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Chagala : Resignation of Non Executive Director

04/21/2015 | 02:35am US/Eastern
Resignation of Non Executive Director

21 Apr 2015

Hong Kong - Chagala Group Limited (Chagala or the 'Company') announced today that Mr. Alexander Gladyshev has resigned his position as a Non Executive Director on the Company's Board of Directors. The resignation is effective as of 20 April 2015.

Francisco Parrilla, Chief Executive Officer of the Company, stated "On behalf of the Board and senior management, I would like to thank Alexander for his contributions to the Company. Despite a short tenure, Alexander provided valuable insight that will assist the remaining Board members in their stewardship of the Company well into the future."

Chagala is a service company focused on providing long and short term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan's largest hydrocarbon discoveries. With the ownership of hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices in its portfolio, Chagala is well positioned to capitalize on the oil and gas investment being made in Kazakhstan.

For more information:
Francisco Parrilla, Chief Executive
Chagala Group Limited
+ 7 (727) 298 0131

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