Russia-focussed gold production company Polyus Gold International has announced that Robert Buchan, Chairman of the company, will resign from the board at the conclusion of the company's 2013 annual general meeting.
The company said that Buchan had recently been appointed as President and Chief Executive Officer of Allied Nevada Gold Corp, a US-based gold mining and exploration company, in addition to his position as Executive Chairman of that company.
Polyus Gold International said that its nominations committee, which is comprised solely of independent directors, had initiated a search for a new independent Chairman of the board.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Polyus Gold International's share price was down 4.19% to 200p at 11:58 on Monday.
Trading terms: The Santa Rally
Glossary Will the Santa Rally result in its traditional December effect on global markets?
By Dr Matthew Partridge Published
Lock in high yields on savings, before they disappear
As interest rates peak, time to lock in high yields on your savings, while they are still available.
By Ruth Jackson-Kirby Published