FXPO Ferrexpo Plc

 

TIDMFXPO 
 
RNS Number : 6419P 
Ferrexpo PLC 
27 March 2009 
 

27 March 2009 
 
 
 
 
Board Appointments 
 
 
Further to its announcement on 29 October 2008, Ferrexpo plc ("Ferrexpo" or "the 
Company") announces the appointment to the Board of the Company of Miklos 
Salamon and Marek Jelínek as Non-Independent Non-Executive Directors with 
immediate effect. 
 
 
 
 
Michael Abrahams, Chairman of Ferrexpo, said: 
 
 
"I am very pleased to welcome Mike Salamon and Marek Jelínek to the Ferrexpo 
Board. Mike is Executive Chairman and Marek is Chief Financial Officer of New 
World Resources NV ("NWR"), a company that shares a substantial shareholder with 
Ferrexpo in RPG Industries SE. NWR is a key supplier to many of Ferrexpo's 
customers through its hard coal mining and coke production operations in the 
Czech Republic, with a complementary product offering to the steel industry in 
the region. Both of the new directors have experience directly relevant to 
Ferrexpo and we look forward to their valuable contribution to our Board." 
 
 
 
 
Miklos Salamon (54) is Executive Chairman of New World Resources NV.  Mr. 
Salamon also serves as a non-executive member of the Board of Directors of OKD, 
Co-President of AMCI Capital and Non-Executive Director of Central Rand Gold and 
Gem Diamonds. He has extensive knowledge of the international mining and 
extractive industries. His career spans more than 30 years, the latter part of 
which was spent with BHP Billiton, the world's largest diversified resources 
company. Between 2003 and 2006, Mr. Salamon served as an Executive Director of 
BHP Billiton with responsibilities for the aluminium, copper and nickel 
businesses. From 2001 to 2006, he also chaired BHP Billiton's Operating 
Committee, which was accountable for inter alia the BHP Billiton group's health, 
safety and environment, projects, purchasing and operating excellence. In 2001, 
Mr. Salamon oversaw the merger integration of Billiton plc and BHP Limited. He 
was a co-founding Director of Billiton plc in 1997, and oversaw the Company's 
listing on the London Stock Exchange in 1997. Between 1985 and 1997, Mr. Salamon 
worked for Gencor Ltd, initially as marketing manager for coal. In 1989, he was 
appointed Managing Director of Gencor Ltd's coal business, Trans-Natal Coal 
Corporation, and was then appointed Director of Gencor Ltd from 1993 to 1997. 
During this time, he was also Executive Chairman of Samancor Ltd and Chairman of 
Columbus Stainless Steel. Previously, Mr. Salamon was with the coal division of 
Shell Group in various capacities between 1981 and 1985. Prior to that, he 
worked for the Anglo-American group, both in the Gold Division and at De Beers 
in trainee and junior management capacities. He commenced working for De Beers 
directly after graduation. Mr. Salamon graduated in 1975 from The University of 
the Witwatersrand, Johannesburg with a degree in Mining Engineering (Cum Laude) 
and obtained an MBA from the London Business School, University of London in 
1981. Mr. Salamon holds 5,000 ordinary shares in the share capital of Ferrexpo 
plc as at the date of this announcement. 
 
 
Marek Jelinek (36) is Chief Financial Officer of New World Resources. He has 
also been a member of the Board of Directors of OKD since his appointment on 1 
November 2007. In his capacity as Chief Financial Officer of NWR, he is 
responsible for the restructuring activities within the NWR Group and the 
buildup of NWR's headquarters team, including the Group-wide finance and 
treasury functions. In 2007 and 2008, Mr. Jelínek led the Group's bond issue and 
the successful Initial Public Offering in London, Prague and Warsaw. Mr. Jelínek 
was a Director of Bakala Crossroads Partners a.s. (formerly RPG Advisors) from 
2005 to 2006. He joined the RPG Group in December 2004 as Financial Officer and 
was responsible for a variety of areas including group financing, restructuring 
and divestitures. Prior to that, Mr. Jelínek served as an Analyst and Associate 
of the Corporate Finance department at Patria Finance, a Prague based investment 
banking boutique, from 1995 to 2004, where he managed merger and acquisition 
transactions for domestic and international clients. Mr. Jelínek graduated from 
the Anglo American College in Prague in 1995 with a Bachelor of Science degree 
in Business Administration. 
 
 
 
 
For further information, please contact: 
 
 
Ferrexpo:              +44 207 389 8304 
Gavin Mackay 
 
 
Finsbury:                +44 207 251 3801 
Robin Walker 
Alex Simmons 
 
 
 
 
Notes to Editors: 
 
 
Ferrexpo is a Swiss headquartered resources company with assets in Ukraine, 
principally involved in the production and export of iron ore pellets, used in 
producing steel. Current output is over 9 million tonnes, most of which is 
exported to steelmakers around the world. The Group is listed on the main market 
of the London Stock Exchange under the ticker FXPO. For further information 
please visit www.ferrexpo.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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