Volga Gas: Directorate Changes
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that Stewart Dickson and Andrei Yakovlev have been appointed as independent non-executive directors of the Company with immediate effect.
Mr Dickson has significant corporate and commercial experience across the natural resources and financial services sectors. He is currently Chief Executive Officer of ASX listed Variscan Mines Limited and is a non-executive director of LSE listed Trans-Siberian Gold plc. He previously worked as a corporate finance director for over ten years, advising on equity capital markets and M&A in the mining and oil sectors, working at Daniel Stewart & Co, Seymour Pierce and latterly at Cantor Fitzgerald Europe. Prior to his finance career, he served as an officer in the British Army.
Dr. Yakovlev is a City lawyer with 25 years of experience with leading international law firms in corporate finance, M&A, corporate governance and dispute resolution in the areas of foreign investment, M&A, joint ventures and fraud. He is qualified in law in Russia, New York and England. He is currently a partner at King & Wood Mallesons, having joined his present firm in 2014. He has dual Russian and British citizenship.
The Company also announces that Mr Vladimir Koshcheev, who has served as a non-executive director of since 2007, has decided to retire from the Board at the Company’s next Annual General Meeting.
Mikhail Ivanov, Chairman of Volga Gas said “I am delighted to welcome these two highly qualified individuals to the Board and look forward to working with them to ensure good corporate governance and strategic leadership in the interest of all shareholders. I would also like to express my personal thanks and appreciation to the support and advice I and Volga Gas have received from Vladimir Koshcheev for these many years.”
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
