25 October 2024
Enwell Energy plc
("Enwell" or the "Company")
Board Changes
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, announces certain changes to its Board of Directors.
Ms Yuliia Kirianova has stepped down as a Non-Executive Director of the Company with immediate effect.
Also with immediate effect, Mr Oleksiy Zayets has been appointed as a Director of the Company and he remains Interim Chief Executive Officer. Mr Zayets joins the Board as an appointee of the Company's majority shareholder, Smart Energy (CY) Limited.
Mr Zayets joined the Company in September 2018, was appointed as Chief Financial Officer of the Company's Ukrainian operations in June 2019 and became Interim Chief Executive Officer in March 2024. Mr Zayets is an experienced financial management executive, having previously held senior financial management roles within the DTEK Holdings Group, including as Chief Financial Officer of a gas production company and a heat and power generation company. He is a Certified Accounting Practitioner, and has a BA Heat and Power Engineering from the Donetsk National Technical University (Ukraine), a Master of Management Diploma from the Donetsk State Academy of Management (Ukraine) and an MBA from the National University of Kyiv-Mohyla Business School (Ukraine).
The Company wishes to extend its appreciation to Yuliia Kirianova for her contribution during her tenure with the Company, and to welcome Oleksiy Zayets to the Board.
Additional information on Mr Zayets:
Oleksiy Zayets, aged 43, is currently a director, partner or principal of the following entities:
Regal Petroleum Corporation Limited
Well Investum LLC
Smart Energy LLC
He has not formerly been a director, partner or principal of any other entities within the last five years.
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
For further information, please contact:
| Enwell Energy plc | Tel: 020 3427 3550 |
| Chuck Valceschini, Chairman | |
| Olekisy Zayets, Interim CEO | |
| Bruce Burrows, Finance Director | |
| | |
| Strand Hanson Limited | Tel: 020 7409 3494 |
| Rory Murphy / Matthew Chandler | |
| | |
| Zeus Capital Limited | Tel: 020 7614 5900 |
| Alexandra Campbell-Harris (Corporate Finance) | |
| Simon Johnson (Corporate Broking) | |
| | |
| Citigate Dewe Rogerson | Tel: 020 7638 9571 |
| Ellen Wilton / Alex Winch | |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
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