The Board of Directors of Petropavlovsk PLC announced the appointment with immediate effect of Mr Stanislav Ploshchenko as the Group's Chief Financial Officer, based in Moscow.

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Petropavlovsk PLC - New CFO


The Board of Directors of Petropavlovsk PLC announced the appointment with immediate effect of Mr Stanislav Ploshchenko as the Group's Chief Financial Officer, based in Moscow.

Mr Ploshchenko has over two decades of experience in finance including CFO positions at major publicly-listed companies. He began his career at Commerzbank before joining steel and coal producer Mechel (NYSE: MTL), initially as head of corporate finance and then for seven years as CFO. He subsequently joined NASDAQ-listed CTC Media as CFO, overseeing the company's restructuring and eventual delisting following an acquisition. Since 2016, he has served in several senior posts at East Mining Company, including CFO, acting CEO, and deputy CEO for business efficiency.

Mr Ploshchenko holds a master's degree in international securities, investment and banking from the University of Reading (UK) as well as finance degrees from the Russian State Academy of Finance and the University of Portsmouth (UK).

The Board would like to express its thanks to outgoing CFO Danila Kotlyarov for his dedication, professionalism, and financial stewardship over the past two transitional years. During his tenure, the Company was able to strengthen its balance sheet and significantly improve its debt profile and transparency. The Board wishes him well in all his future endeavours.

Mr Kotlyarov will remain with the Company until 28 February 2022, and thereafter take on an advisory role, in order to ensure a smooth transition.

Source: Petropavlovsk



Petropavlovsk, PLC, New, CFO, Chief, Financial, Officer, Personalities

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