Board Changes

RNS Number : 2013A

Mercantile Ports & Logistics Ltd

31 January 2022

 

31 January 2022

Mercantile Ports & Logistics Limited

("MPL", the "Group" or the "Company")

Board Changes

Mercantile Ports & Logistics Limited, which is operating and developing out its port and logistics facility in Navi Mumbai, Maharashtra, India, is pleased to announce that Dmitri Tsvetkov will be joining the Board as a Non-Executive Director and Chair of the Audit Committee as soon as practicable, subject to the approval of the Company's Nominated Adviser in accordance with the AIM Rules, and a further announcement will be made in due course.

Mr Tsvetkov has been the Chief Financial Officer of OPG Power Ventures plc since November 2017. Prior to joining OPG, he accumulated over 27 years of financial, accounting and operational experience, including significant experience of working with promoter/founder-led energy sector listed companies in London, Africa, Asia and Canada.

Mr Tsvetkov was previously Chief Financial Officer of Advance International Exploration, Inc., Interim Chief Executive Officer and Chief Financial Officer of Mart Resources, Inc. and Chief Financial Controller of Heritage Oil Plc, a FTSE 250 oil and gas company.  Mr Tsvetkov was with PricewaterhouseCoopers in Calgary, Canada and Moscow, Russia from 1994 to 2006.

He has a Chartered Accountant (CA) designation from the Canadian Institute of Chartered Accountants, an FCCA designation from the Association of Chartered and Certified Accountants in the UK and Chartered Financial Analyst (CFA) designation from the CFA Institute in the US.

The Company further announces that Peter Mills, Non-Executive Director, is stepping down from the board of the Company with immediate effect.

Commenting on the changes, Jeremy Warner Allen, Chairman of MPL said , "I am delighted to welcome Dmitri to the business. Dimitri brings considerable commercial, financial, and operational expertise of working in India and I look forward to working with him as we continue to deliver our strategy.

I would also like to thank Peter for his contribution to MPL and we wish him well in his future."

Enquiries:

MPL	C/O SEC Newgate [phone]
Cenkos Securities plc (Nomad and Broker)	Stephen Keys [phone]
SEC Newgate (Financial PR)	Isabelle Smurfit [phone] [e-mail]

 

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