Polymetal International PLC Committee changes and Chair succession plan (7936S)
27 June 2018 - 10:50PM
UK Regulatory
TIDMPOLY
RNS Number : 7936S
Polymetal International PLC
27 June 2018
Release time IMMEDIATE
Date 27 June 2018
Polymetal International plc
Nomination Committee changes and Chair succession plan
Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY)
(together with its subsidiaries - "Polymetal", the "Company", or
the "Group") announces changes within the Nomination Committee and
begins search for successor to Chairman Bobby Godsell as part of
the Company's Board succession program.
In compliance with the UK Governance Code and to ensure an
orderly succession, the Board will undertake the search for a
Non-Executive Chairman to succeed Mr Bobby Godsell as Chair of the
Company prior to him approaching his full nine-year term on
Polymetal's Board. M L S De Sousa-Oliveira, Senior Independent
Director, will replace Mr Godsell as Chair of the Nomination
Committee of the Board to lead the search process. In the meantime,
Mr Godsell will continue to lead the board until at least the
Company's 2019 AGM whilst the search for his successor progresses,
and Polymetal will provide an update in due course.
Jonathan Best, Chairman of the Audit and Risk Committee,
commented: "Bobby is a strong and inspiring Chairman who has played
a key role in the Company's success and to whom we owe a debt of
gratitude for his leadership and support over the years. During
Bobby's tenure, Polymetal has grown into a leading global gold
producer with a unique project pipeline and a robust strategy that
will ensure the Company's growth going forward. "
Background note
Polymetal announced the launch of its Board of Directors
succession programme in June 2017. The Company aims to further
enchance the Board's core skills in finance, mining and
institutional investor engagement while adhering to the highest
international best practice standards of corporate governance,
including the need to ensure a progressive renewal of the Board.
These are among the key objectives of driving the ongoing phased
refresh of the Company's Non-Executive Directors.
Ms Tracey Kerr and Mr Giacomo Baizini were appointed as
Independent Non-Executive Directors with effect from 1 January 2018
and Mr M L S De Sousa-Oliveira was appointed as a Senior
Independent Non-Executive Directors with effect from 25 April
2018.
Enquiries
Media Investor Relations
------------------ ----------------------------------------------------
FTI Consulting +44 20 3727 1000 Polymetal ir@polymetalinternational.com
Leonid Fink Evgenia Onuschenko +44 20 7016 9505 (UK)
Viktor Pomichal Maryana Nesis
Michael Vasiliev +7 812 334 3666 (Russia)
------------------ ------------------ -------------------- ------------------------------
Joint Corporate Brokers
-------------------------------------- ----------------------------------------------------
Morgan Stanley
Andrew Foster
Richard Brown +44 20 7425 8000
Panmure Gordon RBC Europe Limited
Adam James Tristan Lovegrove
James Stearns +44 20 7886 2500 Marcus Jackson +44 20 7653 4000
------------------ ------------------ -------------------- ------------------------------
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END
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