(Adds detail, background)
May 2 (Reuters) - Ukraine-focused miner Ferrexpo said on Tuesday that Jim North will step down as chief
executive officer effective June 30, after nine years with the
group, to pursue other opportunities.
The group said Board Chair Lucio Genovese will act as
executive chair on an interim basis and assume leadership of the
company from July 1.
The change comes as Ferrexpo has had to scale down
production in Ukraine since its conflict with Russia led to
severe logistical constraints and damages to Ukraine's
electrical infrastructure.
Ferrexpo also said Chief Financial Officer Nikolay Kladiev
will become an executive director of the group with effect from
May 25, when its annual general meeting ends.
(Reporting by Muhammed Husain in Bengaluru; Editing by Savio
D'Souza)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.