Change at the top at ENRC

Feb 03, 2012

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Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), has named Mehmet Dalman as its new Chairman after the abrupt and immediate departure of the previous occupant of the big chair, Dr Johannes Sittard.

In a brief statement the ENRC board paid a short tribute to Dr Sittard, expressing its gratitude for his "leadership, expertise and invaluable contribution to the Group during his tenure."

As well as giving up the chair, Dr Sittard will cease to be a non-executive director of ENRC.

Prior to becoming chairman of ENRC in August 2009, Dr Sittard was Chief Executive Officer of the group.

"In thanking Dr Sittard for his stewardship over the past decade, it is a fact that he leaves a company with excellent assets, talented teams and great optionality in a sector which increasingly rewards those attributes," his successor, Mehmet Dalman said.

Shares in ENRC were up 17.00p, +2.41%, in the afternoon at 722p, on a day when the mining sector as a whole was up 1.1%.

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