Askar Zhumagaliyev, Chairman of Kazatomprom Management Board, appointed Riaz Rizvi as Chief Commercial Director of the National Atomic Company.

Mr. Rizvi is well experienced in trading and marketing commodities, not only in uranium but also across the entire energy commodity range. Manager’s experience gained while working for AEP, Constellation Energy, Nufcor and NuCap, will help Riaz Rizvi in implementing key commercial initiatives of Kazatomprom.

Statement of Chairman of the Management Board Askar Zhumagaliyev: 

I am delighted to announce the appointment of Riaz Rizvi as Kazatomprom Chief Commercial Officer and I express my confidence that Mr. Rizvi will help us to achieve our goals. 

Kazatomprom is the world’s largest uranium producer, with the lowest cost of production. The company is developing one of the largest uranium reserves in the world.

We strive to use these basic advantages to provide the best conditions for our customers. This will allow Kazatomprom to prove itself as a reliable partner and supplier for the entire world nuclear power industry.

We recognize that the current environment in the uranium market is very competitive, and we are committed to maintaining a leading role in the industry. This requires us to continuously evolve and develop our commercial skills: drive down costs, improve efficiency and provide additional benefits to our customers.

The job duties of Mr. Rizvi will include the issues of coordination and control of marketing and sales of Kazatomprom, promotion of the commercial strategy of the recently established Swiss subsidiary Trading House Kazakatom (THK), monitoring of the implementation of the Transformation Program, leading the expansion of our market share in all key markets and developing cooperation with the industry players to increase liquidity and innovation in the nuclear fuel sector.