Urals Energy provides the following changes to its Board with immediate effect.

Leonid Dyachenko, who has successfully led Urals Energy as its Executive Chairman since 2009 and has held a number of positions since the Company listed in 2005, stands down as Executive Chairman and remains as an executive director of the Company.

Andrew Shrager, who held the position of Chairman with Urals Energy NV prior to the Company's IPO in 2005, returns to take up the position of Non-Executive Chairman. Stephen Buscher, who held the position of CFO at Urals Energy between 2005 and 2007, also returns to the Board as a non-executive director. Finally, Torbjörn Ranta, also joins the Board as a non-executive director.

As a result, the Company now has a board of three executive directors and four non-executive directors.

Tags: Urals Energy Public Company