20th Jan 2017 08:55
LONDON (Alliance News) - Sterling Energy PLC on Friday said it has appointed Michael Kroupeev as non-executive chairman.
Kroupeev joined the group as a non-executive director in May. He has over 20 years' experience working within the exploration and production sector, according to Sterling.
The company also appointed Leo Koot as a senior independent non-executive director and Ilya Belyaev as a non-executive director.
Koot has over 28 years' experience in the energy sector, beginning his career with Shell International, owned by Royal Dutch Shell PLC. Belyaev spent over eight years in investment banking at JPMorgan and Barclays Capital, part of Barclays PLC, in London and Moscow.
"Michael transitioning to the chairman's role will help further align our business strategy, operational focus and aspirations to those of the shareholders. Ilya will no doubt bring a refreshing perspective to the business and we will endeavour to leverage his financial and entrepreneurial experience. I am also delighted that Leo will be joining the board; he will bring deep and broad ranging business development, financial and engineering expertise to help move the company forward," Chief Executive Eskil Jersing said in a statement.
"Collectively, I expect these appointments will ensure continued focus on managing our asset base, in parallel to successfully executing M&A led activities to transform the company in the near term," Jersing added.
Shares in Sterling were trading up 2.9% at 17.50 pence on Friday.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
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