15th Jun 2009 16:43
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
Directorate Change
Urals Energy, an independent oil exploration and production company today announces the appointment of Vasiliy Sechin as an independent non-executive director to the Board.
Mr Sechin has higher military education and from 1987 until 1996 served in national security and was responsible for monitoring the oil and gas industry in Tyumen region. After that he was a Finance Director of "Tyumen Engines" (Tyumenskie Motory) and from 1996 Chairman of ZAO ZapSibTekhProm Moscow. Mr Sechin's appointment is designed to further strengthen the Board and will assist the Company's ongoing strategy review.
As announced on 18 May the Company continues to progress in its discussions with Sberbank regarding restructuring options beyond the previously proposed asset divestiture and further announcements will be made in due course.
Vyacheslav Ivanov, Chairman and Chief Executive commented:
"I am delighted to welcome Vasiliy Sechen to the Board of Urals Energy. He has considerable industry experience and we look forward to his contribution in the short term as we continue to develop our future strategy and beyond."
15 June 2009
Enquiries:
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Pelham PR |
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Mark Antelme |
+44(0)20 7337 1505 |
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Evgeniy Chuikov |
+44(0)20 7337 1513 |
The following information is disclosed pursuant to Schedule 2(g) of the AIM Rules:
Vasiliy Vasilievich Sechin is aged 42 and has no previous names.
He has held no other directorships in the last five years.
In respect of Mr Sechin, there is no other information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.
Related Shares:
Urals Energy Plc