New appointments made to Kazakh metallurgical corporation
Azerbaijan, Baku, May 25 / Trend E. Kosolapova/
The Board of Directors of Kazakh metallurgical Eurasian Natural Resources Corporation (ENRC) made new appointments to the corporation's Board, ENRC reported on Friday.
According to ENRC Board of Directors' decision, Chairman of British American Tobacco p.l.c Richard Burrows and Global Head of Climate Business Group at the World Bank/IFC Mohsen A. Khalil were appointed to the posts of ENRC's Independent Non-executive Directors with effect from the close of the Annual General Meeting on June 12, 2012 and ENRC non-executive Director and a member of the Audit and Remuneration Committees Terence Wilkinson was appointed to the post of Senior Independent Director with immediate effect.
Following the appointments, the Board of ENRC currently comprises 12 Directors, seven of whom are Independent Non-executive Directors.
As part of a continuing evolution of the Group's corporate governance structure, membership of several of the Board Committees will be reviewed.
Eurasian Natural Resources Corporation (ENRC) is one of the leading diversified natural resources groups with integrated mining, processing, energy, logistical and marketing operations. ENRC production assets are mainly located in Kazakhstan. Moreover, the company operates in China, Russia, Brazil and Africa (the Democratic Republic of Congo, Zambia, Mozambique and South Africa). ENRC is the world's largest producer of ferrochrome on the chrome content basis and one of the world's significant iron ore and alumina producers.