Kerimov's representatives join Polyus Gold board
Mon May 18, 2009 3:55am EDT
MOSCOW, May 18 (Reuters) - Four people representing billionaire Suleiman Kerimov have been elected members of a nine-strong board of Russia's largest gold producer Polyus Gold (PLZL.MM) (PLZLq.L), Polyus said on Monday.
Last month, sources told Reuters that Kerimov had bought a 37 percent stake in Polyus from tycoon Vladimir Potanin. The deal has yet to be approved by regulators.
The board includes another co-owner of Polyus, billionaire Mikhail Prokhorov, and two of his representatives, as well as Polyus CEO Yegeny Ivanov and an independent director.
Prokhorov remains board chairman. The election of the new chairman will take place at the first meeting of the board, a Polyus spokesman said, without giving the date of the meeting. (Reporting by Polina Devitt; Writing by Aleksandras Budrys; Editing by Erica Billingham)
