Etalon Group Plc announced that after 6.5 years of successful work with the Company, Kirill Bagachenko, the Chief Financial Officer and a member of the Board of Directors, has decided to step down in order to take a career break. In order to ensure a smooth transition, Kirill will continue to support Etalon Group as an advisor to the Chairman of the Board of Directors. Kirill's successor as CFO will be Ilya Kosolapov, who joined the Etalon Group team in October 2019.

The Board of Directors has elected Etalon Group Executive Director and Head of the Moscow Business Maxim Berlovich as the new Chairman of its Strategy Committee. The Director for Corporate Investments Petr Kryuchkov will chair the Information Disclosure Committee. Ilya has over 15 years of experience in financial management.

Prior to joining Etalon Group, Ilya worked as executive director responsible for finance and development, and as a member of the investment committee of Sistema Asia Capital management company, which runs the Sistema Asia Fund (SAF) venture capital fund. Petr has 10 years of experience in the field of corporate finance and capital markets. Petr has been the Director of Corporate Investments at Etalon Group since 2018.

Prior to that, he worked for two years as the head of the Company's capital markets division.