Board Appointment

RNS Number : 1160I

Ferrexpo PLC

15 June 2017

 

15 June 2017                                                                                                                                                                                                                                                           

FERREXPO plc

("Ferrexpo" or the "Group")

Board Appointment

Ferrexpo is pleased to announce the appointment of Mr Simon Lockett as an Independent Director with effect from today. It is planned that he will succeed Oliver Baring as Senior Independent Director after a period of a few months.

Simon Lockett has worked for many years in the international upstream oil and gas industry, with an executive career spent with Shell and then the FTSE 250 company Premier Oil plc, where he served as Chief Executive for over 9 years. After leaving Premier in 2014 he further extended his international experience, serving since 2015 as a non-executive director of Triyards Holdings Limited (a Singapore-listed builder of ships and rigs, where he chairs the remuneration committee and is a member of the audit and nominations committees) and of Pico Petroleum Limited (a privately-owned Egyptian oil and gas exploration and production company, where he chairs the nominations committee). He was previously on the board of Genel Energy plc from 2016 until June 2017, and Chairman of the Singapore listed Loyz Energy Ltd from 2014 until 2016. He has also served (2010-2014) as a non-executive advisor, on behalf of the UK government, for the UK-ASEAN Business Council.

There is no other information concerning Simon Lockett which is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.

Steve Lucas, Chairman of Ferrexpo, said:

"We are delighted to welcome Simon Lockett to our Board, and we look forward to working with him. With his extensive experience of natural resources operations in emerging markets, he is well equipped to understand and add value to Ferrexpo and to be our Senior Independent Director."  

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the Former Soviet Union. In 2016, it produced 11.2 million tonnes of pellets reflecting a 2% increase in production of the Group's highest quality pellets to a record 10.5 million tonnes. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

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