Kazatomprom Chairman and CEO, Askar Zhumagaliev appointed Riaz Rizvi as Chief Commercial Director of the national atomic company.
Mr. Rizvi brings a unique background and experience in trading and marketing commodities, not only in uranium but across the entire energy commodity spectrum. Leveraging his experience gained in leadership roles at AEP, Constellation Energy, Nufcor and NuCap, Riaz will help drive Kazatomprom’s key commercial initiatives.
Statement of Kazatomprom CEO Askar Zhumagaliev:
I am delighted to announce Riaz Rizvi’s appointment as Kazatomprom’s Chief Commercial Officer and I express my confidence that Mr. Rizvi will help us to achieve our goals. Kazatomprom is the largest uranium producer in the world, with mining assets and operations in the lowest quartile cost of production, and benefiting from amongst the largest reserves of any company in the uranium sector.
Our vision is now is to leverage these core strengths to bring the best value proposition to our customers in order to establish Kazatomprom as the partner and supplier of choice to the global nuclear energy industry.
We recognize that these are highly competitive times in the uranium market, and we are committed to maintaining a leadership role in the industry. This requires us to continuously evolve and develop our commercial capabilities; drive down costs, improve efficiency, and add value to our customers.
Mr. Rizvi’s responsibilities will include setting the overall direction for all Kazatomprom sales and markeing activities, driving the commercial strategy for our newly established Swiss subsidiary Trading House Kazakatom (THK), overseeing the implementation of our Transformation Program, leading the expansion of our market share in all key markets and working with the industry to bring liquidity and innovation to the nuclear fuel sector.