Regal Petroleum PLC Management Appointments (4302B)
07 June 2019 - 12:18AM
UK Regulatory
TIDMRPT
RNS Number : 4302B
Regal Petroleum PLC
06 June 2019
6 June 2019
Regal Petroleum plc
("Regal" or the "Company")
Management Appointments
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas
exploration and production group, is pleased to announce the
following changes to the management of the Company.
Mr Bruce Burrows, who is currently a Non-Executive Director of
the Company, has been appointed as Finance Director of the Company.
This appointment is an executive role and is effective from 5 June
2019. Mr Burrows has extensive experience in financial management
in the oil and gas industry, and in particular in Ukraine and
Eastern Europe, having been Finance Director of JKX Oil & Gas
plc for 14 years until 2011. Since then, he has held similar senior
financial management roles with AITEO Group, Lekoil and Seven
Energy international. He is a member of the Institute of Chartered
Accountants of Australia & New Zealand, and has a BSc Honours
from Canterbury University (New Zealand) and a Diploma in
Accounting from Victoria University (New Zealand).
Mr Oleksiy Zayets, who joined the Company in an interim capacity
last year, has been appointed as Chief Financial Officer of the
Company's Ukrainian operations, based in Kiev, Ukraine. Mr Zayets
is an experienced financial management executive, having held
senior financial management roles within the DTEK Holdings Group,
including as Chief Financial Officer of a gas production company
and a heat and power generation company. He is a Certified
Accounting Practitioner, and has a BA Heat and Power Engineering
from the Donetsk National Technical University (Ukraine), a Master
of Management Diploma from the Donetsk State Academy of Management
(Ukraine) and an MBA from the National University of Kiev-Mohyla
Academy (Ukraine).
Sergii Glazunov, Chief Executive Officer, said: "I am pleased to
welcome both Bruce and Oleksiy to the executive management of the
Regal. With the excellent progress in the development of our gas
and condensate fields in Ukraine, and the significant growth in our
revenues and cash flows, we are very pleased to strengthen the
financial management within our business with executives of the
calibre of Bruce and Oleksiy."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Regal Petroleum plc Tel: 020 3427 3550
Chris Hopkinson, Chairman
Sergii Glazunov, CEO
Strand Hanson Limited Tel: 020 7409 3494
Rory Murphy / Richard Tulloch
Citigate Dewe Rogerson Tel: 020 7638 9571
Nick Hayns / Elizabeth Kittle
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 or visit www.rns.com.
END
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