Evraz Board’s 10 Directors Resign
Strategic Research Institute
Published on :
14 Mar, 2022, 5:05 am
The 10-strong board of directors of Evraz has resigned after sanctions were imposed on the Mr Roman Abramovich and shares in the company were suspended. Evraz announced on LSE “In light of the Financial Sanctions Notice issued by the Office of Financial Sanctions Implementation, HM Treasury, on 10 March 2022 and the suspension of the Company's shares from trading, all the EVRAZ plc non-executive directors - Alexander Abramov, Alexander Frolov, Alexander Izosimov, Deborah Gudgeon, Eugene Shvidler, Eugene Tenenbaum, Karl Gruber, Maria Gordon, Sir Michael Peat and Stephen Odell - have resigned as directors with immediate effect. Alexey Ivanov, the Company's CEO, will continue as a director.”
EVRAZ is waiting for further clarifications by OFSI.
Evraz added that “EVRAZ is deeply concerned and saddened by the Ukraine-Russia conflict and hopes that a peaceful resolution will be found soon.”
Two of the directors, Alexander Abramov and Alexander Frolov, are major Evraz shareholders alongside Abramovich.