Political appointment for Petropavlovsk CEO
- Publishing Date
- 20 Dec 2011 12:20pm GMT
- Author
- Mining Journal
The chief executive of gold producer Petropavlovsk Plc is to leave the LSE-listed company, following his recent nomination to Russia’s senate.
Dr Pavel Maslovskiy leaves Petropavlovsk plc after 18 years in the eastern Amur Oblast (region). Following his election to the Amur duma (regional council), and his subsequent appointment to the Federal Council – the upper house of Russia’s legislature – Dr Maslovskiy is legally obliged to relinquish his executive involvement with the company. He will continue to maintain a non-remunerative relationship with Petropavlovsk in the newly-created position of Honorary President.
The company has announced the appointment of Mr Sergey Ermolenko to the position of chief executive. Mr Ermolenko has worked with Petropavlovsk since its inception in 1994. The company has also appointed Martin Smith, formerly group technical director, as its deputy chief executive.
Petropavlovsk operates four gold mines in the Amur region, with a targeted 2011 production of 600,000oz.
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