# Ferrexpo release statement on Group CEO Kostyantin Zhevago

- Link: https://www.directorstalkinterviews.com/ferrexpo-release-statement-on-group-ceo-kostyantin-zhevago/412795381
- Published: 2019-10-14T07:28:08+01:00
- Author: Amilia Stone

The Board of **Ferrexpo** (LON:FXPO) has noted recent headlines with regards to 
the Group’s CEO and majority shareholder, Kostyantin Zhevago. The Board is closely
monitoring the situation and will take any actions that are needed in the interests
of all shareholders and the Company.

Meanwhile, the Board has been informed that Mr Zhevago has not been served with 
any legal notice and Mr Zhevago strongly denies any allegations of wrongdoing.

**Notes**:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has
been mining, processing and selling high quality iron ore pellets to the global 
steel industry for 40 years. Ferrexpo’s resource base is one of the largest iron
ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets,
a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets
to the global steel industry with a market share of approximately 8%. Ferrexpo has
a diversified customer base supplying steel mills in Austria, Germany, Japan, South
Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America.
Ferrexpo has a premium listing on the main market of the London Stock Exchange under
the ticker FXPO. For further information, please visit www.ferrexpo. 

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