The Board of Directors of announced that Mr. Danila Kotlyarov, has been re-designated from a Non-Executive Director of the company to an Executive Director and has been appointed as the Deputy Chief Executive Officer and Authorised Representative of the company. Mr. Yury Makarov has relinquished his role as the Authorised Representative of the Company. He remains as an Executive Director and Chief Executive Officer of the company.

The management changes are effective from 4 March 2022. Mr. Kotlyarov joined the Group in 2005 as Finance Director, a role which transferred to IRC in 2010. He worked in various senior management positions at IRC until February 2020 when he joined Petropavlovsk PLC.