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Eurasian Natural Resources Corporation (ENRC) general counsel Randal Barker has resigned from his position as boardroom turmoil rages over the mining company’s corporate governance.
Barker joined the company, whose mining assets are mainly in Kazakhstan, as London-based general counsel and company secretary in 2008. He previously worked as group legal director and group company secretary of insurance company Resolution, leaving the company when it was taken over by Pearl Group (1 September 2008).
His departure comes after two of the company’s non-executive directors, Sir Richard Sykes and Ken Olisa, were removed by a shareholder vote last week.
The company has promised a review of its corporate governance after former directors slammed the company’s current regime, claiming its founding shareholders, including billionaire Alexander Mashkevich, were exercising improper influence on the board.
Barker, who is dual-qualified in the UK and US, is understood to have been responsible for all of the FTSE100 company’s legal affairs.
He formerly worked at Hogan Lovells legacy firm Lovells as a counsel advising on cross-border corporate transactions before being hired by GE Mortgage Insurance to set up its first in-house legal department.
He joined Resolution as its first-ever head of legal in 2005, four months after it was created through a merger between Britannia Group and Resolution Life (19 December 2005).
Barker declined to comment on his resignation when contacted by The Lawyer.