ENRC Appoints 2 New Independent Board Directors, Promotes Another
May 25 2012 - 9:34AM
Dow Jones News
Eurasian Natural Resources Corp PLC (ENRC.LN) said Friday it has
appointed two new independent non-executive board directors, and
promoted another to senior independent board director, to try and
strengthen the expertise and independence of its board.
ENRC chairman Mehmet Dalman, who took the helm of the board in
February as a independent, non-executive board member, had
previously said he wanted to bring "fresh blood" to ENRC's board
after the company had completed its corporate governance review,
and in order to help guide the company through the development of
its project pipeline in Africa and Brazil.
The two new board members, Richard Burrows and Mohsen A. Khalil,
will join the board from the close of the company's annual general
meeting on June 12, while existing independent board member Terence
Wilkinson will become the senior independent board member, a post
previously held by Dalman before he became chairman, with immediate
effect.
The additions bring ENRC's total board of directors to 12 from
10.
Burrows currently serves at the chairman of British American
Tobacco PLC (BATS.LN) and served as CEO of Irish Distillers and
Pernod Ricard SA (RI.FR) in the past. He is a member of the
Trilateral Commission which fosters closer co-operation among
democratic industrialized nations and is a non-executive director
at Rentokil Initial (RTO.LN) and Carlsberg A/S (CABGY).
Mohsen A. Khalil serves as the global head of the World Bank and
International Monetary Funds's Climate Business Group. During his
14-year tenure at the World Bank, Khalil held several managerial
positions including Director of IFC's Central Asia, Middle East and
North Africa Department, and Chief Investment Officer in the
Telecommunications, Transport, and Utilities Department.
"The company will greatly benefit from Richard's impressive FTSE
100 experience, and invaluable emerging markets and transaction
expertise," said Dalman in a statement. "Mohsen brings a strong
track record in project finance, as well as a global outlook
together with in-depth knowledge of Africa and emerging markets.
Their experience and insight will greatly assist us in the future
development of the group," he added.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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