Petropavlovsk’s Board of Directors is fully compliant with the UK Corporate Governance Code in terms of composition & diversity and comprises committees to oversee different aspects of business, risk and performance. This includes the Safety, Sustainability & Workforce Committee (SS&W), formed in 2018, to review and monitor health, safety, environmental, sustainability processes and procedures as well as assisting with community relations and workforce engagement. In 2019 Petropavlovsk appointed two new female Non-Executive Directors as part of its commitment to enhance the composition, diversity, age and skillsets of the Board.

 

The Rt. Hon. Sir Roderic Lyne, Non-Executive Chairman

Sir Roderic Lyne was first appointed to the Board in April 2009 upon the Company’s merger with Aricom PLC, and was appointed as the Senior Independent Director in November 2015. He was also Chairman of the Company’s Remuneration and HSE Committees. Sir Roderic continued to act in such a capacity until June 2016, when he retired as a Director. He was subsequently appointed as Chairman of Petropavlovsk following the Company’s AGM on 29 June 2018.

Sir Roderic was previously a Non-Executive Director of Aricom PLC, a position he held from October 2006 until April 2009, and a Director of the Russo-British Chamber of Commerce from April 2006 to July 2009. He served as British Ambassador to Russia from January 2000 until August 2004, and speaks Russian.

Sir Roderic is a former Non-Executive Director of Accor, Senior Adviser successively to HSBC, BP and JP Morgan, Deputy Chairman of the Council of the Royal Institute of International Affairs (Chatham House) and Chairman of the Governors of Kingston University. He was a member of the Committee of the Iraq Inquiry and was appointed to The Privy Council in 2009.

Sir Roderic is Chairman of the Nominations Committee.

 

Dr Pavel Maslovskiy, Chief Executive Officer

Dr Pavel Maslovskiy, a professional metallurgist, a former Professor of Metallurgy at the Moscow Aircraft Technology Institute, co-founded Petropavlovsk with Peter Hambro in 1994 with a single greenfield license in the Amur region, organically expanding the business into one of Russia’s largest gold mining companies. Dr Maslovskiy oversaw the development and construction of four highly successful mines, which together have produced over 7.6Moz of gold to date. Following this journey, spanning a quarter of a century, today Petropavlovsk is a top 5 gold producer in Russia.

Under his leadership and technical know-how, Petropavlovsk successfully built and commissioned its Pressure Oxidation Hub (POX) – state-of-the-art modern processing plant. To facilitate the timely development and commissioning of the POX project, Dr Maslovskiy assembled one of the most respected and knowledgeable research and development teams in Russia.

Dr Maslovskiy has made a significant contribution to Russian society by founding and leading the work undertaken by the Petropavlovsk Foundation for Social Investment.

Dr Maslovskiy is the author of more than 100 printed scientific papers, copyright certificates and co-author of various textbooks in the field of metallurgy.

Dr Maslovskiy’s impact, success, achievements and contribution, to both the Russian mining industry and society has been recognised with awards from the Ministry of Education, the Administration of the President of the Russian Federation and the Administration of the Amur Region.

Dr Maslovskiy is a member of the Safety, Sustainability and Workforce and the Nominations Committees.

 

Ms Fiona Paulus, Independent Non-Executive and Chair Designate 

Ms Paulus was appointed to the Board as Independent Non-Executive and Chair Designate on 27 May 2020. She will succeed Sir Roderic Lyne as Chair when he retires at the conclusion of the Company’s 2020 AGM on 30 June 2020.

Ms Paulus has over 37 years’ global investment banking experience, having held senior management roles with a number of leading international investment banks based in London, Europe and North America. Over the past 15 years she has specialised in the energy and resources sectors where she has advised companies on many capital market transactions, including corporate financing, strategic and risk management initiatives. In December 2018 she was appointed as an independent board member of RHI-Magnesita, a global industrial company listed on the FTSE 250, where she serves on the Audit and Sustainability Committees.

Ms Paulus will also replace Sir Roderic Lyne as the Chair of the Company’s Nominations Committee from 30 June 2020.

 

Mr Harry Kenyon-Slaney, Senior Independent Director

Mr Harry Kenyon-Slaney was appointed as an Independent Non-Executive Director of Petropavlovsk PLC on 7 November 2018 and as Senior Independent Director on 23 April 2019.

