Resignation of Non-Executive Director

Ferrexpo PLC

13 January 2025

 

13 January 2025

FERREXPO plc

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

Resignation of Non-Executive Director and Committee Appointments

Ferrexpo plc (LSE: FXPO) announces that, due to personal reasons, Non-executive Director Natalie Polischuk has resigned from the Board of Ferrexpo with immediate effect. Natalie was Chair of the Health, Safety, Environment and Communities ("HSEC") Committee, a member of the Audit Committee and a member of the Committee of Independent Directors.

On an interim basis, Fiona MacAulay, Senior Independent Non-executive Director has been appointed a member of the Audit Committee and appointed as a member of and will Chair the HSEC Committee.

Following Natalie's resignation the Board continues to have a majority of independent Non-executive Directors. As previously announced, the Company has an ongoing process to search for a new independent Non-executive Director and as part of this search the Company will also take into account ethnic and gender diversity on the Board.

Commenting on the resignation, Lucio Genovese, Executive Chair of Ferrexpo said:

"Over the last three years Natalie's steadfast commitment to Ferrexpo has helped us navigate through exceptionally challenging circumstances. We are very grateful for the meaningful contributions that she has made. As Chair of the HSEC Committee, Natalie has overseen our Humanitarian Fund and CSR activities, which have provided a tangible positive social impact for our workforce and communities during a time of war, for which we are all particularly grateful."

For further information, please contact:

Ferrexpo:
Nick Bias	[e-mail]	[phone]
Tavistock:
Jos Simson Gareth Tredway	[e-mail]	[phone] [phone]

Notes to Editors:

About Ferrexpo: Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a listing in the equity shares commercial companies category on the London Stock Exchange (ticker FXPO) and a constituent of the FTSE 250 index. The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 50 years. Before Russia's full-scale invasion of Ukraine in February 2022, the Group was the world's third largest exporter of pellets. The Group has a global customer base comprising of premium steel mills around the world. For further information visit www.ferrexpo.com.

 

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