Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), has named Mehmet Dalman as its new Chairman after the abrupt and immediate departure of the previous occupant of the big chair, Dr Johannes Sittard.
In a brief statement the ENRC board paid a short tribute to Dr Sittard, expressing its gratitude for his "leadership, expertise and invaluable contribution to the Group during his tenure."
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Prior to becoming chairman of ENRC in August 2009, Dr Sittard was Chief Executive Officer of the group.
"In thanking Dr Sittard for his stewardship over the past decade, it is a fact that he leaves a company with excellent assets, talented teams and great optionality in a sector which increasingly rewards those attributes," his successor, Mehmet Dalman said.
Shares in ENRC were up 17.00p, +2.41%, in the afternoon at 722p, on a day when the mining sector as a whole was up 1.1%.
jh
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