Mr Kenyon-Slaney, is currently Non-Executive Chairman of Gem Diamonds Limited, Non-Executive Director of Sibanye Gold Limited (trading as Sibanye-Stillwater) and a senior advisor to McKinsey & Co.  Mr Kenyon-Slaney has over 37 years of experience in the mining industry, principally with Rio Tinto.  He is a geologist by training and his experience spans operations, marketing, projects, finance and business development.    Mr Kenyon-Slaney is a member of the board of directors of Schenck Process AG and also works with Audley Capital Advisors LLP.  Until 2015, Mr Kenyon-Slaney was a member of the Group Executive committee of Rio Tinto where he held the roles of CEO of Energy, and before that CEO of Diamonds and Minerals.  Prior to this he led Rio Tinto’s global titanium dioxide business, was CEO of Rio Tinto’s listed subsidiary, Energy Resources of Australia Ltd, was GM Operations at Palabora Mining Company in South Africa and held senior marketing roles in copper, uranium and industrial minerals.

He began his career as an underground geologist with Anglo American on the gold mines in South Africa.  Mr Kenyon-Slaney has a BSc Geology from Southampton University.

Mr Kenyon-Slaney is Chairman of the Safety, Sustainability and Workforce Committee and a member of the Audit and Nominations Committees.

 

Mr Tim McCutcheon, Independent Non-Executive Director

Mr McCutcheon was appointed to the Board as an Independent Non-Executive Director on 27 May 2020.

Mr McCutcheon is a mining and finance professional with over 20 years of international business experience.  He has led several mining development companies with assets in Russia, Chile, Slovakia, Kyrgyzstan, Mali and Ghana.  Additionally, Mr McCutcheon has served as an adviser to a wide range of natural resource companies, playing key roles in administration and capital market strategy.

Prior to moving to the mining sector, Mr McCutcheon worked in multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer Investments as an award-winning metals and mining sector analyst and as an investment banker.  He was also a founder/partner of DBM Capital Partners Ltd, a leading boutique metals finance institution which managed the mining fund Sayan Investments Ltd and advised multiple base and precious metals mining companies active in Europe and Asia.  Mr McCutcheon has a BA and MBA from Columbia University, New York, USA.

 

Mr Danila Kotlyarov, Chief Financial Officer and Executive Director

Mr Danila Kotlyarov was appointed as Chief Financial Officer of Petropavlovsk PLC on 1 February 2020 and as an Executive Director of Petropavlovsk PLC on 21 April 2020.

Immediately prior to joining the Company, Mr Kotlyarov was Chief Financial Officer and Executive Director of IRC Limited a position he had held since January 2016. Prior to this he served as Deputy General Director for Finance of Aricom a position which in 2010 transferred to IRC as Deputy Chief Executive Officer, following the listing of IRC on the Hong Kong Stock Exchange.  Mr Kotlyarov was appointed as Interim Chief Financial Officer of IRC in March 2015.   Mr Kotlyarov remains a Director of IRC in a Non-Executive capacity.

Mr Kotlyarov has considerable experience having been employed in various position with a number of international companies.

Mr Kotlyarov holds a BA in Management from Moscow State University and a MA in International Economics from the Moscow State Institute of International Relations (MGIMO). He is a fellow member of the Association of Chartered Certified Accountants (ACCA), Chartered Financial Analyst (CFA) charter holder, member of Hong Kong and Russia Associations of Financial Analysts and has a professional diploma in civil and industrial construction.

 

Mr James W Cameron Jr, Independent Non-Executive Director

Mr James Cameron Jr. was appointed as an Independent Non-Executive Director of Petropavlovsk PLC on 15 October 2018.

Mr Cameron, a US qualified lawyer, has extensive international experience, providing expertise and consulting services for companies particularly in the natural resources sector within Russia and the former Soviet Union, since 1988.  He was formerly Founder, CEO and Chairman of Occupational Urgent Care Systems Inc., a company traded on the NASDAQ National Market System until it was sold in 1992.

Mr Cameron is a member of the Audit and Remuneration Committees.

 

Mr Damien Hackett, Independent Non-Executive Director

Mr Damien Hackett was appointed as an Independent Non-Executive Director of Petropavlovsk PLC on 15 October 2018.

Mr Hackett is Chairman of UrAmerica Ltd, a private uranium exploration company in Argentina.  Mr Hackett has 26 years critical investment research experience covering globally diverse mining companies, initially as Global Head of Mining Research with Credit Suisse – First Boston in Australia, following which he held similar roles with Credit Suisse and Canaccord Genuity in London. Latterly he was Vice Chairman Mining Advisory at Canaccord Genuity responsible for developing investment themes in metals and mining across North America, Europe, Russia and Australia.

Mr Hackett’s early career in resources was grounded in 4 years of exploration, resource development and mining in Western Australia followed by 7 years in mineral exploration and economic assessment in Saudi Arabia.  Mr Hackett holds a Bachelor of Science from the Australian National University in Canberra.

