OREANDA-NEWS. April 28, 2014. Kazakhstan Kagazy PLC announces that Poul Bech has stepped down as CFO. In the interim and until a new permanent Group CFO is appointed, Vitaliy Podolskiy has agreed to take over as Acting Group CFO. He will remain a member of the Company’s Board of Directors and Chairman of its Audit Committee, as the company said in the press release received by Lesprom Network.

Vitaliy Podolskiy has a wealth of executive and professional experience, having previously worked for over six years as Group CFO of X5 Retail Group N.V., Russia’s largest retail chain. While in this position he was awarded ‘Best Retail CFO’ by the Russian Management Association for five consecutive years. Vitaliy has also held senior executive positions at companies including AT Kearney and Bankers Trust in New York, Ford Motors in Germany and Euroset in Russia.

Kazakhstan Kagazy PLC is the largest paper, packaging and recycling group in Kazakhstan and Central Asia.