Zoltav: Appoints Lea Verny as Non-Executive Director

Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as a non-executive director of the Company.

Ms Verny joins the board as an independent non-executive director and brings to the Company significant and high level corporate finance experience, with particular expertise in Russia.

Since 2008, Ms Verny has acted as an independent financial adviser on cross-border transactions. Prior to becoming an independent consultant, Ms Verny served as a private banker with Banque Pictet, Switzerland, where she was responsible for developing the bank’s activities in Russia, following a career of more than a decade with HSBC. From 2001 to 2007, Ms Verny was Head of Investment Banking for HSBC Bank plc in Moscow, during which time she advised on structured transactions for large Russian and CIS corporations including Lukoil, Rostelekom, Eastern Oil Company and Rosbank. Between 1997 and 2001, Ms Verny was a representative of HSBC Investment Bank plc in Russia, where she was responsible for establishing the bank’s presence in the country and developing opportunities specifically within the oil and gas sector. Ms Verny holds a Bachelor’s degree in Statistics and International Relations from the Hebrew University in Jerusalem as well as an MBA from INSEAD in France.

Marcus Rhodes, Non-executive Chairman, commented:

“We are delighted to welcome Lea Verny to the board. She has both relevant and high level experience within our country and sector of operation and we look forward to her contribution to the ongoing development of Zoltav’s prospects.”