YEREVAN. – Former Armenian PM Armen Sarkissian has resigned from his position as a non-executive director of the Lydian International LTD.

The statement posted on company’s website says he resigned “in view of his pending appointment to public office.”

As reported earlier, Armen Sarkissian has been appointed as an Armenian Ambassador to UK.

Lydian International was granted the right to explore Amulsar gold mine.

The Company’s significant shareholders include the International Finance Corporation which is a member of the World Bank Group and the European Bank for Reconstruction and Development Armen Sarkissian was appointed member of the board and non-executive director in March.