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.…
