief; Adds Two Non-Executives

(Alliance News) – Russian bullion miner Petropavlovsk PLC on Thursday announced a appointment of a new arch financial officer, as good as dual new non-executive directors.

Danila Kotlyarov will be stepping adult as CFO during a start of Feb 2020, with stream CFO Alexey Dubynin vacating a day before that “for personal reasons”.

Kotlyarov has “extensive” financial experience, Petropavlovsk said, with his many new purpose being as financial conduct during a miner’s investee IRC Ltd.

Chief Executive Pavel Maslovskiy said: “I would like to appreciate Dubynin for his endless use over a past few years, quite his grant with honour to a turnaround plan that is commencement to bear fruit. Alexey leaves Petropavlovsk in a clever position to beget healthy money flows and continue a concentration of delivering value to all a shareholders.

“He will be succeeded by Kotlyarov, a rarely competent CFO who has some-more than demonstrated his abilities during IRC and where he has overseen a poignant enlargement of that company’s operations. we will be gay to acquire him to a Petropavlovsk group and demeanour brazen to operative together to broach a subsequent section of a company’s expansion strategy.”

Also fasten a house as non-executive directors, effective from Friday this week, are Charlotte Philipps and Katia Ray.

Philipps has “extensive” knowledge in healthy resources corporate financing and equity transactions, Petropavlovsk said, and has spent most of her career in London and Moscow.

Ray has had comparison roles during UK-listed miners Rio Tinto PLC and Anglo American PLC, Petropavlovsk continued, especially in business development, sales marketing, and plan management.

“I am gay that following a appointment of Charlotte Philipps and Katia Ray, this design has been achieved. Their appointment will urge a gender and age change on a board, while their incompatible skillets and backgrounds will supplement substantial abyss to a skills and knowledge of a board,” commented a firm’s Non-Executive Chair Roderic Lyne.

“Charlotte has poignant imagination in corporate financing and healthy resources, while Katia has a systematic and technical credentials and knowledge in a mining sector. This further to a board’s skillset will advantage Petropavlovsk as it enters the subsequent theatre of the development,” Lyne added.

Petropavlovsk shares were marginally reduce on Thursday in London during 10.28 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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