Kazakhstan Kagazy names Vitaliy Podolskiy a non-executive director of its board of directors; he will also chair company's audit and finance committee

ALMATY, Kazakhstan , February 5, 2014 (press release) – Kazakhstan Kagazy is pleased to announce that Vitaliy Podolskiy has joined the company’s board of directors as a non-executive director. Mr Podolskiy will also chair KKPLC’s Audit & Finance Committee.

Vitaliy Podolskiy has a wealth of executive and professional experience, having previously worked for over six years as Group CFO of X5 Retail Group N.V., Russia’s largest retail chain. While in this position he was awarded ‘Best Retail CFO’ by the Russian Management Association for five consecutive years. Mr Podolskiy has also held senior executive positions at companies including AT Kearney and Bankers Trust in New York, Ford Motors in Germany and Euroset in Russia. He has an MBA from the University of Chicago.
Mr Podolskiy currently serves on the board of two other publicly-listed companies: he is a director of OAO “Cherkizovo Group”, the leading Russian public vertically-integrated agro-industrial company (LSE-listed), and he is also the chairman of the Supply Chain Management Committee and non-executive board director of OAO “Rosinter Restaurants”, Eastern Europe’s largest public restaurant chain.

Vitaliy commented on his appointment: “I am very excited about Kazakhstan’s market, which has tremendous track record and growth opportunities and I am confident that Kazakhstan Kagazy, which is going successfully through a difficult restructuring, is ideally positioned to capitalize on them and reinforce its regional leadership in recycling and paper production”.

Kazakhstan Kagazy’s chairman, Sir Tony Baldry, commented: “It is with pleasure that I welcome Vitaliy to the board – his experience and skills will bring a great deal to the company. Kagazy has excellent growth prospects over the coming years. My fellow directors and I look forward to achieving this potential”.
KKPLC’s CEO, Tomas Mateos Werner, added: “With the addition of Vitaliy and our new CFO, we now have very strong financial leadership in place at KK Group. I am excited about working together to implement our growth plans.”

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