KAZAKH miner ENRC yesterday announced an overhaul of its board following a three-month governance review triggered by a boardroom row, which resulted in the exit of two well-known directors.
The FTSE 100 miner, which has been subject to long-running tensions between the group’s founder shareholders and some board members, confirmed that Johannes Sittard will remain as chairman, despite calls for him to stand down.
Ken Olisa, who was voted off the board in June alongside City grandee Sir Richard Sykes, told City A.M he was “astonished” by the decision to retain Dr Sittard as chairman.
He added that the changes ignored an independent report by corporate governance experts ICSA in June, which recommended that Dr Sittard stand aside.
ENRC has also appointed Terence Wilkinson, a former director of mining group Lonmin, as non-executive, while Mehmet Dalman, an existing non-executive director, has been promoted to the role of senior independent director.
Felix Vulis will remain as chief executive and has withdrawn his request to step down from the board.