Former ENRC CEO Felix Vulis Breaks His Silence on Kazakhstan and Unresolved Matters With ERG

Former ENRC chief executive Felix Vulis is preparing to speak publicly about his long relationship with one of Kazakhstan’s most important industrial groups and what he describes as unresolved financial and contractual obligations involving ERG-related entities.

Vulis, who joined ENRC in 2001 and later served as chief operating officer and chief executive during the group’s transformation into a FTSE 100 company, has largely avoided discussing the dispute publicly.

In a new interview, he says that approach is changing.

“There are obligations that I believe have not been honored,” Vulis says. “My position is straightforward: commitments were made, obligations arose, and I believe those obligations should be honored.”

The interview covers ENRC’s expansion, its London Stock Exchange flotation, corporate governance, the long-running Serious Fraud Office investigation, Vulis’s relationship with Kazakhstan and his current disagreement with ERG-related entities.

A long relationship with Kazakhstan

Vulis’s tenure at ENRC coincided with a period in which the company expanded from a major Kazakhstan industrial group into a London-listed international mining and metals business. His account places that commercial history alongside a dispute he says remains unresolved.

Unresolved matters

Vulis says the disagreement concerns commitments and obligations that arose during his work with ENRC and ERG-related entities. The matter is presented as his position in the dispute.

Editor’s note: This report reflects statements attributed to Felix Vulis in the supplied interview material. ERG-related entities have not been quoted in this preview.