British MP chairs Kazakhstan company

Sir Tony Baldry has been elected new chairman of the largest Kazakhstan paper producer Kagazy Plc, Tengrinews.kz reports citing Kazakhstan Stock Exchange (KASE). Sir Baldry has been a member of the British Parliament for the last 30 years. He also worked in the governments of John Major and Margaret Thatcher for 8 years. He is not the first foreign chair in the company. The company was previously chaired by John Khabbaz. “Clearly, these are important developments in the longer-term future of Kazakhstan Kagazy… The arrival of Sir Tony Baldry is a significant one for the company, which will, undoubtedly, help us continue to build Kazakhstan Kagazy into a highly respected, world-class business,” the company’s CEO Tomas Mateos Werner said. Sir Tony Baldry said that he was glad to lead the company in such an exciting period. “I believe it has the assets and the right people in place to ensure sustained growth. I particularly look forward to working with CEO, Tomas Mateos Werner in realizing the potential of both the business and the region,” he said. The company also announced appointment of Sarosh Zaiwalla the company’s Non-Executive Director. He is a senior partner in the leading London law firm Zaiwalla & Co. Kazakhstan Kagazy is one of the leading industrial groups in Kazakhstan listed at the London Stock Exchange. Founded in 2001, Kazakhstan Kagazy is the largest producer of paper and packaging out of recycled waste paper, as well as the leading logistics operator and industrial developer in Kazakhstan and Central Asia.