Ferrexpo appoints independent director
30 December 2021
Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO
LN) appointed Natalie Polischuk as an independent non-executive director, the
company reported in a Dec. 30 release.
Polischuk has more than 25 years of finance sector
experience in both Ukraine and more widely in Eastern Europe, according to the
release.
Lucio Genovese, Ferrexpo board’s chair, noted
Polischuk’s finance experience and strong understanding of the business
landscape within Ukraine. Polischuk’s appointment is well-timed as Ferrexpo
looks to pivot towards its latest phase of growth of its business, Genovese
said.
Following Polischuk’s appointment, Ferrexpo’s board
has the total of eight directors, three of which are female and five of which
are independent.
Recall, in August 2020 Ferrexpo said
it was seeking for two independent non-executive directors and has since appointed Ann-Christin Gjerdseth Andersen in March
and, most recently, Polischuk.
Dmytro Khoroshun: Ferrexpo’s
reinforced board now has to strengthen its support among independent
shareholders.
This support demonstrated serious weakness
recently, as follows from the results of Ferrexpo’s AGMs in 2021 and 2020.
