People: Kaz Minerals PLC (KAZ.L)
25 May 2017
Mr. Oleg Novachuk has been appointed as an Executive Chairman of the Board of Kazakhmys PLC, with effect from January 1, 2018. Oleg Novachuk has been the Group's Chief Executive for the past eleven years and prior to that, as Finance Director, he led the Listing of the Group on the London Stock Exchange in 2005. As Chief Executive Officer, he has delivered the two major growth projects and put in place a strong operational management team. The Board views Oleg's operational knowledge, project development expertise and senior relationships with industrial, financial and political leaders in both China and Kazakhstan as invaluable to the Group and its future prospects. Given the history of the Group, its status as a leading Kazakhstan-based developer and operator of copper mining assets, together with the diverse challenges involved with operating in the region, Oleg is uniquely qualified to take responsibility, as Chair, for the strategic leadership of KAZ Minerals going forward. The Chair role will be full-time and will include responsibility for strategy, government relations and business development. Oleg retains a significant shareholding in the Group and his interests therefore remain closely aligned with those of other shareholders.
|Total Annual Compensation, GBP||1,719,000|
|Restricted Stock Awards, GBP||--|
|Long-Term Incentive Plans, GBP||819,000|
|All Other, GBP||--|
|Fiscal Year Total, GBP||2,538,000|