October 28, 2019 / 7:22 AM / 23 days ago

Ferrexpo top boss Kostyantin Zhevago to step aside

Oct 28 (Reuters) - Iron ore pellets producer Ferrexpo said on Monday that Chief Executive Officer Kostyantin Zhevago, a Ukrainian mogul, would “temporarily” step aside to resolve matters relating to one of his former businesses in Ukraine.

The move comes just months after the company said funds it donated to Ukrainian charity Blooming Land, which coordinated Ferrexpo’s Corporate Social Responsibility (CSR) programme, may have been misappropriated.

The board has appointed finance chief Chris Mawe as acting CEO. (Reporting by Yadarisa Shabong in Bengaluru Editing by Saumyadeb Chakrabarty)

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