Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
ERG Board of Managers Announcement
Eurasian Resources Group today announced that it has extended the term of the employment agreements with the Chief Executive Officer of ERG S.à r.l., Mr Benedikt Sobotka, and the Chairman of Eurasian Group LLP Management Board, Kazakhstan, Mr Aldiyar Kaztayev, by another three years through 2019, with an option to extend by a further two years until 2021.
“The Board of Managers of Eurasian Resources Group is delighted that Mr Sobotka and Mr Kaztayev have agreed to extend their employment agreements for up to five years and has unanimously voted in favour of this extension,” said Mr Alexander Machkevitch, the Board's Chairman. “Since taking over management of the Company in early 2014, we have successfully transformed the Group to concentrate our efforts on sustainable performance and stable development in a difficult market environment.”
Over the coming years Mr Sobotka and Mr Kaztayev will work together closely to implement the Group's ambitious growth strategy. Mr Sobotka will continue to focus on capturing growth opportunities within and outside ERG's portfolio of international assets together with our partners in Africa, Brazil and Asia, and Mr Kaztayev will take on more Group business responsibilities and corporate processes to continue the roll-out of industry leading sustainable development practices.
"We believe that ERG is very fortunate to have Mr Sobotka and Mr Kaztayev work for the Group as we move forward with our strategy that positions Eurasian Resources Group for sustainable success far into the future,” - Mr Machkevitch added.