/KASE, December 18, 2019/ – Zhaikmunai (Oral), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release of December 16, 2019:
quote
"Zhaikmunai" LLP, subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or "Company",
together with subsidiaries – the "Group"), independent oil and gas company,
engaged in production of oil and gas, as well as in exploration and development
of oil and gas fields in the Pre-Caspian basin, announces that the Board and
Kai-Uwe Kessel, Chief Executive Officer, have mutually agreed that Kai will
step down from the Board with effect from 16 December 2019. Kai will be succeeded
by Kaat Van Hecke, current Independent Non-Executive Director at Nostrum, as
Chief Executive Officer with effect from the same date.
Kaat Van Hecke has served as an independent non-executive director since 31
December 2016. She has 24 years of experience in the petrochemical and
upstream oil business. She has held a variety of executive positions with
ExxonMobil, Shell and Österreichische Mineralölverwaltung (OMV) in Austria,
Russia, Nigeria, The Netherlands and Belgium the most recent of which was as
Managing Director and Senior Vice President heading up OMV's Austrian
upstream business.
unquote
The full press release is available on KASE website –
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_161219_1.pdf
[2019-12-18]