NAC Kazatomprom announces changes in the company's management

27.09.21 15:06
/KASE, September 27, 2021/ – NAC Kazatomprom (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated September 27, 2021: quote JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces that on 24 September 2021, the Company's Board of Directors approved the following changes to the senior management team. Chief Nuclear Fuel Cycle Officer ("CNFCO") Dosbolat Sarymsakov, CNFCO and the former Director of the Nuclear Fuel Cycle Department, has been appointed as a Member of the Management Board, in alignment with the Company's management succession plan. Mr. Sarymsakov, with Kazatomprom since 2011, has more than 26 years of experience in the nuclear industry. He has contributed to the development of the nuclear fuel cycle in Kazakhstan and to the implementation of various international projects, including the construction of Kazatomprom's fuel assembly plant, and the International Atomic Energy Agency's Low-Enriched Uranium Fuel Bank project at the Ulba Metallurgical Facility. Mr. Sarymsakov brings valuable expertise to his new position, having served in numerous government and private sector roles over his career. Prior to Kazatomprom, his experience includes engineer at the Institute of Atomic Energy of the National Nuclear Center of the Republic of Kazakhstan, and manager and the Executive Director at the Non-proliferation Institute Association (later the Non-proliferation Assistance Center Association). Chief Operations Officer ("COO") Aslan Bulekbay has been appointed as COO and Member of the Company's Management Board. Mr. Bulekbay is a graduate of the Satpayev Kazakh National Technical University with a degree in Mining engineering, and he holds a Masters degree in Data Science and Machine Learning from the University of Austin, Texas' McCombs Business School. Mr. Bulekbay has more than 15 years of experience with international mining and petroleum companies, developing deposits in the Persian Gulf, implementing best practices in mining, exploration and development of mineral deposits, as well as developing mining strategies to increase profitability of deposits in Kazakhstan and the CIS, the Middle East and in Europe. He owns 14 patents registered with the United States Patent and Trademark Office (USPTO). His previous roles include inflow stimulation engineer with Halliburton Energy Services, senior lecturer at the Kazakh-British Technical University, General Director at Bulekbay Consulting, and Deputy Chair of the Management Board - Adviser to the Minister of NC Kazgeology JSC. Mr. Bulekbay has worked and consulted for several international companies, including OMV Exploration & Production (Vienna, Austria), Saudi Aramco (Saudi Arabia), and DNO Exploration and Production (Dubai, UAE). Since July 2021, Mr. Bulekbay has been an independent director and Chairman of the Board of Directors of Volkovgeology JSC, Kazatomprom's drilling and geological exploration subsidiary. Chief Strategy & Development Officer ("CSDO") Birzhan Duisembekov, the Company's former CSDO who was on educational leave, has resigned from his position. The Company thanks Mr. Duisembekov for his contribution to Kazatomprom's success. His guidance was instrumental in the realization of the Company's asset restructuring program, enhancing corporate governance and JV management processes, effective completion of the Company's major M&A transactions, and successful delivery of the Company's value strategy. Yerlan Tuleugozhin, CSDO since November 2020 (for the period of Mr. Duisembekov's educational leave), has been appointed as CSDO and Member of the Management Board, in alignment with the Company's management succession plan. Mr. Tuleugozhin, who has held various positions at several companies in the Samruk-Kazyna group over his 16-year career, joined JV KATCO LLP in 2018 as Deputy Executive Director for Finance, moving to Kazatomprom as Managing Director of Asset Management in 2019. Chief Human Resources and Communications Officer ("CHRCO") Beksultan Bekmuratov has resigned from his role of CHRCO and Member of the Company's Management Board to pursue another opportunity. The Company wishes to thank Mr. Bekmuratov for his work at Kazatomprom, where he implemented important transformation and digitalization projects, including his active participation in the deployment of SAP, and the development of the Company's HR and communications strategies. Mr. Bekmuratov guided the development of the Company's management succession plan, which has shown its effectiveness throughout the recent changes to Kazatomprom's top management positions. The position of CHRCO has been eliminated, with related responsibilities and departmental oversight being redistributed among the other members of Kazatomprom's management team. unquote The full press release is available on KASE website: - https://kase.kz/files/emitters/KZAP/kzap_reliz_270921_1.pdf – in Russian; - https://kase.kz/files/emitters/KZAP/kzap_reliz_270921_eng_1.pdf – in English. [2021-09-27]