Acron Announces Managing Board Changes

World News: . []

Acron Group announces several changes in its Managing Board and appoints Dmitry Balandin the Group’s Vice President for Finance.

Acron’s Board of Directors held an absentee vote that approved a new Managing Board, as follows:

Dmitry Balandin and Alexander Lebedev are new to the Managing Board, while Oscar Valters, who is leaving Acron Group, and Ivan Antonov, who remains with the Group as an advisor to the CEO, are no longer on the Managing Board.

“The new Managing Board is aligned with the Group’s new strategy, which includes investments in developing our production capacity and our sales network in Russia and abroad”, commented Alexander Popov, the Chairman of Acron’s Board of Directors. “On behalf of our Group, I would like to express our deep gratitude to Mr Valters, who has been with Acron for over 20 years and decided to retire from his position as Senior Vice President. Mr Valters has made an invaluable contribution to the Group’s business development, built an effective system of finance management and ensured sustainability of our production facilities”.

Mr Balandin graduated from Kurgan State University with degrees in finance, credit and law, and received a PhD degree in economics upon defending his doctoral thesis in the Higher School of Management at St. Petersburg State University. He has been with the Group since 2013 as Director for Corporate Finance. Previously, he held several management positions in Gazprom Neftekhim Salavat.

Mr Lebedev graduated from Vladimir State University with a degree in marketing. He has worked at Acron since 2011, serving as head of the organic and non-organic chemical product sales team, deputy head of the sales department and head of the sales department. In November 2018, Mr Lebedev was appointed Vice President for Domestic Business.

Sergey DorofeevAnastasiya GromovaTatiana SmirnovaPublic RelationsPhone: +7 (495) 777-08-65 (ext. 5196)

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Globe Newswire: 02:01 GMT Friday 7th December 2018

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