1 Dec 2017 18:04

Polyus shareholders change 2 board members, Gulnara Kerimova leaves

MOSCOW. Dec 1 (Interfax) - Polyus shareholders have elected a new board of directors at an extraordinary shareholders meeting.

Polyus materials said that Suleiman Kerimov's daughter Gulnara has left the board, replaced by independent director Maria Gordon, the representative for minority shareholders on the Alrosa supervisory board and an independent member of the Moscow Exchange supervisory board.

The principle shareholder also changed one of his representatives on the board: Anastasia Galochkina has been replaced with Sergei Nosov, non-executive director of Polyus' parent company Polyus Gold International Limited.

The rest of the board remained without changes: Suleiman Kerimov's son Said, CEO Pavel Grachev, Senior Vice President for operations Vladimir Polin, Senoir Vice President for finances and strategy Mikhail Stiskin as well as independents Edward Dowling, Kent Potter and William Champion.

At the end of June, Polyus held a SPO on the Moscow Exchange and London Stock Exchange. Kerimov now owns 82.44% and 16.34% is in free float and the rest in a treasury stake.

PJSC Polyus is Russia's biggest gold miner, operating both open pit and alluvial mines in Krasnoyarsk Territory, Irkutsk, Magadan and Amur Regions as well as Yakutia.