Alexei Vostokov to replace Pavel Grachev as CEO of Polyus

MOSCOW. April 11 (Interfax) - Alexei Vostokov will replace Pavel Grachev as CEO of Polyus , Russia's largest gold producer said in a statement.

Grachev, who has been CEO of Polyus since 2014, will focus on his own projects, according to the statement. Grachev also plans to leave the gold miner's board of directors.

Vostokov joined the Polyus team in 2014, and has held a number of senior positions in the company's entities since then. Among other things, he is on the board of directors of Lenzoloto, a subsidiary of Polyus.