Polymetal International plc announced that Riccardo Orcel has been appointed as an independent Non-Executive Director effective 21 March 2022. Following this appointment, the Board will consist of eight members, of which six are independent non-executive directors. Mr. Orcell will serve as the Board Chair and Mr. Konovalenko will take the role of Senior Independent Non-Executive Director.

The new composition of the Board Committees is the following - The Audit and Risk Committee: Giacomo Baizini (Chair), Steven Dashevsky, Paul J. Ostling. The Remuneration Committee: Paul J. Ostling (Chair), Evgueni Konovalenko, Janat Berdalina. The Nomination Committee: Riccardo Orcel (Chair), Evgueni Konovalenko, Giacomo Baizini.

The Safety and Sustainability Committee: Janat Berdalina (Chair), Vitaly Nesis, Riccardo Orcel, Steven Dashevsky. Mr. Orcel has almost 30 years of experience in international management and leadership roles in various investment banks. His latest position was Managing Director and Vice Chairman, Head of Global Banking at VTB Capital.