LONDON (SHARECAST) - Sir David Cooksey is stepping down as chairman of miner Eurasian Natural Resources Corporation in order to focus on his new role chairing UK Financial Investments.
His appointment as chairman of the quango, the body controlling the government's stake in Royal Bank of Scotland and Lloyds, was announced last month.
Cooksey took up his new role on 1 August and will officially leave ENRC next Thursday, allowing him to concentrate on the “significant demands” of his new position.
ENRC chief executive Johannes Sittard becomes non-executive chairman and Sir Richard Sykes becomes non-executive deputy chairman.
Felix Vulis, who has headed up the Kazakhstan business since 2006, will now run the whole company.
“I inherit the role of group chief executive at an exciting time and ENRC, with its low-cost assets and proximity to growth markets, is very well positioned for the upturn,” he said.
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