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AvangardCo

February 5, 2013

AVANGARDCO INVESTMENTS PUBLIC LIMITED Announces changes in its Management Board

Kyiv, Ukraine– AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the "Company" or "AVANGARDCO IPL"), the largest producer of shell eggs and egg products in Ukraine and number one producer in Eurasia, announces changes in its Management Board.

Following the election of Mrs. Nataliya Vasylyuk as Chairwoman of the Board of Directors of Avangardco IPL, Mrs. Iryna Marchenko has been appointed the CEO of the Company. Mrs. Iryna Melnik was appointed as the CFO.

Nataliya Vasylyuk, Chairwoman of the Board of Directors of Avangardco IPL,commented:

“The appointments of Iryna Marchenko and Iryna Melnik are in line with the Board’s objective to raise the level of transparency in the Company for the benefit of all shareholders. Our management team will continue to execute on its stated strategic goals and deliver on the Company`s operational and financial targets.”

Mrs. Marchenko graduated from the Kyiv Municipal Management Academy in 2004 with an accounting and audit qualification. She obtained an ACCA IFRS Diploma in 2008. Mrs. Marchenko joined the Company in 2007 and served as its CFO since 2010 to January 2013.She has over ten years of industry experience.

Mrs. Melnik graduated from the Economic Faculty of Stefanik Prykarpattya National University in 2002 with a degree in business economics. Iryna Melnik joined the Company in 2010 as a Deputy Chief Financial Officer. She has over eight years of industry experience.

For investor's inquiries:

Alina Korniets
AVANGARDCO IPL
Acting Head of Investor Relations

Phone: +38 044 393 40 50
Mobile: +38 067 664 49 99
e-mail: a.korniets@avangardco.ua

FTI Consulting London
Larisa Millings/Marc Cohen
+44 203077 0500

FTI Consulting Moscow
Oleg Leonov
+7 495 795 06 23

 

 

 

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