Directorate Change

RNS Number : 1283O

Ferrexpo PLC

04 August 2014

 



4 August 2014

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Ferrexpo Board Changes

Ferrexpo announces that Lucio Genovese, an independent non-executive director of Ferrexpo since 2007, has retired from the Board with effect from 1 August 2014. Mr Genovese will continue to serve as Ferrexpo's representative on the board of Ferrous Resources to which he was appointed in March 2014.

Ferrexpo also announces that Bert Nacken has been appointed as an independent non-executive director, with effect from 1 August 2014. No notification is required in respect of Mr Nacken of any matter under LR 9.6.13.   

Michael Abrahams, Chairman of Ferrexpo, said:

"I am very pleased to welcome Bert Nacken to the Ferrexpo Board. He brings with him extensive experience of managing major mining operations including as the Chief Operating Officer of BHP Billiton's Western Australia Iron Ore business.  His expertise will be invaluable to Ferrexpo, and we look forward to working with him.

Lucio Genovese has been a highly effective member of the Ferrexpo Board since we were listed in 2007. The Board is very grateful for the contribution he has made as an independent director and as chairman of the Remuneration Committee." 

L J G ("Bert") Nacken (65), a Dutch national, obtained a PhD in Chemistry at Aachen University (Germany) before joining Shell/Billiton Research BV in the Netherlands as a metallurgist. In a career spanning 34 years at Billiton and then BHP Billiton, he worked in various operational and management roles throughout the world, notably as President of the Cerro Matoso ferro-nickel operation in Colombia (1997-2001), as President of the Minera Escondida copper mine in Chile (2004-2007), and most recently as the Chief Operating Officer of BHP Billiton Western Australia Iron Ore (2009-2011). Since 2011 he has worked as a consultant to a number of mining companies.

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
Peter Ogden	[phone]
Liz Morley

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is the 5^th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2013, it produced 10.8 million tonnes of pellets, a 12% increase compared to 2012. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

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