Ferrexpo PLC Management Changes (1281N)
18 Mai 2020 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 1281N
Ferrexpo PLC
18 May 2020
18 May 2020
FERREXPO PLC
("Ferrexpo", "the Company" or the "Group")
Management Changes
The Board is pleased to announce the appointment of James (Jim)
North as Acting Chief Executive Officer of Ferrexpo as of the
conclusion of the AGM to be held on 28 May 2020. Jim will combine
his role as Chief Operating Officer with the Acting CEO position.
He will not join the Board but will be invited to attend all Board
meetings. Chris Mawe has been asked to return to his previous role
as Chief Financial Officer.
Jim, as COO, has a strong focus on operational matters which
will allow the Group to increase its attention on the future growth
of the business, subject to market conditions and cash flow
generation. Jim has also been and will continue to be responsible
for the important development of an enhanced HSE culture for the
Group, including ensuring the safety and well-being of all of our
people during the COVID-19 pandemic.
Jim joined Ferrexpo in November 2014 and since then he has
successfully managed the Company's operations and introduced world
class operating practices. Previously, Jim was Chief Operating
Officer of London Mining plc, where he was accountable for setting
the company's operational and investment strategy around the world.
Prior to this, he held a variety of senior operational management
roles with Rio Tinto, BHP Billiton and Mount Isa Mines in Africa,
South America and Australia. During this time, he focused on
general management, project development and operations improvement
and turnaround, across multiple commodities including Iron Ore,
Coal, Base Metals and Aluminium.
This announcement contains inside information in relation to the
Company. The person responsible for making this notification is
Mark Gregory, Company Secretary.
For further information contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Maitland:
James Isola +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. In
2019, the Group produced 10.5 million tonnes of pellets ranking it
as the 3rd largest exporter of pellets to the global steel industry
with a market share of approximately 8%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey,
Vietnam and America. Ferrexpo has a premium listing on the main
market of the London Stock Exchange. For further information,
please visit www.ferrexpo.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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