Ukraine-focused mining company Ferrexpo said Tuesday that Jim North will step down as chief executive officer effective June 30 after nine years with the group to pursue other opportunities.
The group said that Lucio Genovese, Chairman of the Board of Directors, will act as Executive Chairman on an interim basis and will take over the company from July 1.
This change comes as Ferrexpo had to cut production in Ukraine due to its conflict with Russia has led to serious logistical restrictions and damage to Ukraine's electrical infrastructure.
Ferrexpo also announced that CFO Mykola Kladiev will become the group's chief executive from May 25, when the AGM ends.
