Russia's aluminium company Rusal appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions.
Jean-Pierre Thomas was elected by the board as chairman with effect from January 1, 2019, Reuters reported.
Thomas, 61, has been an independent non-executive director on Rusal’s board since June. He was a managing partner at at Lazard investment bank for 15 years, leaving in 2013. He has also been a non-executive independent director on the board of French metals producer Recylex since 2009.
The previous chairman, Matthias Warnig, stepped down earlier this week after six years at the office. His resignation was a condition of the deal.