Mr Hackett is a member of the Audit, Remuneration, Nominations and Safety, Sustainability and Workforce Committees.

 

Mr Robert Jenkins, Independent Non-Executive Director

Mr Robert Jenkins was originally appointed as a Non-Executive Director in April 2015 and as a Senior Non-Executive Director in June 2016, a position he held until June 2017. Mr Jenkins was Chairman of the Audit Committee and was a member of the Nominations Committee. He was reappointed to the Board as a Non-Executive Director following the Company’s AGM on 29 June 2018.

Mr Jenkins is a Chartered Accountant, has an MA in Modern History and Modern Languages from Oxford University, and is a fluent Russian speaker. He has 25 years of Russia-related investment and natural resources experience. Mr Jenkins was formerly Finance Director of AIM listed Eurasia Mining PLC, a Russia-focused mining exploration company, and Chief Financial Officer of Urals Energy, a Russia-based oil exploration and production company.

Mr Jenkins is also currently a Non-Executive Director of Brazilian Nickel PLC and of Oppenheimer Resources, a Luxembourg-registered investment vehicle engaged in financing oil and gas producers in the US. He was formerly Senior Independent Director and Audit Committee Chairman of Ruspetro Plc, a Russia-focused independent oil and gas production company, and Audit Committee Chairman of Toledo Mining Corporation PLC, which is engaged in nickel ore production in the Philippines.

Mr Jenkins is Chairman of both the Audit and Remuneration Committees and is a member of the Nominations Committee.

 

 

Ms Charlotte Philipps, Independent Non-Executive Director

Ms Charlotte Philipps was appointed as a Non-Executive Director of Petropavlovsk PLC on 8 November 2019.

Ms Philipps has extensive experience in corporate financing and equity transactions in Russia and in other transitional former Soviet and CMEA countries, principally focused on natural resources. Ms Philipps is a member of the Strategy and Investment Committee of Inter RAO UES, Russia’s largest integrated utility company. In addition, she is a member of the Advisory Board of CAPTIS Intelligence Inc., a US-based global industry leader in security and crime prevention and chairs the Board of one of the UK’s largest architecture firms.

Ms Philipps, a German national and qualified lawyer, relocated to London in 1993 to join the European Bank for Reconstruction and Development (EBRD) in London, where she held a number of senior positions, latterly as Senior Banker for EBRD’s Natural Resources Team, before accepting the appointment of President & CEO of AIG Russia Century Fund, Moscow. Ms Philipps lived and worked in Moscow during the period 2006 to 2014. Ms Philipps speaks a number of languages, including Russian.

Ms Philipps is a member of the Audit and Remuneration Committees.

 

Mrs Katia Ray, Independent Non-Executive Director

Mrs Katia Ray was appointed as a Non-Executive Director of Petropavlovsk PLC on 8 November 2019.

Mrs Ray has a scientific and technical background and over 25 years’ experience in the mining sector in senior leadership roles with both Rio Tinto plc and Anglo American plc, primarily in business development, sales and marketing, and project and change management. She has worked across the globe in a number of different commodities including industrial minerals, diamonds and platinum group metals. Mrs Ray founded and runs a management consulting firm and has advised corporate mining companies on corporate strategy across the value chain, private equity groups on M&A projects and a number of start-up businesses.

Mrs Ray has a number of voluntary roles, including acting as a Governor and a Nominations Committee member at the Royal Surrey County Hospital NHS Trust and is a Business Advisor for Young Enterprise UK.

Mrs Ray has a MSc in Chemical Engineering from the Mendeleev University of Chemical Technology in Moscow, Russia. Mrs Ray is Russian but has lived in the UK since the early 1990s and is a British citizen.

Mrs Ray is a member of the Remuneration and the Safety, Sustainability & Workforce Committees.

 

Mr Maxim Kharin, Non-Executive Director

Mr Maxim Kharin was appointed as a Non-Executive Director of Petropavlovsk PLC on 21 April 2020.

Mr Kharin currently serves as the Director for Economics and Finance at Uzhuralzoloto Group of Companies (‘UGC’), a role he has held since 2012, and where he has also served as Chairman of its Board since 2018.

Mr Kharin has a degree in Computer-aided Systems of Management from the Far Eastern State Technical University of Russia and became a qualified accountant in 2006.  Prior to joining UGC as CFO, Mr Kharin held several roles in the International Audit Department at Moore Stephens where he held the title of Senior Auditor and Director and was responsible for the independent audit of companies across a range of sectors, including mining, with a particular focus on the transformation of Russian Accounting Standards to IFRS.

Mr Kharin was nominated as a Director of Petropavlovsk by UGC, the Company’s largest shareholder.

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