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Petropavlovsk Plc (POG)

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Friday 12 February, 2010

Petropavlovsk Plc

Appointment of Non-Executive

RNS Number : 0515H
Petropavlovsk PLC
12 February 2010
 

 

 

 

12 February 2010

 

 

Appointment of Dr. Graham Birch as Non-Executive Director

 

Petropavlovsk PLC announces that Dr. Graham Birch has agreed to become a Non-Executive director with immediate effect.

 

Dr. Birch recently retired as Head of international fund manager BlackRock's successful natural resources team, where he was responsible for some $40 billion of assets.  He has been well known to the mining industry as manager of BlackRock's World Mining Trust and Gold and General Unit Trust. Dr. Birch was a Director of BlackRock Commodities Investment Trust plc until 2009.

 

Dr. Birch aged 49, gained his PhD in mining geology at Imperial College, London and worked at Kleinwort Benson Securities and Ord Minnett/Fleming Ord Minnett before joining the highly regarded, late Julian Baring at Mercury Asset Management in 1993.  Together they launched a number of mining and natural resources funds which are today among the largest such funds in the world.  In 1997, Mercury Asset Management was acquired by Merrill Lynch Investment Managers which was itself eventually acquired by BlackRock in 2006.

 

As a Non-Executive director of Petropavlovsk, Dr. Birch will serve on the Audit, Nomination and Risk Committees.

 

There are no other details to be disclosed in relation to Dr. Graham Birch in accordance with Listing Rule 9.6.13.

 

Peter Hambro, Chairman of Petropavlovsk, commented:

"We are very fortunate that Graham has agreed to join the Board.  His experience of our industry is exceptional; not least because he and the team he worked with have looked in depth at many of the most significant mining enterprises in the world.  Based on that knowledge, he has gained an excellent track record of identifying those companies with the greatest potential for success.   It is an honour that he has now chosen to join our team and I greatly look forward to his contribution."

 

Enquiries:

 

Petropavlovsk PLC

Alya Samokhvalova

Charles Gordon

Rachel Tuft

 

+44 (0) 20 7201 8900

 

Merlin

David Simonson 

Tom Randell 

+44 (0) 20 7726 8400

 

 

Note to Editors:

Petropavlovsk PLC, which produced 486,800 ounces of gold in 2009, is Russia's third largest gold producer.

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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