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Petropavlovsk replaces chief financial officer

LONDON-LISTED mining and exploration company Petropavlovsk has promoted Andrey Maruta to the position of chief financial officer.

Maruta, director and finance director, Russia, moves up to replace current CFO Brian Egan, who is stepping down from his role.

“Brian has done an excellent job both at Aricom and with Petropavlovsk and we will miss his input,” the company said in a statement last month.

The FTSE 250 company, previously known as Peter Hambro Mining, has seen its share price slip by more than 20% this year amid investor concerns about its debt position.

However, the company reported that output increased 60% in the first three months of the year.

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