DGAP-News: MAN OIL GROUP AG: Proposed Appointment
(firmenpresse) - DGAP-News: MAN OIL GROUP AG / Key word(s): Change of Personnel
MAN OIL GROUP AG: Proposed Appointment
27.03.2012 / 13:45
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Date: 27 March 2012
Man Oil Group
Proposed Appointment
Zug, Switzerland: Man Oil Group, the environmentally friendly oil-sludge
treatment specialists, announces its intention to appoint a leading
scientist and businessman, Aleksandr Potemkin, as Vice-President of the
Company; his appointment is subject to approval at the next shareholders'
meeting.
The proposed appointment was announced in Moscow by Genadi Man, President
and CEO of Man Oil Group, who commented:
'Aleksandr has extensive, relevant experience and knowledge and would be an
excellent new member of our team which will help us drive the development
of Man Oil Group to the benefit of our customers and shareholders. He
shares our passion and commitment to deploying our technology to facilitate
an environmentally friendly way of decontaminating sludge lakes across the
CIS countries. This shared passion for the promotion of 'green'
technologies in the oil market is a key principle within our business.'
Aleksandr Potemkin, proposed Vice President, added:
'As a businessman, I understand how important it is for oil refineries to
find partners that are able to optimize environmental payments without
decreasing refining output. Innovation is essential in the way in which
hydrocarbon recovery is managed and Man Oil Group technologies provide a
high-quality product which produces real results returning hydrocarbons to
the industry.
'Issues such as oil-contaminated waste recycling and disposal are important
elements of the global environmental policy that needs to be created.
However, these issues are particularly important in Russia where the
economy is largely resource-based, making 12.7% of world production,
equating to more than 500 mln tons. Environmental standards and penalties
in Russia are becoming more severe and the increase in the net profit of
oil refineries is proportionally related to the dynamics of land pollution.
'MOG AG and I share the same vision and values and I look forward to
working with the team to develop the full potential of the business. As a
result, I have not just accepted the offer to join the Company but I have
also become a shareholder.'
Notes:
MOG AG:
- Man Oil Group is a Swiss company which provides complex treatment of
oil sludge and oil-contaminated soils on an industrial scale with waste
bioremediation thus facilitating the separation and recovery of up to
95 % of hydrocarbons. The treatment method is designed to be
environmentally friendly. Man Oil Group has operations in Russia,
Ukraine, Kazakhstan and Azerbaijan. Technological solutions and
reagents used in the recycling have been developed by Man Oil Group
with the Ukrainian Institute for Soil Science and Agrochemistry.
- Shares in Man Oil Group AG were admitted to trading on the Frankfurt
Stock Exchange on July 13, 2011,
Aleksandr Petrovich Potemkin
- Professor of M. V. Lomonosov Moscow State University, Doctor of
Sciences.
- Education: M. V. Lomonosov Moscow State University, University of Bonn
(Rheinische Friedrich-Wilhelms-Universität Bonn).
- Business: advanced scientific technologies, ship ownership,
biotechnologies and other enterprises. The business covers more than
ten countries and has nearly 10,000 employees.
Contact:
Man Oil Group AG
Seestrasse, 5
6300 Zug, Switzerland
Tel.: +41 41 500 16 90
Fax: +41 41 500 16 91
ir(at)manoilgroup.com
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Man Oil Group AG in conjunction with the existing
listing of its shares in the Open Market segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
End of Corporate News
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