Varie
RURIC INITIATES ORGANISATIONAL CHANGE
Press release 06-03-2012
In a move to increase the focus on financial control of operations, Management of Ruric has decided to move the office of the CFO to St Petersburg. This will ensure the successful implementation of the new financial management systems as well as new more disciplined budgetary processes.
In this context Ruric regrettably has had to accept the resignation of Mr Anders Larsson, the current CFO, who for family reasons will not be able to make the move to Russia. He will of course be fully accessible during a transition period to introduce the new CFO into the Company.
We are pleased to announce that effective immediately Mr Denis Savinkin will take up the position as new CFO of Ruric. Mr Savinkin is an honours graduate in Economics and Finance from the St Petersburg State University with a background as chartered certified accountant with PricewaterhouseCoopers. His most recent position has been as CFO of the consumer products company Bravo Premium and as deputy CFO of the London Stock Exchange listed LSR Group. Mr Savinkin is 32 years old, native from St Petersburg and speaks English fluently.
Mr Adam Fischer, Ruric's CEO, in a comment: "I am very pleased of being able to announce such a smooth transition of the CFO from Stockholm to St Petersburg. We will certainly miss Anders' expertise, but I know that he is the first one to acknowledge the need for the move to St Petersburg. I am delighted that Denis Savinkin has accepted the position and am convinced that he will make a significant contribution to Ruric's future within a very short period of time. We wish him a warm welcome aboard."
Russian Real Estate Investment Company AB (publ)
Adam Fischer, CEO
Phone +46 8 509 00 101
email afischer@ruric.com
web www.ruric.com
ABOUT RURIC
.
Copyright Thomson Reuters
Attachment(s)
http://hugin.info/141656/R/1591648/500300.pdf
Regulatory News
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: %s via Thomson Reuters ONE