25 Oct 2017 07:00
25 October 2017
JKX Oil & Gas plc
("JKX" or the "company")
Directorate Changes
JKX announces that Hans Jochum Horn and Andrey Shtyrba have been appointed as independent non-executive directors with immediate effect. Further to the earlier announcement of 31 July 2017, Paul Ostling, Alan Bigman and Bernie Sucher left the board effective 24 October 2017.
Hans Jochum Horn, whose previous Board positions have included Uralkali and Eurochem, becomes Chairman of the board.
Andrey Shtyrba is currently CEO of Stevedores Yamal LLP. Before that he was a Managing Director at Alfa Capital Partners.
The Audit Committee will consist of Andrey Shtyrba (Chairman) and Hans Jochum Horn.
Victor Gladun remains acting CEO.
The board currently consists of Hans Jochum Horn, Vladimir Tatarchuk and Andrey Shtyrba.
There is an active search process underway to complete the formation of the board to be compliant with the UK Corporate Governance Code.
Hans Jochum 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.
"I would like to put on record our thanks for the commitment that Paul Ostling, Alan Bigman and Bernie Sucher have given and the important contribution that they have made to the company over the last nearly two years."
ENDS
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Stuart Leasor, Jeroen van de Crommenacker