Mhp Reg S Regulatory News (MHPC)

July 3, 2014, Kyiv, Ukraine

MHP S.A.Change in management

Today, the Presidential Adminsitration informed about the appointment of Mr Yuriy Kosyuk to the post of the First Deputy Head of the Presidential Administration.

In view of this information, the Board of Directors of MHP S.A. decided to accept Mr Yuriy Kosyuk's resignation from the position of Chief Executive Officer of MHP for the duration of his political assignment and wished him well in his new important duties.

The Board appointed Mr Yuriy Melnyk as a CEO of MHP.

Mr Melnyk was a First Deputy CEO and has been working for MHP since 2010. Mr Melnyk has considerable experience in agriculture and he is fully involved in the operations of both the Agricultural and Poultry divisions of MHP. The Board has confidence in his skills and abilities to manage the Company and successfully implement it's strategy.

The Chairman of the Board, Charles Adriaenssen commented:

"The decision of the President of Ukraine to give Yuriy Kosyuk important functions in the Presidential Administration is a strong signal that fundamental problems besetting the Ukrainian Administration will be tackled vigorously. I believe Yuriy's skills and experience will serve his country extremely well. 

I'm also fully confident about the future of MHP. Our new CEO Yuriy Melnik has demonstrated outstanding management skills and is prepared to take over the running of the company, supported by a talented and experienced management team".

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