Mr Ian Ashby, Independent Non-Executive Chairman

Mr Ashby was appointed to the Board as Independent Non-Executive Chairman in June 2017. Mr Ashby has 35 years of international experience in the minerals industry across a range of commodities that include copper, iron ore, coal, silver, gold, lead and zinc.

Experience: In his most recent executive role between 2006 and 2012, Mr Ashby was President of BHP Billiton’s Iron Ore division, the largest and most profitable business within BHP Billiton, where he was responsible for global strategy development and execution, opportunity identification, project development and operations. Post his executive career, Mr Ashby has pursued Non-Executive Director roles at Genco Shipping and New World Resources.

External Appointments: Mr Ashby currently holds NED positions on the board of Nevsun Resources and Alderon Iron Ore Corporation and will join the board of Anglo-American Plc as a NED with effect from 25 July 2017.

Committee Membership: Mr Ashby is Chairman of the Nomination Committee and a member of the Audit and Remuneration Committees.

 

Mr Sergey Ermolenko, Acting Chief Executive Officer 

On 18 July 2017, following the resignation of Dr Pavel Maslovskiy, Petropavlovsk announced the appointment of Mr Sergey Ermolenko as Acting Chief Executive Officer of the Company and a Director of the Company with immediate effect.

Mr Ermolenko, who is currently General Director of Management Company Petropavlovsk, was CEO of Petropavlovsk PLC from December 2011 to November 2014 when Dr Maslovskiy was serving as a Russian senator. Mr Ermolenko is one of the original members of the Group’s founding management team.

Experience: Mr Ermolenko has held top managerial positions with the Group since its inception in 1994. In his previous capacity as Director of Pokrovskiy Rudnik, he was responsible for bringing the Pokrovskiy mine into production. He was appointed General Director of Management Company Petropavlovsk in 2004. In this capacity, he led the expansion of the Group into a multi mine operator, was Chairman of the Operational Committee and a member of the Executive Committee.

External Appointments: None.

Committee Membership: None.

 

Mr Andrey Maruta, Chief Financial Officer

Mr Maruta was appointed to the Board as Finance Director – Russia in January 2011, and promoted to the position of Chief Financial Officer in April 2012.

Experience: Mr Maruta qualified as a Chartered Certified Accountant at Moore Stephens in 2001 and joined the Group in 2003 as Group Chief Accountant. He was appointed Deputy Finance Director in 2005 and Finance Director in 2006. Mr Maruta is a fellow member of The Association of Chartered Certified Accountants.

External Appointments: None.

Committee Membership: None.

 

Mr Bruce M. Buck, Senior Independent Director

Mr Buck was appointed to the Board as Senior Independent Director in June 2017.

Experience:  Mr Buck has been practicing law in Europe since 1983. His work at the law firm of Skadden, Arps, Slate, Meagher and Flom, where he was a partner and is currently Of Counsel, includes a broad range of mergers, acquisitions and capital markets transactions, including IPOs and high-yield transactions. Mr. Buck has been involved in work in Central and Eastern Europe, and particularly in Russia, since 1990

External Appointments: Mr. Buck is also the chairman and a director of Chelsea FC plc.

Committee Membership: Mr Buck is Chairman of the Remuneration Committee and a member of the Audit and HSE Committees.

 

Mr Garrett Soden, Independent Non-Executive Director

Mr Soden was appointed to the Board as Independent Non-Executive Director in June 2017.

Experience: Mr Soden has extensive experience as a senior executive and board member of various public companies in the natural resources sector. He has worked with the Lundin Group for the last decade. Previously, he was Chairman and CEO of RusForest AB, CFO of Etrion and PetroFalcon Corporation and a Non-Executive Director of PA Resources AB. Prior to joining the Lundin Group, Mr. Soden worked at Lehman Brothers in equity research and at Salomon Brothers in mergers and acquisitions. He also previously served as Senior Policy Advisor to the U.S. Secretary of Energy. Mr. Soden holds a BSc honours degree from the London School of Economics and an MBA from Columbia Business School.

External Appointments: Mr Soden is currently President and CEO of Africa Energy Corp., a Canadian oil and gas exploration company focused on Africa. He is also a Non-Executive Director of Etrion Corporation, Gulf Keystone Petroleum Ltd., Panoro Energy ASA and Phoenix Global Resources PLC. 

Committee Membership: Mr Soden is Chairman of the Audit Committee and a member of the Remuneration and Nomination Committees.

 

Mr Vladislav Egorov, Non-Executive Director

Mr Egorov was appointed to the Board as Non-Executive Director in June 2017.

Experience: Mr Egorov has been practicing law in Russia since 1998. His practice areas include mergers and acquisitions, dispute resolution, antitrust and antidumping regulations and general corporate work. He also has significant experience working as an in-house counsel at Russian natural resources companies. He was previously a Vice President for Legal Affairs at TNK-BP Management, a senior legal counsel at Altimo and the Head of Antidumping and International Arbitration Practice at UC RUSAL.

External Appointments: Mr. Egorov is currently a Deputy M&A and Project Director at Renova Group, the Company’s major shareholder.

Committee Membership: Mr Egorov is Chairman of the HSE Committee and a member of the Nomination Committee.

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