Carl Hughes had said it was his duty to remain at company part-owned by oligarch Oleg Deripaska
The former Deloitte partner Carl Hughes has resigned from the board of En+, the mining company part-owned by the sanctioned Russian oligarch Oleg Deripaska, weeks after defending his decision to remain in the post following Vladimir Putin’s invasion of Ukraine.
Hughes, who has served as an independent director of the London-listed company since 2019 and chairs the audit and risk committee, said last month it was his “fiduciary duty” to stay on. The members of En+ board split $7m (£5.3m) in remuneration in 2020, according to the company’s annual report published last year.