Kazakhmys
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This article is part of the Mining and Metals project of Spinwatch |
Kazakhmys is a copper mining company originating from Kazakhstan. Its headquarters are in the city of Dzhezkazgan. In October 2005 it listed on the London Stock Exchange with an opening market capitalisation of £2.6 billion, making a billionaire of its main shareholder Vladimir Kim. The company's 2004 profits were $441.3 million on a turnover of $1.3 billion.
Kazakhmys has a German subsidiary called MKM, a semi-product producer of long standing.
Contents
Getting a Lord on board
According to the Times, Kazakhmys 'is one of a growing number of companies from the former Soviet Union who are hiring lords as non-executive directors to improve their corporate governance credentials prior to London listings. The paper reports:
- Even the largest and most reputable foreign companies are eager to appoint British advisers. Lord Renwick of Clifton joined the board of the Kazakh copper company Kazakhmys before its Ј661 million listing on the London Stock Exchange in December 2005. Lord Renwick was suggested by JPMorgan Cazenove, the lead-manager of the IPO, where he is a vice-chairman. Lord Renwick said: “I am not on the board (of Kazakhmys) because I am a member of the House of Lords but because I have many years’ experience in the mining industry.”[1]
People
With effect from 1 January 2007, Board Committee membership will be:
- Executive Chairman Vladimir Kim[1]
Executive Directors
- Vladimir Kim Executive Chairman of Kazakhmys plc and Chairman of the Board of Directors. Mr. Kim joined the Group in 1995, when he was appointed Managing Director and CEO of the JSC Zhezkazgantsvetmet. He was elected Chairman of the Board of Directors in December 2000. Mr. Kim graduated from the Alma-Ata Architectural Institute in 1982, and he holds both a Ph.D. and an MBA.
- Yong Keu Cha Chief Executive Officer of the Kazakhmys plc and a member of the Board of Kazakhmys..
- Oleg Novachuk Finance Director of Kazakhmys plc.. Mr. Novachuk joined the Group in 2001 and was appointed Finance Director in 2005. He was formerly Vice President of Financial Projects for the Kazakhmys and the Financial Advisor to the President of Kazakhmys. Mr. Novachuk was formerly chairman of the board of directors of JSC Kazprombank. He graduated with honours from Kazakh State University with a masters degree in applied mathematics.
- David Munro Strategy Director. Mr Munro was formerly responsible for Billiton's global aluminium and base metals businesses prior to its 2001 merger with BHP. He then became Chief Development Officer in the new BHP Billiton, responsible for strategy and acquisitions. In January 2004 he became Chief Executive Officer of RMC Group PLC, a construction materials and waste management company. He held this position until RMC's acquisition by Mexico's Cemex in 2005. Mr Munro is a mining engineer by profession. Mr Munro acts as chairman of the Health, Safety and Environment committee of the Company.
Non-Executive Directors
- Vladimir Ni Vice-Chairman of the Board of Directors. Mr Ni has been Vice-Chairman of the Board of Directors of Kazakhmys since 1999. He is also a director of TOO HOZU Corporation. He graduated from the Kazakh Mining Metallurgical Institute. Mr Ni is a mining engineer by profession.
- James Rutland
- Lord Renwick
- Philip Aiken
Senior Management
Friedrich Flemming Managing director of MKM. Mr Flemming became Managing Director of MKM in July 2005. He served as a managing director at Boart Longyear from 1974 to 2000, and oversaw Boart Longyear's European operations starting in 1994. He served on the board of directors of Boart Longyear from 1995 until 2000. Mr Flemming was also managing director of Ebner GmbH & Co. from 1995 to 2000. Mr Flemming graduated from the School of Applied Mining and Metallurgy in Clausthal Zellerfeld.[2]
PR people
External links
Notes
- ↑ Julian Evans Why Russians are keen to get a lord on board, The Times, August 15, 2006 12:45
- ^ Appointment of Director Kazakhmys PLC 22 November 2006.
- ^ Directors and key management Kazakhmys website, accessed January 2007
- ^ Appointment of Director Kazakhmys PLC 22 November 2006.
