RNS Number : 0515H
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."
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Note to Editors:
Petropavlovsk PLC, which produced 486,800 ounces of gold in 2009, is Russia's third largest gold producer.
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