OREANDA-NEWS. At their AGM on Friday, October 26, shareholders of Poltava Iron Ore took several decisions in regard to the restructuring following the IPO of its parent Ferrexpo in June, Concorde Capital reports. Shareholders voted to decrease the charter fund of daughter company Ferrotrans to USD 9.3 mln, a technical move connected with transferring the production item to Poltava Iron Ore’s balance sheet. In connection with the transfer of the Financial Director Nikolay Goroshko to the same post at Ferrexpo, he was divested of the title of Executive CEO of the company and became a member of the supervisory board. Nikolay Klavdiev, who had been the head of the company’s audit commission, was appointed to the post of Executive CEO. Shareholders also appointed Jeffrey Peter Eyre, representative of Ferrexpo, new audit commission head.