Displaying items by tag: CFO

South Africa: According to Bloomberg, vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has announced that Valery Borisov has resigned as executive director and CFO, effective immediately. Evraz Highveld Steel and Vanadium had announced in May 2015 that its business rescue practitioners (BRPs) had appointed non-executive director Andrew Phillip Maralack as its acting CFO.

South Africa: According to Bloomberg, vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium's business rescue practitioners (BRPs) have appointed non-executive director Andrew Phillip Maralack as acting CFO of the company, with immediate effect. Maralack is a qualified chartered accountant with extensive experience in finance, auditing, business turnarounds, corporate recovery, consulting, the retirement fund industry and corporate governance.

Further, a business rescue plan will now be published on 31 August 2015. In April 2015 Evraz Highveld initiated voluntary business rescue proceedings, citing an inability to meet its short-term obligations as a result of historical operating difficulties and sustained financial losses within a capital-constrained operating environment. Mazars business rescue services director Daniel Terblanche and Matuson & Associates director Piers Marsden were appointed as BRPs.