Kazatomprom appoints Yerzhan Mukanov as CEO and Chair of the Management Board

– KAZAKHSTAN, Nur-Sultan –  JSC National Atomic Company “Kazatomprom” (LON: KAP | AIX:  KAP) today announced the appointment of Yerzhan Mukanov as CEO and Chair of its Management Board, bringing a great deal of expertise to his new position, having years of experience within the nuclear industry.

“I am happy to welcome Mr. Mukanov on behalf of the Board. His appointment is in line with the Company’s succession plan, which was developed following the IPO and continues to ensure the Kazatomprom is led by well-qualified individuals. Mr. Mukanov is well equipped to lead the Company and execute on our strategic plans, with a continued focus on generating value for stakeholders,” said Board Chair, Neil Longfellow.

About Yerzhan Mukanov

Yerzhan Mukanov has been acting CEO since July and COO since March 2022,  He has served in numerous nuclear industry roles over his 23-year career, starting as an engineer in the laboratory of unique methods of enrichment and hydrometallurgy at the Institute of Metallurgy and Enrichment under the Republic of Kazakhstan Academy of Sciences, joining the Kazatomprom Group in 2006 first as a process engineer at JV KATCO LLP, then as product development coordinator at AREVA Mines, before moving through senior executive positions in Kazatomprom’s subsidiaries and affiliates including JV KATCO LLP, Kazatomprom-SaUran LLP, Karatau LLP, and Semizbay-U LLP.

“I am honored to accept this appointment to lead Kazatomprom’s team, and I would like to thank the Board of Directors for expressing confidence in my ability to do so,” said Mr. Mukanov. “I am eager to take on the CEO role and join the Board of Directors to continue supporting Kazatomprom’s position as the leader in the global nuclear fuel market. In line with our focus throughout the Company, I will continue reinforcing the cornerstones of our success, including strong governance, health, safety, environmental protection, social responsibility, and transparency, as we continue to deliver strong results in line with our market-focused strategy. With positive momentum building throughout the nuclear market at the moment, it is an exciting time to be working in this industry, particularly within the world’s foremost primary uranium producer.”

With the promotion of Mr. Mukanov to CEO, the Company, with the support of the Board of Directors, has initiated a recruitment process to assess appropriate candidates for the COO position.

About Kazatomprom

Kazatomprom is the world’s largest producer of uranium, with the Company’s production representing approximately 24% of global primary uranium production in 2021. 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 nuclear generation, and capacity operators. 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 (THK).

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

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