Kazatomprom appoints Mazhit Sharipov as CEO and Chair of the Management Board

– KAZAKHSTAN, Nur-Sultan –  JSC National Atomic Company Kazatomprom (LON: KAP) today announced the appointment of Mazhit Sharipov as CEO and Chair of the Management Board, effective on 03 September 2021.

“On behalf of the Board, I am looking forward to working with Mr. Sharipov,” said Board Chair, Neil Longfellow. “As with other recent changes in the management team, this appointment is in line with the Company’s succession plan, which was developed following the IPO. Mr. Sharipov is well equipped to lead the Company and execute our 2018-2028 strategy, with a continued focus on generating value for stakeholders.”

About Mazhit Sharipov

Mazhit Sharipov, who has been with the Company since 2015 as Managing Director of the Nuclear Fuel Cycle, and as Chief Nuclear Fuel Cycle Officer since 01 January 2021, brings a great deal of expertise to his new position, having broad experience within the nuclear industry. He has served in numerous government and private sector roles over his 33-year career, including Director of the Department of Nuclear Energy and Nuclear Industry at the Ministry of Energy and Mineral Resources, Director of the Department of Atomic Energy and Industry at the Atomic Energy Agency, and Chairman of the Atomic Energy Committee of the Republic of Kazakhstan.

“I am honored to accept the appointment, and I would like to thank the Company’s Board and majority shareholder for expressing confidence in my ability to effectively lead and manage Kazatomprom as CEO,” said Mazhit Sharipov. “I expect that the strength of our Board and management team, along with the dedication of our employees and our strong relationships with partners, customers, and other stakeholders, will continue to support Kazatomprom’s position as a global market leader. Alongside Kazatomprom’s executive team, I will continue reinforcing the cornerstones of our success, including strong governance, health, safety, and environmental protection, social responsibility, and transparency, as we continue to execute our market-focused strategy in our core business of uranium mining.”

About Kazatomprom

Kazatomprom is the world’s largest producer of uranium, with the Company’s attributable production representing approximately 23% of global primary uranium production in 2020. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs, and Associates, 26 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety, and environmental standards.

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock Exchange. As the national atomic company in the Republic of Kazakhstan, the Group’s primary customers are operators of nuclear generation capacity, and the principal export markets for the Group’s products are China, South, and Eastern Asia, Europe, and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG.

For more information: https://www.kazatomprom.kz/en/

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