Zoltav makes a number of changes to the board with effect from 31 December 2014. Symon Drake-Brockman will be stepping down as executive chairman of the board and will become a non-executive director. Alastair Ferguson (currently an executive director of Zoltav) will be appointed executive chairman and Andrey Komarov (currently a non-executive director of Zoltav) will be appointed as an executive director of the Company.

Mr Ferguson has an extensive background in oil and gas having held both technical and senior leadership roles in BP and TNK-BP during his 33 year career in the industry. Mr Komarov is a very experienced Russian oil and gas professional having held senior managerial positions with a number of major Russian energy businesses including TNK-BP, Sibneft OJSC (now Gazprom Neft) and the Moscow Oil Refinery. As an executive director of Zoltav, Mr Komarov will oversee the development planning for both the Bortovoy and Koltogor Licences.

Tags: Zoltav Resources