Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Says that Chris Hopkinson has stepped down as non-executive chair with immediate effect, while Sergei Glazunov has stepped down as chief executive officer and as director of the company. Enwell didn’t provide an explanation as to why. Also with immediate effect, Charles Valceschini has been appointed as non-executive chair and Igor Basai has been appointed as a non-executive director.

Enwell intends to appoint a new CEO in due course, but says that pending this appointment, it has appointed Oleksiy Zayets, the chief financial officer of the group’s companies in Ukraine, as interim CEO.

Enwell Energy says: ‘The company wishes to extend its great appreciation to Chris Hopkinson and Sergei Glazunov for their valued contribution during their respective tenures with the company, and to welcome Chuck Valceschini and Igor Basai to the board.’

Current stock price: 14.35 pence, down 1.4% in London on Friday morning

12-month change: down 30%

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