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03 May 2011
Yakov Polunkin Appointed as Director General of ARMZ Uranium Holding Co.
An extraordinary general meeting of shareholders of JSC Atomredmetzoloto (hereinafter – ARMZ Uranium Holding Co., ARMZ) held on 3 May, 2011 elected Yakov Polunkin as the company’s Director General. Vadim Zhivov, who held the position of ARMZ’s Director General since August 2007, will become Chairman of the JSC Atomredmetzoloto Board of Directors. He has also been appointed Advisor to the Director General of the State Corporation Rosatom.
Yakov Polunkin will focus on managing the company’s operations, developing its existing branches in Russia, and implementing strategic investment projects as well as enhancing the company’s innovation capabilities and upgrading its uranium-mining facilities.
“After closing the transaction to consolidate the controlling interest in Uranium One, I have been appointed President of the Canadian company. In this capacity, I will focus on the development of Uranium One as a global platform ensuring business growth for ARMZ Uranium Holding Co. and the State Corporation Rosatom,” says Vadim Zhivov.
Alexander Lokshin, First Deputy Director General of the State Corporation Rosatom comments, “Vadim Zhivov has turned the Company into an important player on the world uranium market, rapidly expanding its global presence. In his capacity as Chairman of JSC Atomredmetzoloto Board of Directors he will remain in charge of ARMZ’s strategic management. At the same time, Yakov Polunkin has unique experience in implementing large-scale investment projects and developing industrial production assets. I have no doubt that he will be able to fulfil these tasks effectively.”
Background Information
Vadim Zhivov
Vadim Lvovich Zhivov was born in Moscow in 1963. He graduated from Moscow Power Engineering Institute (Department of Physics) with an engineering degree in 1985. From 1985 to 2003, he held various positions with government authorities as well as in the business sector. In 2003, Mr Zhivov was appointed Deputy Director General for Corporate Development at JSC Gazprom-Media. He served as the Vice President of CJSC Kapitel from 2004 to 2006 and the First Deputy Director General of JSC Techsnabexport from 2006 to August 2007. Mr Zhivov was appointed First Deputy Director General of JSC Atomredmetzoloto in August 2007, and Director General in November 2007.
Yakov Polunkin
Yakov Polunkin was born in Moscow on September 20, 1975. In 1997, he graduated from Gubkin Russian State University of Oil and Gas with a degree in Production Engineering. He is an author of more than 20 scientific articles and inventions. Since 1999 he worked in Oil Refining Department of TNK. In 2001, he was appointed General Director of CJSC "Promkataliz" (affiliate company of TNK-BP Group of companies). In 2007, he became Head of Refining Department of JSC "TNK-BP Management" (Moscow). He was in charge of operating and investments of 5 oil refineries and represented interests of TNK-BP at JSC "Oil and Gas Company Slavneft". In September 2008, he was appointed General Director of Lisichansk Oil Refinery (CJSC "Linik", Lugansk region, Ukraine). Main tasks included increase of operations efficiency and market competitiveness. In January 2011, he was appointed First Deputy Director General - Chief Operating Officer JSC "Atomredmetzoloto".
