Rusal announces Chairman’s resignation
(Posted on 07/01/19)
UC Rusal, one of the world’s largest aluminium producers, has announced the resignation of Matthias Warnig, the Company’s Chairman of the Board of Directors.
After six years of successful work Matthias Warnig, independent non-executive director and Chairman of the Board of Directors of one of the world’s largest aluminum producers UC RUSAL Plc, announced his resignation as the Chairman of the Board of Directors. “I am confident that I can hand over to my successor a successfully developed company. My mission is completed,” said Mr. Warnig. “With the planned de-listing of the company from the OFAC’s SDN List, we stand in front of a new strategic development, also in the Board of Directors, therefore now is the optimal point in time for the chairmanship change.”
Matthias Warnig was appointed as a member of the Board of UC RUSAL Plc in June 2012 and has chaired the Board since October 2012. His time in office embraced a comprehensive and successful restructuring of the company confronted with many challenges. Cost structures were optimized, the debt has decreased substantially, so that after several years the shareholders could again be paid dividends. The election of the successor is planned for the next Board meeting on December 27, 2018.
“I would like to thank every staff member of the UC RUSAL, the Management and my fellow colleagues at the Board of Directors for their continuous engagement and contribution to the joined success of the Company and to wish prosperity and positive development in the future”, said Warnig.
UC Rusal is a leading, global producer of aluminium, in 2017 accounting for approximately 5.8% of global production of aluminium and 6.3% of alumina. UC RUSAL employs 62,000 people in 20 countries, across 5 continents. UC RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited). UC Rusal’s ordinary shares are listed on Moscow Exchange.
Rio Tinto chief executive J-S Jacques said “We have delivered improved production across the majority... Read more
The White House has announced a “phase one” agreement in principle with China. Under the... Read more
Russia’s largest steelmaker, NLMK Group’s flagship site, NLMK Lipetsk, has started hot testing... Read more
GrainGrowers in Australia has welcomed the Joint Standing Committee on Treaties (JSCOT) recommendation... Read more
GEM Co. Ltd (GEM) and Glencore have announce that they have entered into a five year agreement for the... Read more
Cargill has formed a new Land Use and Forest Protection Advisory Panel to accelerate progress... Read more
The United States and Japan has announced a limited trade deal that includes Japan opening its markets... Read more
The U.S. Department of Agriculture’s Agricultural Marketing Service (AMS) announced last week... Read more
Rio Tinto, one of the world’s largest iron ore producers, has signed a Memorandum of Understanding... Read more
Cargill has reported results for the fiscal 2020 first quarter ended Aug. 31, 2019. Key measures include... Read more