REG - Ferrexpo plc - Appointment of Independent Non-Executive Director

FerrexpoAnnouncement

23/10/2023 07:15

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RNS Number : 8854Q  Ferrexpo PLC  23 October 2023

23 October 2023

 

Ferrexpo plc

("Ferrexpo" or the "Group")

 

Appointment of Independent Non-Executive Director

and Retirement of Non-Executive Director

Ferrexpo plc (LSE: FXPO), a premium iron ore pellet supplier to the global
steel industry, is pleased to announce the appointment of Stuart Brown as an
Independent Non-executive Director to the Ferrexpo Board of Directors
("Board") with effect from 22 October 2023.

Mr Brown is a seasoned mining executive with extensive board level experience.
He previously held both CFO and CEO roles at De Beers and its various
subsidiaries, where he played a central role in reshaping the group and
positioning it for the future.  Most recently, Mr Brown served as President
and CEO at Mountain Province Diamonds Inc., a company listed on the Toronto
Stock Exchange, and as CEO of Firestone Diamonds Plc, formerly listed on the
AIM of the London Stock Exchange where he established a track record of
building teams and leading business transformation to develop lean, agile,
high performing organisations.

Commenting on Stuart's appointment, Lucio Genovese, interim Executive Chair
said: "We are pleased to welcome a Non-executive Director of Stuart's calibre
to the Board. His decades of experience in finance and the mining industry, in
addition to operating in challenging geo-political circumstances, are
competencies that will benefit Ferrexpo."

The Company also advises that Mr Graeme Dacomb will retire from the Board at
the end of this year. Mr Dacomb is currently Chair of the Audit Committee, a
position that Mr Brown will assume from 1 January 2024, ensuring the necessary
time for an orderly handover. Mr Brown is also appointed as a member of the
Audit Committee with effect from his appointment to the Board.

Commenting on the retirement of Mr Dacomb, Lucio Genovese said: "We thank
Graeme for his contribution to Ferrexpo. Graeme has helped guide Ferrexpo
through many demanding and difficult circumstances over the last four years.
On behalf of the Board, we wish Graeme all of the very best for the future."

There is no other information concerning Mr Brown that is required to be
disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.

 

Notes to Editors

Following the appointment of Mr Brown the number of independent directors will
increase to five, two of whom are female. Following the retirement of Mr
Dacomb at the end of this year, the number of independent directors will
reduce to four.

 

For further information please contact:

 Ferrexpo:
 Nick Bias       n.bias@ferrexpo.ch            +44 (0)20 7389 8305
                                               +44 (0)7733 177 831
 Tavistock:
 Jos Simson      ferrexpo@tavistock.co.uk      +44 (0)20 7920 3150
 Gareth Tredway                                +44 (0)7785 974 264

 

About Ferrexpo:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and
a premium listing on the London Stock Exchange in the FTSE 250 index (ticker
FXPO). The Group produces high grade iron ore pellets, which are a premium
product for the global steel industry and enable reduced carbon emissions and
increased productivity for steelmakers when the Group's iron ore pellets are
converted into steel, compared to more commonly traded forms of iron ore.
Ferrexpo's operations have been supplying the global steel industry for over
50 years. Before Russia's invasion of Ukraine in February 2022, the Group was
the world's third largest exporter of pellets to the global steel industry.
The Group has a global customer base comprising of premium steel mills around
the world.

For further information, please visit www.ferrexpo.com
(http://www.ferrexpo.com/) .

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