Appointment of Group Chief Financial Officer

RNS Number : 4226E

Ferrexpo PLC

07 July 2021

 

7 July 2021       

Ferrexpo plc

 ("Ferrexpo", "the Company" or the "Group")

Appointment of Group Chief Financial Officer

The Board of Directors ("Board") of Ferrexpo (LSE: FXPO) is pleased to announce the appointment of Nikolay Kladiev, as Group Chief Financial Officer ("CFO") effective from the publication of the Group's Interim Results on 4 August 2021.

Roman Palyvoda, the current acting Group CFO, has informed the Board of his decision to step down following a period of 13 years with the Group, in order to pursue other career opportunities. The Board would like to thank Roman for his significant contribution to Ferrexpo over this period, helping to shape the Group's financial reporting and funding of growth. Roman will remain with the Group until 30 September 2021 to ensure an orderly handover to Nikolay.

Nikolay Kladiev joined the Group in 2005, and contributed significantly to the Group's IPO. Since 2007, Nikolay has served on the Board of Ferrexpo Poltava Mining ("FPM") as CFO, as well as being a member of the Group's Executive Committee. During his 16 years with Ferrexpo, Nikolay has overseen FPM's finance function, and has been directly responsible for maintaining the Group's position as a low cost pellet producer during this time. Prior to Ferrexpo, Nikolay held a number of audit positions with Arthur Andersen and Ernst & Young in Ukraine and Eastern Europe.

Jim North, interim Chief Executive Officer of Ferrexpo, commented:

"We are very grateful to Roman for his long tenure with the Group, having joined in 2008, shortly after the IPO. We would like to thank Roman for his commitment and contribution in developing Ferrexpo's finance function and helping us to meet our funding requirements as the Group has grown its production base. We wish him well for his future endeavours.

We are delighted to announce Nikolay's appointment today. Having served as FPM's CFO for many years, Nikolay brings a wealth of experience to the Group CFO role, as well as a deep understanding of both our operations and the Ukrainian business environment. I look forward to working closely with him as we prepare to deliver the next phase of our organic growth programme."

For further information, please contact:

Ferrexpo:
Rob Simmons	[e-mail]	[phone]
Tavistock:
Jos Simson Gareth Tredway Annabel de Morgan	[e-mail]	[phone] [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 over 40 years. In 2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world's 3^rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing 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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