Ferrexpo PLC Management Changes (0581S)
06 Juli 2020 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 0581S
Ferrexpo PLC
06 July 2020
6 July 2020
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Management Changes
Ferrexpo announces that James (Jim) North, Acting Chief
Executive Officer of Ferrexpo, has been appointed as an Executive
Director of the Company with immediate effect.
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 in multiple commodities with Rio Tinto and BHP.
Chris Mawe will leave his position as Group Chief Financial
Officer ("CFO"), once an orderly transition process has been
established.
As a result, the Board has begun a formal process to identify
and appoint a successor.
The Company will make a further announcement in due course once
the date of Mr Mawe's departure, expected to be no later than 31
July 2021, has been determined.
Mr Mawe has vacated his role as a Director of the Company with
immediate effect, and will vacate his role as a director of various
Group subsidiaries.
The Board of Directors and Senior Management thank Chris for his
contribution to the Company over the last 12 years and wish him
every success in his future endeavours.
There is no other information concerning Jim North which is
required to be disclosed pursuant to paragraph 9.6.13 R of the
Listing Rules.
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:
Rob Simmons +44 207 389 8305
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 over 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
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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