Kazakhmys Revamp at the Top to Attract Investors

By Evening Standard, London

Jan. 24–London-listed copper miner Kazakhmys today unveiled a new boardroom line-up following last month’s departure of chief executive YK Cha. Oleg Novachuk will succeed him as chief executive of the £5 billion company, being promoted from finance director. Novachuk has been with the company since 2001, before which he was deputy chairman of one of the biggest banks in Kazakhstan, JSC Gazprombank. Matthew Hird, a British citizen who joined the company in 2005, will be finance director. Hird was previously on the board of Vedanta Resources, following a nine-year stint at accountant Deloitte. The moves were seen as strengthening the board with a view to attracting a wider spread of investors.

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