Polyus Gold International, the new U.K.-based holding company for Russia's biggest gold-miner, has appointed German Pikhoya as its chief executive.

Pikhoya was already the CEO of Moscow-listed Polyus Gold, part-owned by Mikhail Prokhorov, which is seeking a full London stock market listing and possible entry into the FTSE 100 index.

Polyus Gold, which is also the top gold producer in Kazakhstan, produced 1.386 million ounces of gold last year.

The company has 81.2 million ounces of proved and probably gold reserves.