BusinessCompany NewsKazakhmys CFO promoted to chief exec

Kazakhmys CFO promoted to chief exec

CFO of copper mining businesses Novachuk to head up the company instead of chairman Vladimir Kim, in surprise move

Oleg Novachuk has been promoted from CFO to chief executive at copper mining
businesses
Kazakhmys
.

Novachuk takes on the role in March following completion of the company’s
2006 year-end close.

Financial controller and company secretary Matthew Hird will succeed Novachuk
as CFO.

The move is an about-turn for the company, which had originally caused
controversy by
lining
up chairman Vladimir Kim
to take on the chief exec role as well.

Further reading:

Copper
giant’s chairman to flout Combined Code

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