MOSCOW, May 14 (RIA Novosti) - Pavel Skitovich, a board member of the Interros holding company, was appointed Monday chief executive officer of the Polyus Zoloto [RTS: PLZL] gold producer.
Sitkovich will take over from Yevgeny Ivanov May 29, 2007.
Ivanov said in April he intended to resign to lead a new project.
Polyus Zoloto accounts for around 20% of national gold output. In 2004 output was around 34 metric tons (1 million troy ounces), and is expected to rise to about 100 tons (3 million troy ounces) per year by 2010, making it one of the world's top five producers of the precious metal.
The company's assets include gold deposits in Siberia's Krasnoyarsk Territory, Irkutsk Region and Republic of Sakha (Yakutia), and the Magadan Region.
Interros is one of Polyus Zoloto's principal shareholders.
