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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Evraz board resigns after sanctions imposed on Roman Abramovich

Sir Michael Peat
Sir Michael Peat, a former private secretary to Prince Charles, has resigned from the board of Evraz. Photograph: Trinity Mirror/Mirrorpix/Alamy

The 10-strong board of directors of Evraz, the steel and mining group in which Roman Abramovich controls a 29% stake, have resigned after sanctions were imposed on the Russian oligarch and shares in the company were suspended.

On Friday, the company said its 10 remaining non-executive directors – which include the former Ford executive Stephen Odell and Sir Michael Peat, a former private secretary to Prince Charles and whose family name is the p in KPMG – have now all resigned.

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