# Armenak Grigoryan

General Manager, Vareš

## Career chronology

- **Issuer-reported role; Joined DPM in 2007, held processing and maintenance leadership roles, and became Vareš General Manager in March 2026.: DPM Metals Inc.** — General Manager, Vareš. [Management Team](<https://dpmmetals.com/about-us/management-team/>) (Armenak Grigoryan biography)

## Education and qualifications

### Reported qualifications [exec-14.education]

As reported by issuer · issuer reported · low materiality

Issuer reports bachelors and masters in engineering from State Engineering University of Armenia. Credentials were not independently verified with the institutions or professional registers.

**Attribution:** Responsibility not applicable. Issuer-reported qualifications, not independently verified.

**Relevance:** Experience and credentials relevant to the role.

[Management Team](<https://dpmmetals.com/about-us/management-team/>) (Named management biography)

## Environmental record

### Vareš community exposure and response [grig.vares]

2025–2026 · disputed · high materiality

Lead was detected in residents near Vareš, prompting community concern and a complaint. DPM funded testing and said it would cooperate. In October 2026 the municipality and health centre said the exposure source and a causal link to any particular industry had not been established; monitoring and analysis continued.

**Attribution:** Role overlaps event; causation unproven. Grigoryan became Vareš GM in March 2026; evidence does not establish that the mine caused exposure or personal fault.

**Relevance:** Directly relevant community and environmental oversight.

[Blood lead testing and company comments](<https://www.business-humanrights.org/en/latest-news/bosnian-town-seeks-answers-after-hundreds-test-positive-for-lead-in-their-blood-incl-co-comments/>) (Reuters report and DPM statement); [Vareš health-centre and municipality update](<https://n24.ba/vares-opcina-i-dom-zdravlja-pojasnili-rezultate-testiranja-na-olovo/>) (23 October institutional update); [Management Team](<https://dpmmetals.com/about-us/management-team/>) (Grigoryan biography)

## Suitability for the current role

### Relevant career and role [exec-14.career]

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined DPM in 2007, held processing and maintenance leadership roles, and became Vareš General Manager in March 2026.

**Attribution:** Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

**Relevance:** Context for role fit.

[2025 Annual Report](<https://dpmmetals.com/site/assets/files/18911/dpm_2025_annual_report.pdf>) (Armenak Grigoryan officer listing on p. 133); [Management Team](<https://dpmmetals.com/about-us/management-team/>) (Named management biography)

## Evidence gaps

- Independent verification of reported qualifications and professional memberships was not completed.

- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

- Vareš exposure source, health monitoring and complaint outcomes remain under investigation.