RNS Number : 9479A
05 April 2012
Elena Kim to become Integra's Chief Financial Officer
MOSCOW, April 5, 2012 - Integra Group (LSE:INTE) is pleased to announce that Elena Kim has been promoted to a position of Deputy Chief Financial Officer, from April 2, 2012. Ms. Kim was previously Vice President for Reporting and Taxation since 2006. As Deputy Chief Financial Officer she will be responsible for a broad range of functions including accounting & reporting, capital management, corporate finance, investor relations, as well as ensure a smooth handover to her as incoming CFO from current Integra CFO Yuri Baidoukov who plans to leave Integra in May, 2012 to pursue other business interests.
Commenting on the appointment, Felix Lubashevsky, Integra's President and CEO, said:
"I am very pleased to welcome Elena to the senior management team with a new, broader set of responsibilities as our soon to be CFO. Her extensive experience with Integra at various stages of our development should ensure a natural fit and a seamless transition. We would like to thank Yuri Baidoukov for his work at Integra."
* END *
Biography of Elena Kim:
Elena Kim, 35, has been with Integra since 2006 in a position of Vice President for Reporting and Taxation. Before joining Integra, from 2005 to 2006, Elena was an Audit Manager of the Corporate Audit Department at TNK-BP. Between 2001-2005, she held a senior position in the International Accounting Department at RUSAL Group. Ms Kim began her professional career at Arthur Anderson in 1998.
Elena Kim graduated from The Plekhanov Russian Academy of Economics in Moscow with a MSc degree (Honors) in Finance and holds a Degree of Master of Business Administration (Honors) from The University of Chicago Booth School of Business. She successfully passed ACCA exam in 2004.
Integra Group is a diversified oilfield services provider and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies. Since establishment in 2004, Integra Group has, through 18 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian and CIS market. Integra Group owns a 36% stake in IGSS - a land seismic operator, with a leading position in the Russian and CIS markets. Integra Group employs about 8,500 people. Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).
Forward looking statements: Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Integra Group. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might", or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Integra Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Integra Group's projections or forward-looking statements, including, among others, general economic and market conditions, Integra Group's competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to Integra Group and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange