Ferrexpo plc announced that Lucio Genovese, an existing Non-executive Director of the Company, will become Chairman of the Board in place of Steve Lucas, who will retire from the Board and step down from the role of Chairman as previously announced following the Annual General Meeting on the 28 May 2020. Mr. Genovese has had a long association with the Company and re-joined the Board in February 2019. Following a detailed search and benchmarking process led by the Nominations Committee and involving external consultants, the Board has determined that Mr. Genovese is the appropriate person to replace Mr. Lucas. Having completed this process, and having already worked with Mr. Genovese, the Board is confident he has the required skills and experience to be an effective Chairman.