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Timchenko’s Gunvor Hires Deripaska’s Former Manager as Coal CEO

Gunvor Group Ltd., a trading company partly owned by billionaire Gennady Timchenko, hired Andrey Churin as head of its coal business in Russia.

Churin, former coal managing director at Oleg Deripaska’s En+Group, was made chief executive officer of the Kolmar coal business from July 3, Gunvor said in an e-mailed statement today. Gunvor and Timchenko’s Volga Resources are now closing a deal to jointly buy 60 percent in Kolmar, Anton Kurevin, a Moscow-based spokesman for Timchenko, said by e-mail.