Polymetal International PLC Changes in the executive management team (8135U)

TIDMPOLY

RNS Number : 8135U

Polymetal International PLC

23 January 2017

 
 Release   IMMEDIATE 
  time 
Date      23 January 2017 
 

Polymetal International plc

Changes in the executive management team

Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its subsidiaries - "Polymetal") announces changes in the executive management team.

Maxim Nazimok (35) will assume the role of Chief Financial Officer of Polymetal, effective January 23(rd) . His responsibilities will include financial reporting, corporate finance, M&A execution, investor relations, risk management, treasury, and tax.

Mr. Nazimok joined Polymetal in 2011 as Chief Financial Controller and was promoted to Finance Director in 2015. Maxim started his career at PricewaterhouseCoopers. He then worked at MDM Bank and Nomos Bank, both among top-5 Russian privately-owned commercial banks. Mr. Nazimok holds a BA degree in Economics from St. Petersburg State University and is a Fellow member of ACCA. In 2016, Maxim graduated with distinction from the Executive MBA-Global Programme at London Business School and Columbia Business School.

Sergey Cherkashin (54) will assume the newly created position of Executive Vice President - Business Performance. His scope of responsibilities will encompass operating cost control, organizational effectiveness, information technology, continuous improvement initiatives, and investment project analysis.

Mr. Cherkashin was appointed CFO of Polymetal in 2005. Previously, he worked in a CFO position in several companies and was employed by AT Kearney as business efficiency consultant. Sergey holds an MBA from the University of Hartford and Master's Degree in Applied Mathematics from the Moscow Institute of Physics and Technology.

"Changes in Polymetal's management team underscore our continued focus on both best-practice finance function and the need to drive continuous improvement across the business", said Vitaly Nesis, Group CEO of Polymetal. "Maxim's and Sergey's experience and education represent excellent fit to address these dual challenges".

Enquiries

 
 Media                                Investor Relations 
----------------  -----------------  ---------------------------------------------------- 
 FTI Consulting    [phone]   Polymetal             [e-mail] 
  Leonid Fink                          Maxim Nazimok 
  Jenny Payne                          Evgenia Onuschenko    [phone] (Russia) 
                                       Maryana Nesis         [phone] (UK) 
----------------  -----------------  --------------------  ------------------------------ 
 Joint Corporate Brokers 
-----------------------------------  ---------------------------------------------------- 
 Morgan Stanley                       RBC Europe Limited 
  Sam McLennan                         Tristan Lovegrove 
  Richard Brown    [phone]    Marcus Jackson       [phone] 
----------------  -----------------  --------------------  ------------------------------ 
 

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January 23, 2017 02:00 ET (07:00 GMT)