OREANDA-NEWS. April 05, 2012. Polyus Gold International Limited (LSE – PLGL, OTC (US) – PLZLY, PGIL or ‘the Company’), the largest gold producer in Russia, today announces that Mr. German Pikhoya has been appointed to the Company’s Board of Directors. Mr. Pikhoya was previously a member of the Company’s Board of Directors from August 2009 to July 2011 and is currently the Chief Executive Officer of the Company, reported the press-centre of Polyus Gold.

Mr. Pikhoya has held various senior management positions within the Polyus Group since 2002, including:

From 2002 to 2004 – Deputy general director for corporate development of CJSC Polyus.

From 2004 to 2007 – Vice-president for corporate development of CJSC Polyus.

From 2007 to 2009 - Deputy general director for strategy and corporate development of OJSC Polyus Gold.

From 2009 to 2011 – Deputy general director for strategy and corporate development of CJSC Polyus and member of the board of directors of PGIL.

Since 2011 – General director of CJSC Polyus and OJSC Polyus Gold.

In addition, Mr. Evgeny Ivanov has stepped down from the Company’s Board of Directors and his role as President of the Company. Mr. Ivanov’s contribution and valued advice to the Company over the past few years is gratefully acknowledged.

Polyus Gold’s Chairman, Bob Buchan commented:
“We are very pleased to welcome German Pikhoya to the Board. He brings a wealth of experience, having been a core part of Polyus Gold’s development over the last ten years, and the Board looks forward to working with him. In addition, we would like to acknowledge our thanks to Evgeny Ivanov for his contribution and valued advice to the Board over the past few years.”