Mining company Ferrexpo with assets in Ukraine has reshuffled its board of directors, changing the scope of responsibility and status of some of its members, the company said in a press release on Friday.
In respect of the role of Senior Independent Director, the Board has elected to appoint Independent Non-executive Director Fiona MacAulay into this role in place of Vitalii Lisovenko, who has completed two and half years in this position.
In turn, Lisovenko will remain as an Independent Nonexecutive Director of the Group, and maintains a strong presence in Ukraine for the Board.
In addition, Independent Non-executive Director Ann-Christin Andersen has been appointed as Chair of the Group’s Health, Safety, Environment and Community (HSEC) Committee, with this change effective as of today.
According to the press release, the Board announced the appointment of Natalie Polischuk as an additional Independent Non-executive Director, increasing the Group’s Independent Non-executive Directors to five. As part of the changes announced Friday, Polischuk has been appointed as a member of both the Audit Committee and HSEC Committee.
Chairman of the Board of Directors Lucio Genovese welcomed McAulay’s appointment as Ferrexpo’s Senior Independent Director amid an uncertain backdrop of the global Covid-19 pandemic.
“As part of the rotation of roles announced today, Ann-Christin Andersen is appointed to the role of Chair of HSEC Committee, which we feel is an excellent fit given Ann-Christin’s background in renewable energy, circular economy sectors and industrial digitalisation. Finally, we are pleased to confirm the appointment of Natalie Polischuk to the Audit and HSEC Committees, who brings a wealth of experience of the Ukrainian business environment,” Genovese said, quoted in the press release.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of the shares of Poltava Mining, 100% of Yeristovo Mining and 99.9% of Belanovo Mining.
U.S. Bechtel Overseas Corporation with a price offer of UAH 5.3 billion won the competitive selection of the contractor for the construction of the first section of the Kyiv bypass road.
As reported by the State Road Agency of Ukraine (Ukravtodor) on its Facebook page on Friday, in particular, it is about the first 18-kilometer section of the upcoming bypass road from the M-07 Kyiv-Kovel-Yahodyn highway to M-06 Kyiv – Chop.
It will be a new category I-a bypass road with bridges, overpasses, green bridges for animals and a flyover. In addition, open parking lots will be built, weighing platforms in motion, noise screens and modern lighting will be installed. The construction of a modern autobahn will start after the conclusion of the contract.
Bechtel Overseas Corporation is a world leader in engineering, procurement and construction. The company was founded in 1898 and is the largest construction company in the United States with projects in 160 countries on seven continents. Bechtel has built more than 24,000 km of roads in its history.
As reported, the first stage of selecting a work contractor for the construction of the first section of the Kyiv bypass road was held among three companies: Avtomagistral-Yug LLC, U.S. Bechtel Overseas Corporation and Turkey’s Onur.
Ukraine is preparing decisions in response to the rise in world prices for oil and, accordingly, for petroleum products, First Deputy Prime Minister Yulia Svyrydenko stated.
“Now we see that oil prices are rising at a fast pace, followed by rising prices for petrol and diesel fuel in Ukraine. The government will make the necessary decisions, we are now developing a comprehensive plan to stabilize the situation,” she said during a meeting of the Congress of Local and Regional Authorities in Kharkiv.
Germany is stepping up measures to ensure the safety of its employees in Ukraine, Foreign Minister Annalena Baerbock said on Saturday, February 12. “I have decided to strengthen the measures already taken to prevent the crisis. At the moment, the Ministry of Foreign Affairs is holding a meeting with the relevant departments and security agencies to implement these decisions,” the press service of the German Foreign Ministry cited Baerbock’s words on Twitter.
British Ambassador to Ukraine Melinda Simmons announced that she is staying in Kyiv.
“I am staying in Kyiv and continue to work there with a core team. The embassy remains operational,” she said on Twitter on Saturday morning.
At the same time, the ambassador attached a message stating that British citizens who are in Ukraine “should leave Ukraine by commercial means.”
…President of Ukraine Volodymyr Zelensky says that the government understands all the risks, but believes that there is too much information in the information space regarding Russia’s invasion of Ukraine.
“I believe that at present there is too much information in the information space regarding a deep, full-scale war on the part of the Russian Federation. They even name the appropriate dates,” he said in Kherson region on Saturday.
“We understand all the risks, we understand that these risks exist,” he added.
Zelensky expressed his conviction that Ukraine should rely primarily on itself. “Count on your military and your citizens,” he said.
“And if you or anyone else has any additional information regarding a 100 percent invasion, give us this information,” the president said, addressing reporters.
Answering a journalist’s question about whether he believes in the possibility of a Russian invasion, the president notes that the dissemination of information about a possible invasion by the Russian Federation provokes panic in Ukrainian society, which plays into the hands of the enemy.
“It may happen any day, as I said earlier. From the very beginning, we did not believe in it, from the very beginning of the war in the east of our country in 2014. That is why I have to analyze all the information that we have. We have a lot of information, because we are on these borders, these are our borders, this is our territory. I have to address our people as president and tell people the truth, and the truth is that we have different information. And now the best friend for enemies is panic in our country. And all this information only provokes panic and does not help us,” Zelensky said.
Zelensky watched special exercises of the Interior Ministry units on the border with the temporarily occupied Crimea on Saturday in Kherson region.
