Polymetal International Plc
POLY:LN
Overview
Company Profile
Polymetal International plc is a top-10 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan listed on the London Stock Exchange, Moscow Stock Exchange and Astana International Exchange. The company is a member of FTSE 100, FTSE Gold Mines and MSCI Russia. Polymetal has a portfolio of nine producing gold and silver mines and an impressive pipeline of future growth projects.
Classification
Financials
Corporate
Board of Directors
BOBBY GODSELL
Chairman, Chairman of the Nomination Committee
Mr Godsell has been the Chairman of the Board since September 2011. Mr Godsell has over 30 years’ experience in the international mining sector and brings valuable industry and leadership insight to the Board. His other roles include: Chairman of Business Leadership South Africa and director of Platmin Limited. He is also Non-executive director of the South African Industrial Development Corporation. He is a member of the South African National Planning Commission and co-Chairman of the South African Millennium Labour Council. His previous roles have included President of the South African Chamber of Mines, Chairman of Eskom, Chief Executive of AngloGold Ashanti, director of African Barrick Gold and Solar Capital, Chair of the board of Optimum Coal Holdings, acquired by Glencore plc. He has a BA from the University of Natal and MA from the University of Cape Town. Skills: International mining sector
VITALY NESIS
Executive Director and Group CEO Member of the Safety and Sustainability Committee
Mr Nesis was appointed Group CEO in December 2014 and prior to that served as CEO since September 2011. Mr Nesis has been Executive Director and a member of the Board since September 2011. He has been JSC Polymetal’s CEO since 2003, becoming a member of the Board in June 2004. Between 2002 and 2003, he was CEO of Vostsibugol and in 2000 he was Strategic Development Director at the Ulyanovsk Automobile Plant. From 2001 to 2002 he headed the Investment Planning Department at SUAL-Holding. From 1999 to 2000 he worked for McKinsey in Moscow, and from 1997 to 1999 he was an analyst at Merrill Lynch in New York. He graduated from Yale University in 1997 with a BA in Economics.
CHRISTINE СOIGNARD
Senior Independent Non-executive Director Chairman of the Remuneration Committee, Member of the Audit and Risk and the Nomination Committees
Ms Coignard has been a member of the Board since July 2014. Ms Coignard has 25 years’ experience in the banking industry and advisory services world-wide. Most recently she was the Managing Director at HCF International Advisors. Prior to her experience with HCF, Ms Coignard gained banking experience at Royal Bank of Canada, Societe Generale and Citibank. She has also held the role of International Consultant for the Apogee Gold Fund based in Boston, and Director of investments and financing for Norilsk Nickel, after working as project manager for Interros in Russia. Ms Coignard is also a Managing Director and Founding partner of Coignard & Haas GmbH. She has a graduate business degree from Ecole de Management de Lyon, France, and received an MBA from the Schulich School of Business, Toronto, Canada. Skills: Corporate finance and investment banking
KONSTANTIN YANAKOV
Non-executive Director
Mr Yanakov has been a member of the Board since 2011, formerly serving on JSC Polymetal’s Board of Directors since September 2008 and was a member of the Audit Committee. He is also currently the CFO at ICT Group, director of LLC ICT-Capital, Greek Organisation of Football Prognostics SA (OPAP S.A.), O1 Properties Limited, member of the supervisory board of Rigensis Bank, member of the board of Inbank and the non-state pension fund \"Blagosostoyanie\". Prior to joining ICT, he held various positions at MDM Bank and was CFO of JSC Polymetal until 2004. Mr Yanakov also served as a board member at Piraeus Bank. He graduated from the Government of Russia’s Finance Academy with a degree in Global Economics and received a PhD in Economics from the Russian State University of Management. In 2007, Mr Yanakov received an MBA from the London Business School. Skills: Finance
JEAN-PASCAL DUVIEUSART
Non-executive Director
