JKX appoints new directors
JKX Oil&Gas Plc with assets in Ukraine and Russia has announced that Hans Jochum Horn and Andrey Shtyrba have been appointed as independent non-executive directors with immediate effect.
The company said on the London Stock Exchange (LSE) on Wednesday, that Horn, whose previous Board positions have included Uralkali and Eurochem, becomes Chairman of the board.
Shtyrba is currently CEO of Stevedores Yamal LLP. Before that he was a Managing Director at Alfa Capital Partners.
The company said that the board currently consists of Horn, Vladimir Tatarchuk and Shtyrba. Tatarchuk is the founder of Proxima Capital Group (PCG), the second largest shareholder in JKX with 19.92% of the share capital.
Further to the earlier announcement of July 31, 2017, Paul Ostling, Alan Bigman and Bernie Sucher left the board effective October 24, 2017.
The Audit Committee will consist of Shtyrba (Chairman) and Horn.
Victor Gladun remains acting CEO.
"There is an active search process underway to complete the formation of the board to be compliant with the UK Corporate Governance Code," the company said.
Horn, incoming Chairman, said: "This is a business with significant potential. As Chairman my immediate priority will be to complete the board and establish a leadership team that is best equipped to advance the company's business interests and realise that potential."