Enwell Energy plc announced certain changes to its Board of Directors and senior management of the Company. With immediate effect, Mr. Chris Hopkinson has stepped down as Non-Executive Chairman, and Mr. Sergei Glazunov has stepped down and Director of the Company. Also with immediate effect, Mr. Charles "Chuck" Valceschini has been appointed as Non-Executive Chairman and Mr. Igor Basai has been appointed as a Non-Executive Director of the Company.

Mr. Valceschini is an experienced senior executive and director, with extensive knowledge of the global oil and gas industry. He commenced his career in technical and operational roles with Marathon Oil Corporation in the United States. He then moved to similar roles in international postings with IPR Energy Group and Nobel Oil.

He subsequently joined Anglo Albanian Petroleum, American Energy Group, Hycarbex Inc. and Severtek LLC, and then TNK-BP and BP plc in senior technical and management roles. He subsequently founded Valceschini & Associates LLC to provide technical and commercial services to the oil and gas industry. He has also been a Director of Block Energy plc and Chairman of JKX Oil & Gas Ltd. Mr. Valceschini has a BSc in Petroleum Engineering from the University of Wyoming, and an MSc in Engineering Management from Portland State University.

He is a member of the Society of Petroleum Engineers. Mr. Basai is an appointee of the Company's majority shareholder, Smart Energy (CY) Limited. He is an experienced human resources professional, having started his career in recruitment with HR Consulting and Brain Source International, before joining the HR department of Metinvest Holding.

He then held senior HR roles with RU-COM Group, British American Tobacco, Prodo Group, Kellogg, PepsiCo and Interpipe, before joining Smart-Holding as HR and Organisational Development Director. Mr. Basai has a Specialist Degree in English Philology and Practical Psychology from the Kyiv National Linguistic University, and a Postgraduate Diploma in HR Management from Nottingham Trent University.