Mr Duvieusart has been a member of the Board since 2011. Mr Duvieusart was a Managing Partner for Central Europe and CIS at McKinsey; joined McKinsey in 1992 and worked in Brussels, New York and Central Europe before becoming Managing Partner in Prague. He has worked as an advisor to banks, insurers and various industrial companies in Russia and Central Europe. Mr Duvieusart is a shareholder of PPF Group N.V. since 2010. Graduated from the Catholic University of Louvain, Belgium with a Master’s Degree in Commercial Engineering and received an MBA from the University of Chicago (US) in 1992. Skills: Business strategy
MARINA GRÖNBERG
Non-executive Director Member of the Safety and Sustainability Committee
Ms Grönberg has been a member of the board since 2011, formerly serving on JSC Polymetal’s Board of Directors since September 2008. She also held various positions in banks and private equity firms. She is also a board member of Waterstones Holdings, Hachette-Atticus, MIG Credit, Marenco Swiss Helicopters, SPAR-Retail, PIK Group, A&NN Capital Management Fund, Managing Director of A&NN (Schweiz), member of management committee of A&NN Capital Management Fund, President of the Charity Fund named after Nadezhda Brezhneva. Ms Grönberg’s qualifications include degrees in Economics and Finance, and in Law from Moscow State Law Academy and in Applied Mathematics from Moscow State University. Skills: Law
JONATHAN BEST
Independent Non-executive Director, Chairman of the Audit and Risk Committee and Member of the Remuneration Committee
Mr Best has been an independent member of the board since 2011, formerly serving as an independent member on JSC Polymetal’s Board of Directors since December 2006. He has more than 30 years’ experience in the mining industry. In 2006 he served as the interim CEO of Trans-Siberian Gold. He also was CFO and Executive Director of AngloGold Ashanti,Chairman of the Audit Committee of Gulf Industrials, Chairman of Sentula Mining and Bauba Platinum, and member of its nomination and remuneration committees. Mr Best had also served as Chairman of GoldStone Resources. He is currently a Non-executive director of AngloGold Ashanti Holdings plc and member of its Audit Committee. Mr Best is also Non-executive director and Chairman of the Audit Committees of Metair Investments. He is an associate of the Chartered Institute of Management Accountants, an associate of the Institute of Chartered Secretaries and Administrators, and holds an MBA from the University of the Witwatersrand, Johannesburg. Skills: Mining, finance, business strategy and corporate governance
RUSSELL SKIRROW
Independent Non-executive Director, Member of the Audit and Risk and Safety and Sustainability Committees
Dr Skirrow has been an independent member of the board since 2011, formerly serving as an independent member on JSC Polymetal’s Board of Directors since September 2008. He has a total of 35 years\' work experience in the global mining industry and investment banking, previously working for ten years at Merrill Lynch in London as Head of Global Metals, Mining & Steel Research and subsequently as Global Chairman of the Metals/Mining team. Dr Skirrow was also Chairman of Dampier Gold Ltd from 2010 to May 2013. Dr Skirrow initially gained12 years’ experience in the international mining industry having worked with companies such as Gold Fields Ltd (South Africa) and Western Mining Corporation in Australia and the USA. He is a member of the Institute of Materials, Minerals & Mining with Chartered Engineer status, and a Fellow of the Financial Services Institute of Australasia. He has a BSc Honours in Geology from Durham University and a PhD from the Royal School of Mines, Imperial College London. Skills: Mining, investment Banking
LEONARD HOMENIUK
Independent Non-executive Director, Chairman of the Safety and Sustainability Committee, Member of the Remuneration and Nomination Committees
Mr Homeniuk has been an independent member of the board since 2011, formerly serving as an independent member on JSC Polymetal’s Board of Directors since June 2010. From 2004 to 2008 he served as President, CEO and member of the Board of Directors of Centerra Gold, and was the Chairman, President and Chief Executive Officer of Polygon Gold Inc. from 2011 to 2014. Mr Homeniuk is also a director of Trade Ideas LLC. He has over 35 years’ experience in the mineral sector, having held executive positions with Centerra Gold, Kumtor Gold and Cameco Corporation. Mr Homeniuk received an MSc from the University of Manitoba and is a member of the Ontario Society of Professional Engineers, the Canadian Institute of Mining and Metallurgy and the Prospectors and Developers Association of Canada. He is an Honorary Professor of the Kyrgyz Mining Institute. Skills: Mining and engineering