– UK, London – Petropavlovsk PLC (LON: POG) today announced the appointment of Mirzaaziz (Aziz) Musakhanov as a Non-Executive Director with immediate effect.
Mr Musakhanov was nominated as a Director by Aeon Mining Limited, the Company’s largest shareholder. In line with the Company’s governance procedures, the appointment of Mr Musakhanov was reviewed by the Nominations Committee prior to recommendation to the Board for approval.
The Company has entered into a relationship agreement with Aeon Mining Limited and Mr Roman Trotsenko, its beneficial owner, in line with best corporate governance practice.
Sir Roderic Lyne, Non-Executive Chairman, said: “As Chairman, it gives me great pleasure to welcome Mr Musakhanov to the Board as a representative of our largest shareholder. His extensive and diverse business experience will make a significant contribution to the future of our Company. The successful implementation of Petropavlovsk’s Pressure Oxidation project has opened new opportunities to create value for all of our shareholders. We are delighted to have the support of Mr Roman Trotsenko and Aeon Mining Ltd in developing these opportunities for growth.”
Mr Musakhanov currently serves as Chairman of the Board at Novaport Group, one of the largest private operators of regional airports in Russian. He is also a director at GeoProMining Group, an international diversified mining company which extracts and processes gold, silver, antimony and copper in Russia and Armenia. He has over 20 years of experience in finance and industry.
Mr Musakhanov commented: “Petropavlovsk is one of Russia’s largest gold producers and I am very excited to join the Board at this pivotal point in the Company’s evolution. Under the leadership of the Board and its CEO and founder, Pavel Maslovskiy, the Company has successfully put in place the foundations from which the Company can grow and deliver value to all of its stakeholders. I look forward to working closely with my new colleagues in delivering on its growth strategy through Petropavlovsk’s significant asset base and technical expertise, and further consolidating the Company’s position as one of London’s largest listed gold producers.”
Mr Musakhanov has an MSc Finance from the London Business School and a BSc Physics from Moscow State University.
For more information: https://www.petropavlovsk.net
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