Kazakhstan Kagazy PLC / Directorate change
22.04.2013 15:52
Dissemination of a UK Regulatory Announcement, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
April 22, 2013
KAZAKHSTAN KAGAZY PLC ANNOUNCES: NEW CEO OF KAZAKHSTAN KAGAZY JSC IS
APPOINTED
Almaty, Kazakhstan - Kazakhstan Kagazy PLC ('Kagazy' or the 'Group')
announces that Tomas Mateos Werner has been appointed as new CEO of
Kazakhstan Kagazy JSC, the Kazakh holding company of the Group.
He takes over from Taissiya Kogutyuk, who remains as the Deputy CEO.
Tomas Mateos Werner will step down as joint-Chairman at Kazakhstan Kagazy
JSC and Kazakhstan Kagazy PLC; John Khabbaz will become the sole Chairman
of the Group.
John Khabbaz, Chairman of the Group commented:
'Tomas has been a very active Chairman for the past three years and this
was a logical progression to his involvement in the company. He has been
instrumental in delivering strong operational results in the last three
years for Kagazy Group and he will now focus the business on the execution
of company's growth plans. Under his leadership Kagazy Group will undergo
an ambitious plan to invest in personnel, processes and technical
infrastructure that will drive change and revenue expansion.'
Tomas Mateos Werner is with 29,9% the biggest shareholder in Kazakhstan
Kagazy PLC. In the past he has held senior positions at BBVA, Deutsche
Bank, Merrill Lynch and HSBC. He is a MBA Graduate from Columbia Business
School (USA), London Business School (UK), a Master from the Hochschule St
Gallen (Switzerland), a Graduate in Law from UIB (Spain) and a Registered
European Lawyer (UK).
For more information please contact:
Mr. Sadyr Shaguzhayev
Head of Investor Relations
T: +7 727 244 02 08
E: ir@kagazy.kz
www.kazakhstankagazy.com
About Kazakhstan Kagazy
Kazakhstan Kagazy is a leading industrial group in Kazakhstan listed on the
London Stock Exchange.
The group is the largest recycler and producer of paper and packaging in
Kazakhstan and Central Asia. Kazakhstan Kagazy's subsidiary firm Kagazy
Recycling collects and recycles more than 50,000 ton of waste paper every
year. The company operates its own paper manufacturing facilities and has
twenty waste paper collection points operating nation-wide.
Kagazy Recycling has more than ten years of experience and was included in
the top 15 list of leading manufacturing companies of Kazakhstan in 2011.
Kazakhstan Kagazy is also one of the leading logistics operators in
Kazakhstan and Central Asia, providing integrated logistics solutions and
industrial real estate development. Logistics business is operated through
PEAK Logistics LLP, which manages over 100,000 sq.m. of Class A and B
warehouse space and owns the largest container terminal in the region. The
company provides integrated logistics solutions, warehousing and
distribution. PEAK Logistics is also one of the largest industrial real
estate developers with its own land bank of over 700 hectares.
22.04.2013 EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------------
Language: English
Company: Kazakhstan Kagazy PLC
33-37 Athol Street
IM1 1LB Douglas
Isle of Man
Phone: +7-727-244-87-87
Fax: +7-727-244-87-82
E-mail: ir@kagazy.kz
Internet: www.kazakhstankagazy.com
ISIN: US48667M2035
Listed: London
Category Code: BOA
LSE Ticker: KAG
Sequence Number: 1418
Time of Receipt: Apr 22, 2013 15:52:03
End of Announcement EquityStory.RS, LLC News-Service
=--------------------------------------------------------------------------
(END) Dow Jones Newswires
April 22, 2013 09:52 ET (13:52 GMT)
© 2013 Dow Jones News
