Exillon Energy Plc Appointment of new CEO (0611P)
23 May 2018 - 10:43PM
UK Regulatory
TIDMEXI
RNS Number : 0611P
Exillon Energy Plc
23 May 2018
Exillon Energy plc
Appointment of new CEO
23 May 2018 - Exillon Energy plc ("Exillon Energy", the
"Company" or the "Group") (EXI.LN), a London Premium listed oil
producer with assets in two oil-rich regions of Russia,
Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"),
announces that the Board of Directors has appointed Viacheslav
Nekrasov as a new director and CEO of the Company at today's
meeting.
The new CEO was recommended to the Company's Board by Seneal
International Agency Ltd, which has held a 29.99% interest in the
Company's share capital since December 2013 and is ultimately
controlled by Alexei Khotin.
The Board has carefully considered Mr. Nekrasov's substantial
experience in corporate finance and investment, including in the
oil & gas sector, and unanimously approved the appointment.
The Board also approved the resignation of the current CEO and
director, Dmitry Margelov, who is stepping down in order to pursue
other business interests. The Board noted that Mr. Margelov
demonstrated a substantial time commitment in his role as Chief
Executive Officer and director of the Company, whilst successfully
guiding the Company through a difficult trading period as a result
of prevailing market conditions, and expressed its gratitude and
commended Mr. Margelov's considerable efforts in leading the
Company over the course of his appointment.
The changes will take effect from 31 May 2018.
Biographical information:
Viacheslav Nekrasov
Mr. Nekrasov has more than 20 years of experience in corporate
finance and investment. Before joining Exillon Energy plc as CEO he
served as Project Finance Director of JSC Kompleksnye Investitsii
and was responsible for organising and managing debt and project
finance transactions in the oil & gas and real estate sectors.
Prior to this, Mr. Nekrasov held the following positions: CEO of
Agency Plus LLC, Head of Investment Development Projects of ESN
Group, Deputy CEO of FinanceConsult.
Mr. Nekrasov has a degree in Economics and Company Management
from the Higher School of Economics, National Research
University.
Media contacts:
Sergii Pershyn, EM
pershyn@em-comms.com
+1 929 855 8188
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END
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