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Kazakhstan Kagazy Names Bech New CFO

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Kazakhstan Kagazy Group, Kazakhstan, has appointed Poul Bech CFO, succeeding outgoing CFO Aida Yelgeldiyeva, who will remain in the Group as advisor to the CEO. Bech becomes CFO effective immediately.

Kagazy Recycling LLP, a subsidiary of Kazakhstan Kagazy, is the largest manufacturer of paper, board, and corrugated packaging in Kazakhstan and Central Asia. The company has a regional market share of more than 50%.

"Poul brings strong skills and experience to the role as we aim towards strengthening and expanding the business," said Tomas Mateos, the Group’s CEO. "He has significant financial and operational management expertise that will be essential in the execution of the Group’s growth plans."

Bech spent his early career at Coopers and Lybrand as an auditor and then progressed to senior financial and operation roles at Carlsberg. His first role in Kazakhstan was as finance director for Maersk. He then worked as CFO of United Cement. His most recent position was as CFO of Visor Holding, a Kazakh private equity group.

"I’m excited to step into this role and look forward to working closely with investors and shareholders," Bech said. "Aida has developed a strong finance team, and I plan to continue to execute on the company’s strong discipline around costs and focus on shareholder value."


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