Petropavlovsk appoints Denis Alexandrov to its Board of Directors as CEO

– UK, London / RUSSIA, Moscow –  Petropavlovsk PLC (LON: POG | MOEX: POGR) today announced the appointment of Denis Alexandrov to its Board of Directors as CEO effective from 1 December 2020.

“We are delighted to welcome Denis to Petropavlovsk. He brings significant experience in the Russian gold mining sector, understands the requirements of a listed company and has a proven ability to grow businesses for the benefit of all stakeholders. We look forward to working with him as the Company continues to strengthen with an enhanced leadership team to deliver operational excellence, greater transparency and full compliance to best practice corporate governance.” said Board Chairman, James Cameron Jr.

Maxim Meshcheryakov was appointed interim CEO of Petropavlovsk PLC in August 2020 and will remain with the Company in a senior position to work with Denis Alexandrov.

About Denis Alexandrov

Denis is a highly experienced executive in mining and natural resources, including the Russian gold sector, and has a strong track record of delivering operational excellence and superior shareholder returns. From January 2016 through November 2020, Denis was CEO of Highland Gold Mining Limited, a top 10 Russian gold producer and developer with exploration assets.

Before joining Highland Gold, Denis held a series of senior positions and board roles at mining and natural resources companies, including as CEO and Director of Auriant Mining AB, a Swedish company focused on gold production in Russia, and as Managing Director at A1 Investment Company and CFO at Arlan Investment Company, both of which had substantial holdings in the mining industry.

Denis Alexandrov, said: “I am excited to be joining Petropavlovsk. My first priorities as CEO will be to ensure a smooth transition to the new leadership team and to formulate a clear operating strategy that delivers growth and improved returns. In the current gold price environment, better management of the Group’s strong asset base should benefit all of our stakeholders – shareholders, local communities, partners and contractors, and the Group’s employees and their families. I look forward to working with them all to build an exciting future for Petropavlovsk.”

About Petropavlovsk

Petropavlovsk PLC is a major integrated Russian gold producer with JORC Resources of 21.03Moz Au which include Reserves of 8.46Moz Au. Following its IPO on the Alternative Investment Market in 2002, Petropavlovsk was promoted to the London Stock Exchange in 2009, where today it is a Premium Listed company and a constituent of the FTSE 250, FTSE 350 and FTSE All-Share indices. The Company’s shares also trade on the Moscow Exchange and are a constituent of the flagship RTS / MOEX index.

Petropavlovsk’s key operating mines are in the Amur Region in the Russian Far East. Petropavlovsk has produced a total of c.8.1Moz of gold since operations began in 1994 and has a strong track record of mine development, expansion and asset optimisation.

The Group recently entered a new era of growth following the successful commissioning and start-up of its flagship asset, the Pressure Oxidation Hub at Pokrovskiy, which enables the processing of the Company’s abundant refractory reserves and resources.

Petropavlovsk is one of the region’s largest employers and one of the largest contributors to the sustainable development of the local economy.

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