OREANDA-NEWS. OJSC Polyus Gold (RTS, MICEX and LSE – PLZL), Russia’s leading gold producer, announced the decisions taken at  the Meeting of the Board of Directors held on May 27, 2009, reported the press-centre of Polyus Gold.

Mikhail Prokhorov was elected Chairman of the Board.

Alexander Мosionzhik – Deputy Chairman of the Board.

The Board also elected the members of the Board’s committees:

Audit Committee - Lord Patrick Gillford (Сhairman), Andrey Rodionov, Ekaterina Salnikova.

Strategy Committee - Mikhail Prokhorov (Сhairman), Evgeny Ivanov, Alexander Мosionzhik.

Staff  and Remuneration Committee - Zumrud Rustamova (Сhairman), Pavel Grachev, Ekaterina Salnikova.

The Board of Directors also noted the report on the Audit of Technical and Operational Aspects at Olimpiada Mine and Production Facilities conducted by Hatch. As a result of the Audit initiated by the Board, Hatch developed recommendations to increase the efficiency of Olimpiada mine.