Volga Gas plc is pleased to announce a new Board appointment and further directorate changes.

Mikhail Ivanov has advised the Board of the Company that after 9 years of service as Chief Executive Officer of Volga Gas he wishes to relinquish his current position for personal reasons. However, at the request of the Board, Mr. Ivanov is to remain a director of the Company and will become non-executive Chairman of Volga Gas at the conclusion of the next Annual General Meeting on 5 June 2015. Aleksey Kalinin, the current Chairman of Volga Gas, will move to become a non-executive director of the Company.

To succeed Mr. Ivanov, after a careful search process and interviews with several highly qualified individuals, the Board is pleased to announce the appointment of Mr. Andrey Zozulya as new Chief Executive Officer of Volga Gas.

Mr. Zozulya, aged 43, is a Russian citizen and has over 20 years' experience in the oil sector in Russia both with major oil and oil service companies, including over 10 years with Schlumberger. He also has experience of operating in the Saratov region in which Volga Gas' operations are based. He has a degree in Geophysics and Engineering from the Groznensky Oil & Gas Institute and is a member of the Society of Petroleum Engineers.

Tags: Volga Gas Plc