Polymetal shuffles some management roles

Polymetal International announced some changes to its executive management team on Monday, with Maxim Nazimok to assume the role of chief financial officer as of January 23.

The FTSE 250 company said his responsibilities will include financial reporting, corporate finance, M&A execution, investor relations, risk management, treasury, and tax.

Nazimok joined Polymetal in 2011 as chief financial controller and was promoted to finance director in 2015.

It said he started his career at PricewaterhouseCoopers, before working at MDM Bank and Nomos Bank.

Polymetal added that Sergey Cherkashin was stepping into the newly-created position of executive vice president - business performance.

It said his scope of responsibilities will encompass operating cost control, organizational effectiveness, information technology, continuous improvement initiatives, and investment project analysis.

Cherkashin was appointed CFO of Polymetal in 2005, before which he worked in a CFO position in several companies and was employed by AT Kearney as business efficiency consultant.

“Changes in Polymetal's management team underscore our continued focus on both best-practice finance function and the need to drive continuous improvement across the business”, said group CEO Vitaly Nesis.

“Maxim's and Sergey's experience and education represent excellent fit to address these dual challenges.”