Board – CIS

All the latest movements and new board appointments from across CIS countries (Russia, Belarus, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, Turkmenistan)

Ruspetro announces important changes in its Board

– UK, London / RUSSIA, Moscow – Ruspetro plc (LSE: RPO) today announces a number of important changes:

  • With immediate effect Tom Reed, current CFO, appointed acting CEO in place of Don Wolcott who has now left the Company
  • Current Chairman Chris Clark to step down at the end of July, replaced by Alexander Chistyakov as Executive Chairman
  • Joe Mach, a Non-Executive Director, steps down with immediate effect
  • Board remains independent by majority and it is planned to further augment its independence in the near future
  • Makayla Investments Limited extends maturity of its shareholder loan to May 2015
  • Limolines Transport Limited agrees in principle to extend its shareholder loan to May 2018
  • Perella Weinberg Partners and Bank of America Merrill Lynch have been appointed to advise on the strategic review process now underway

Tom Reed, Chief Financial Officer and a Director of Ruspetro, has been appointed acting Chief Executive Officer.…