Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY, Polyus Gold or "the
Company"), the largest gold producer in Russia, announces today that it has received notice
from its Chief Financial Officer, Mr. Oleg Ignatov, that he wishes to resign from his
position as CFO in order to pursue other activities.
Mr. Mikhail Stiskin, who is currently Deputy CEO for Strategy and Corporate
Development, will be appointed Chief Financial Officer of Polyus Gold, as of 27 March
2014. Mr. Ignatov will continue in his role as CFO of the Company for the handover period.
Mikhail Stiskin joined Polyus Gold in 2013 following a highly successful career in
investment banking. Prior to joining the Company, he was Managing director at Sberbank
CIB (until 2011 known as Troika Dialog where Mikhail was also a partner), a corporate and
investment banking arm of Sberbank, Russia's largest financial institution, where Mikhail
was in charge of research coverage of the metals and mining/fertilizer sectors. For many
years Mikhail's team rated as best in the sector within both the CIS and EMEA regions and
was involved in a number of landmark transactions. Mr. Stiskin graduated with honours
from the Moscow State Institute of International Relations with a degree in economics and
holds a master's degree in economics from the University of Michigan (Ann Arbor).
Mr. Stiskin will retain his responsibilities for managing the strategy, corporate development
and investment functions which will be merged with the Finance Department creating a