+7 (701) 759 90 19
USD 431.03 EUR 471.76
RUB 5.85 CNY 61.32
News

Kazatomprom announces change in Board of Directors

9 December 2019 08:18
Share in:
Kazatomprom announces change in Board of Directors

NUR-SULTAN. KAZINFORM - JSC National Atomic Company «Kazatomprom» («Kazatomprom» or «the Company») today announces the departure of Jon Dudas, independent board member since 2015 and Chairman of the Company’s Board of Directors («Board») since August of 2018, Kazinform has learnt from the company’s press service.

Mr. Dudas has been offered a position on the Board of Directors of the Samruk Kazyna Sovereign Wealth Fund, Kazatomprom’s majority shareholder. He accepted the position and is therefore stepping down from Kazatomprom’s Board as of 6 December 2019.

Kazatomprom’s Board and management would like to thank Mr. Dudas for his dedication, leadership and positive contribution over the past four years. The Company would also like to congratulate Mr. Dudas and wish him continued success in applying his expertise to generate stakeholder value, which in his new role at Samruk Kazyna, will be to the benefit of Kazakhstan as a whole.

«I’ve had the good fortune of witnessing and contributing to a significant corporate success story in my time with Kazatomprom,» said Mr. Dudas. «I’m proud of the Company’s accomplishments and impressed by the commitment and dedication of my fellow board members, the management team, and Kazatomprom’s employees. As a nuclear industry leader that has weathered difficult market conditions, the focus on sustainable value has always been accompanied by an unwavering emphasis on strong health, safety and environmental programs, and transparent corporate governance – all crucial components of any international company operating in the global capital marketplace.

«While it is difficult to leave, I’m happy to do so with a sense of accomplishment, and I am pleased that through my appointment to the board of Samruk Kazyna, I will be able to remain in touch with the Kazatomprom story. I am absolutely confident that the Board and management team will see to it that the Company continues to thrive.»

As per Kazatomprom’s Charter, until a new Board Chairman is elected by shareholders at a General Meeting, board members elect a Chairman at the beginning of the next regular board meeting. The Board unanimously decided to elect Mr. Neil Longfellow as interim Board Chairman until shareholders elect the Chairman of the Board at the next General Meeting of Shareholders of Kazatomprom. At that time, the Board will also propose that shareholders elect Neil Longfellow as Board Chairman.

An international process to identify additional independent, non-executive Board members is now underway; the Board will propose additional board members from selected candidates at the Company’s Annual General Meeting of Shareholders in May, 2020.

Mr. Longfellow is a citizen of the United Kingdom and joined the board as an independent member in 2017. As a Chartered Engineer and a Fellow of the Nuclear Institute, he would bring a wealth of nuclear expertise and experience to the Board’s Chairman position. This includes past roles at British Nuclear Fuels Limited’s Sellafield reprocessing plant, Westinghouse Electric Company’s Springfields Fuels Limited, and with Costain PLC in the nuclear, oil and gas sectors. Mr. Longfellow currently sits on all Board committees, as is the case for each of Kazatomprom’s independent board members, and is Chairman of the Production Safety (HSE) Committee.

«I am grateful for the nomination and the opportunity to take over from Jon as Board Chairman,» said Mr. Longfellow. «With the core task of privatization now behind us, I look forward to working with the Board and Kazatomprom’s management team to build on that success, and continue to focus on long-term value for our stakeholders.»


Share in:
+7
Send
Employees online
Editor
Nurmaganbetova Zhanna
Nurmaganbetova Zhanna
954-048
Editor
Kudrenok Tatyana
Kudrenok Tatyana
954-048
Editor
Raushan Alzhanova
Raushan Alzhanova
954-048

Archive