Novachuk's ascension means chairman Simon Heale will stand down and retire from the board after 11 years.
The former London Metal Exchange boss has been chairman for five years.
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Kaz Minerals (LN:KAZ) has announced major changes for its top jobs, with CEO Oleg Novachuk moving to chairman and CFO Andrew Southam becoming CEO as of January 2018.
Novachuk's ascension means chairman Simon Heale will stand down and retire from the board after 11 years.
The former London Metal Exchange boss has been chairman for five years.
Copper miner's Russia adventure leaves many investors feeling cold
KAZ £3 billion buyout takes another twist
Kaz guidance intact despite mine outage