B.S.D. Crown appoints to its Board of Directors: Oleksander Avdyeyev as a Director and Gregory Gurtovoy as Chairman

– ISRAEL, Tel-Aviv – B.S.D. Crown Ltd announces July 15th regarding change of control, the nominations of Mr Gregory Gurtovoy and Mr Oleksander Avdyeyev to the Board of Directors which took effect on 17 July 2015.

Mr Gurtovoy is also appointed as the Chairman of the company. Mr Gurtovoy is the Company’s ultimate controlling shareholder. Mr. Gurtovoy is an experienced Investment Banker who held a number of Management and Board positions with a variety of leading International, Ukrainian and Russian corporations and financial institutions and currently serves as Chairman of Supervisory Board of Platinum Bank in Ukraine and is a Managing Partner of GHP Group Investment Bank in Ukraine. He holds a degree of M.Eng from Moscow Roads & Vehicles State Technical University, M.B.A degree from Moscow University of National Economy, M.B.A degree from St. Petersburg Civil Aviation Academy and a Ph.D in Economics from National Civil Aviation University in Kiev.

Mr Oleksander Avdyeyev is an experienced legal adviser specializing in international transactions, investments and development. He is a graduate of Odessa National University. During the past 10 years, Mr. Avdyeyev was involved as a legal adviser in many cross border transactions.

In addition, the Company announces that Mr. Eyal Merdler is resigning from his position as CFO and Company Secretary with immediate effect.

Also the company announces that Mr. Emil Budilovsky who currently serves as an Executive Director and vice-president of business development of the Company is appointed as a Joint CEO along side Mr. Schneorson, CFO and Company Secretary.

With effect from the same time, the Company also announces the resignation of Mr Oleksandr Granovskyi, who was appointed as a director of the Company and as the chairman of its board of directors, on 2 April 2015, due to the change of control in the company. Mr Granovsky’s resignation shall have immediate effect.

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