Changes to NC KazMunayGas Board of Directors announced
Due to the expiry of the term of office of the existing Board of Directors («the Board») of NC KazMunayGas («KMG» or «Company»), Samruk-Kazyna’s Management Board has approved the following composition of KMG’s Board effective from 17 August 2020:
Christopher Walton, Chairman and Independent Non-Executive Director
Alik Aidarbayev, Executive Director and Chairman of the Management Board
Tim G. Miller, Independent Non-Executive Director
Philip Malcolm Holland, Independent Non-Executive Director
Uzakbay Karabalin, Non-Executive Director, representative of «Samruk-Kazyna» JSC
Almasadam Satkaliyev, Non-Executive Director, representative of «Samruk-Kazyna» JSC
Anthony Espina, Non-Executive Director, representative of «Samruk-Kazyna» JSC
The abovementioned directors have been appointed for a period of three years in line with the rotation plan stated in the Fund’s Corporate Governance Code. It should be noted that the previous composition of the board of directors consisted of nine people. Christopher Walton, Uzakbay Karabalin, Almasadam Satkaliyev, Anthony Espina and Alik Aidarbayev will continue their work as members of the Board.
The Company would like to thank all the members of the previous Board for their outstanding work. Especially Baljeet Kaur, Stephen Whyte, Philip Dayer and Luís Palha da Silva for their contributions to the development of NC KazMunayGas.
At the same time, the Company is pleased to welcome Tim Miller and Philip Holland as independent directors. Tim has a wealth of experience in the oil and gas industry and brings with him extensive international expertise. Philip is an expert in the implementation of large-scale projects across the world.
KMG will continue to work to strengthen the Board in line with international corporate governance standards.