Petroneft Resources PLC Board Changes (6392D)
October 21 2022 - 2:00AM
UK Regulatory
TIDMPTR
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:
+353 1 647
Pavel Tetyakov, CEO, PetroNeft Resources plc 0280
Brian Garrahy/Ciara O'Mongain, Davy (NOMAD and +353 1 679
Joint Broker) 6363
+353 1 498
Paul O'Kane, Murray Consultants 0300
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END
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