Kazakhstan Kagazy PLC (“Group” or “Kagazy”) announces that two new Directors were appointed to the Board.
At the meeting held on 30 November 2011 the Board of Directors of Kazakhstan Kagazy PLC appointed Mr. John Khabbaz and Mr. Martin Quirke as non-executive directors with immediate effect.
Mr Martin Quirke was until recently the CEO of Bakcell, a leading mobile operator in Azerbajan. He has held several board, executive and operational roles in the telecommunication industry for Cable&Wireless, in Kazakhstan, Thailand, Vietnam, China and Russia. He served as the President of the American Chamber of Commerce in Kazakhstan from 2002 to 2006.
Mr John Khabbaz is a Managing Director of Witter International, a New York based asset manager, and Fund Manager of the Phoenician Capital LLC, a Global Value Fund part of Witter Group of Funds. He was the Founder and CEO of International Cotton, a major manufacturer of private-label knitwear products which he successfully sold in 2003. Mr Khabbaz holds an M.B.A. in Finance from Columbia Business School of New York, USA, and a Bachelor of Commerce degree from McGill University of Montreal, Canada.
Mr Tomas Mateos Werner, Chairman of the Board, commented: “I welcome Martin and John to our Board. They will assist us in strengthening the operational and financial capabilities of the Group to continue delivering good results.”
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For additional data, please visit www.kazakhstankagazy.com or contact:
Mr. Sadyr Shaguzhayev +7 727 244 02 08
Head of Investor Relations
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Elena Dobson, + 44 207 861 31 47
Pelham Bell Pottinger
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