Ferrexpo PLC Appointment of Group Chief Financial Officer (4226E)
07 Juli 2021 - 8:01AM
UK Regulatory
TIDMFXPO
RNS Number : 4226E
Ferrexpo PLC
07 July 2021
7 July 2021
Ferrexpo plc
("Ferrexpo", "the Company" or the "Group")
Appointment of Group Chief Financial Officer
The Board of Directors ("Board") of Ferrexpo (LSE: FXPO) is
pleased to announce the appointment of Nikolay Kladiev, as Group
Chief Financial Officer ("CFO") effective from the publication of
the Group's Interim Results on 4 August 2021.
Roman Palyvoda, the current acting Group CFO, has informed the
Board of his decision to step down following a period of 13 years
with the Group, in order to pursue other career opportunities. The
Board would like to thank Roman for his significant contribution to
Ferrexpo over this period, helping to shape the Group's financial
reporting and funding of growth. Roman will remain with the Group
until 30 September 2021 to ensure an orderly handover to
Nikolay.
Nikolay Kladiev joined the Group in 2005, and contributed
significantly to the Group's IPO. Since 2007, Nikolay has served on
the Board of Ferrexpo Poltava Mining ("FPM") as CFO, as well as
being a member of the Group's Executive Committee. During his 16
years with Ferrexpo, Nikolay has overseen FPM's finance function,
and has been directly responsible for maintaining the Group's
position as a low cost pellet producer during this time. Prior to
Ferrexpo, Nikolay held a number of audit positions with Arthur
Andersen and Ernst & Young in Ukraine and Eastern Europe.
Jim North, interim Chief Executive Officer of Ferrexpo,
commented:
"We are very grateful to Roman for his long tenure with the
Group, having joined in 2008, shortly after the IPO. We would like
to thank Roman for his commitment and contribution in developing
Ferrexpo's finance function and helping us to meet our funding
requirements as the Group has grown its production base. We wish
him well for his future endeavours.
We are delighted to announce Nikolay's appointment today. Having
served as FPM's CFO for many years, Nikolay brings a wealth of
experience to the Group CFO role, as well as a deep understanding
of both our operations and the Ukrainian business environment. I
look forward to working closely with him as we prepare to deliver
the next phase of our organic growth programme."
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Gareth Tredway +44 207 920 3150
Annabel de Morgan ferrexpo@tavistock.co.uk +44 778 855 4035
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
2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase
on the prior year. The Company is ranked as the world's 3(rd)
largest exporter of pellets to the global steel industry with a
market share of approximately 9%. 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 under the ticker FXPO. For
further information, please visit www.ferrexpo.com.
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END
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