Further to the announcement on 27 April 2017 of Simon Heale’s retirement as Chairman, Oleg Novachuk’s appointment as Chair, Andrew Southam’s appointment as Chief Executive Officer and Michael Lynch-Bell’s appointment as Deputy Chair, all effective from 1 January 2018, KAZ Minerals announces the appointment of a new Chief Financial Officer and an Independent Non-Executive Director.
John Hadfield will join KAZ Minerals on 20 November 2017 and will be appointed Chief Financial Officer on 1 January 2018. John is currently Finance Director of the UK business of Intertek PLC. Prior to his role at Intertek PLC, John spent over 14 years at BG Group PLC (“BG”) and Royal Dutch Shell PLC (“Shell”) in a number of UK and international finance roles including Financial Controller of BG’s $20 billion QGC liquified natural gas project in Queensland, Australia and Vice President Finance for BG’s Exploration and Production assets in the UK and Norway. Following the acquisition of BG by Shell, John was responsible for restructuring the combined Exploration and Production finance teams in Shell UK and Ireland. John began his career with PricewaterhouseCoopers in London.
Alison Baker will be appointed as an Independent Non-Executive Director, effective from 9 October 2017 and will be a member of the Audit Committee. Alison has nearly 25 years’ experience in the provision of audit, capital markets and advisory services, having led the UK and EMEA Oil & Gas practice at PricewaterhouseCoopers and prior to that the Energy, Utilities and Mining Assurance practice at Ernst & Young. Alison has extensive emerging markets experience including in the energy and mining sectors in Kazakhstan.
Following the new appointments announced today and the changes to the Board announced on 27 April 2017, the Board will maintain a majority of independent Directors in line with the requirements of the UK Corporate Governance Code. There are no further details that are required to be disclosed in respect of the appointment of Alison Baker as a Director under LR9.6.13R of the Listing Rules of the UK Listing Authority.by