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DGAP-Regulatory: Kazakhstan Kagazy PLC: VITALIY PODOLSKIY JOINS THE BOAD AS NON-EXECUTIVE DIRECTOR
Kazakhstan Kagazy PLC / Directorate change
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5 February 2014
VITALIY PODOLSKIY JOINS KAZAKHSTAN KAGAZY PLC AS NON-EXECUTIVE DIRECTOR
Almaty, Kazakhstan - Kazakhstan Kagazy PLC (the 'Group') is pleased to announce that Vitaliy Podolskiy has joined the company's board of directors as a non-executive director. Mr Podolskiy will also chair Group's Audit & Finance Committee.
Vitaliy Podolskiy has a wealth of executive and professional experience, having previously worked for over six years as Group CFO of X5 Retail Group N.V., Russia's largest retail chain. While in this position he was awarded 'Best Retail CFO' by the Russian Management Association for five consecutive years. Mr Podolskiy has also held senior executive positions at companies including AT Kearney and Bankers Trust in New York, Ford Motors in Germany and Euroset in Russia. He has an MBA from the University of Chicago.
Mr Podolskiy currently serves on the board of two other publicly-listed companies: he is a director of OAO 'Cherkizovo Group', the leading Russian public vertically-integrated agro-industrial company (LSE-listed), and he is also the chairman of the Supply Chain Management Committee and non-executive board director of OAO 'Rosinter Restaurants', Eastern Europe's largest public restaurant chain.
Vitaliy commented on his appointment: 'I am very excited about Kazakhstan's market, which has tremendous track record and growth opportunities and I am confident that Kazakhstan Kagazy, which is going successfully through a difficult restructuring, is ideally positioned to capitalize on them and reinforce its regional leadership in recycling and paper production'.
Kazakhstan Kagazy's chairman, Sir Tony Baldry, commented: 'It is with pleasure that I welcome Vitaliy to the board - his experience and skills will bring a great deal to the company. Kagazy has excellent growth prospects over the coming years. My fellow directors and I look forward to achieving this potential'.
Kazakhstan Kagazy's CEO, Tomas Mateos Werner, added: 'With the addition of Vitaliy and our new CFO, we now have very strong financial leadership in place at KK Group. I am excited about working together to implement our growth plans.'
Note to Editors:
London Stock Exchange listed Kazakhstan Kagazy PLC is the largest paper, packaging and recycling group in Kazakhstan and Central Asia. The Group also owns industrial real estate through its subsidiary company, PEAK.
For further information, please visit http://www.kazakhstankagazy.com
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The content of this document includes forward-looking statements. These relate to Kazakhstan Kagazy's future prospects, developments and strategies, including statements regarding target returns. Forward-looking statements are identified by their use of terms and phrases such as 'believe', 'could', 'would', 'envisage', 'estimate', 'intend' 'seek', 'may', 'plan', 'will' or the negative of those, variations or comparable expressions, including references to assumptions. These statements are based on Kazakhstan Kagazy's current beliefs, assumptions and expectations of its future performance, and are subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Accordingly, these beliefs, assumptions and expectations can change as a result of many possible events or factors that may cause Kazakhstan Kagazy's business, financial condition, liquidity, results of operations and actual returns to vary materially and target returns to be revised from those expressed or implied in the forward-looking statements. None of the data in this statement has been audited and where any reference is made in this statement to the past performance of investments by persons associated with Kazakhstan Kagazy or other investments, you should bear in mind that such information is not necessarily indicative of the future performance of the relevant investments or of Kazakhstan Kagazy's future performance.
| Contact: | |
| Mr. Sadyr Shaguzhayev | +7 727 244 02 08 |
| Head of Investor Relations | This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Mr. Malik Kushmukhanov | +7 727 312 02 85 |
| Press Service | This email address is being protected from spambots. You need JavaScript enabled to view it. |
05.02.2014 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Kazakhstan Kagazy PLC |
| 33-37 Athol Street | |
| IM1 1LB Douglas | |
| Isle of Man | |
| Phone: | +7-727-244-87-87 |
| Fax: | +7-727-244-87-82 |
| E-mail: | This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Internet: | http://www.kazakhstankagazy.com |
| ISIN: | US48667M2035 |
| Listed: | London |
| Category Code: | BOA |
| TIDM: | KAG |
| Sequence Number: | 1877 |
| Time of Receipt: | Feb 05, 2014 13:40:17 |
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