Polymetal chairman stands down amid ongoing Russia-Ukraine conflict
Anglo-Russian precious metals outfit Polymetal International announced a series of departures from its boardroom early on Monday as the company continues to struggle.
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Polymetal revealed that chairman Ian Cockerill will be stepping down from the board after almost three years in the job, with immediate effect, while non-executive directors Ollie Oliveira, Tracey Kerr, Italia Boninelli, Victor Flores, and Andrea Abt will also stand down from the firm's board.
Shares in the FTSE 100-listed firm have recently tumbled as much as 80% as both the beleaguered Russian gold miner and steelmaker Evraz struggled amid sanctions against Moscow.