REG - Petroneft Resources - Board Changes

Petroneft ResourcesAnnouncement

21/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221021:nRSU6392Da&default-theme=true

RNS Number : 6392D  Petroneft Resources PLC  21 October 2022

PetroNeft Resources plc

21(st) Oct 2022

 

PetroNeft Resources plc ('PetroNeft' or 'the Company')

 

Board Changes

 

PetroNeft (AIM: PTR) an oil & gas exploration and production company,
operating in the Tomsk Oblast, Russian Federation, 90% owner and operator of
Licence 67 and 50% owner and operator of Licence 61, announces the following
board changes:

Key Points

·    Alastair D. McBain has resigned as Non-Executive Chairman of the
board with immediate effect.

·    Pavel Tetyakov has been appointed as Chief Executive officer and
David C Sturt has taken up the role of Executive Chairman.

Alastair was appointed to the PetroNeft board initially as Non-Executive
Director on 31(st) January 2021 and then assumed the role of Chairman on
21(st) February 2021.

Through these challenging times the board has decided to provide continuity to
the management of the Company. Pavel Tetyakov who has been an Executive
Director and Senior Vice President of New Business will assume the role of
Chief Executive Officer and David Sturt, formerly Chief Executive Officer will
assume the role of Executive Chairman with immediate effect.

David Sturt, Chairman of PetroNeft Resources plc, commented:

"I want to thank Alastair for his leadership, vision & guidance which
was greatly appreciated. I wish him well in his future endeavours.I together
with the other members of the board, look forward to working with Pavel in
leading the management of the Company through these most difficult times."

 

For further information, contact:

 Pavel Tetyakov, CEO, PetroNeft Resources plc          +353 1 647 0280
 Brian Garrahy/Ciara O'Mongain, Davy (NOMAD and Joint  +353 1 679 6363
 Broker)
 Paul O'Kane, Murray Consultants                       +353 1 498 0300

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABKKBDDBDBKKB