OREANDA-NEWS. On August 17, 2009 OJSC Polyus Gold (RTS, MICEX and LSE – PLZL), Russia’s leading gold producer, announced the following changes to KazakhGold Group Limited (LSE: KZG) Board constitution and decisions taken at  the Meeting of the Board of Directors held in London on August 14, 2009, reported the press-centre of Polyus Gold.

It was noted and confirmed that representatives of Polyus Gold: Evgeny Ivanov, Oleg Ignatov, German Pikhoya, Boris Zakharov were appointed new directors of the Company effective 14 August 2009.

David Netherway and Aidar Assaubayev remained members of the Board. It was further resolved that Stephen Oke be appointed new independent non-executive director of the Company.

The Board also elected the members of the Board’s committees: Audit Committee – Stephen Oke (Сhairman), Oleg Ignatov, German Pikhoya.

Remuneration Committee - David Netherway (Сhairman), Oleg Ignatov, Boris Zakharov.

Evgeny Ivanov was appointed Chairman and Chief Executive Officer of the Company.

Alexey Teksler has been appointed Chief Operating Officer of the Company, Kirill Martynov - Chief Financial Officer.
 
Dmitry Ivanov  has been appointed General Manager of the London office of the Company.