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Five directors resign from Exillon Energy

Staff writer | Moscow, Russia | March 24, 2014
Exillon EnergyMarch 24, 2014, Moscow, Russia - Exillon Energy plc, an oil producer, announced the resignation of five board directors.
David Herbert (Chairman), Mark Martin (CEO), L. Stuard Detmer (Senior Independent Director), Anne Belveze (Independent Director) and Ezio Bracco (Independent Director) have informed the company that they intend to resign their positions as directors.

Mr. Herbert has more than 20 years experience in investment banking, including most recently as Managing Director and Head of International Corporate Finance at ING Bank N.V. He also has considerable experience in the oil and gas industry, having worked for more than 10 years at BP, where he served in a variety of senior management positions.

Mr. Herbert has also held various non-executive director and advisory roles with significant resource and advisory businesses in Russia and the CIS. After receiving his first degree in economics from the University of Dublin, he went on to complete his doctorate at Brunel University, where he taught for eight years.

Mr. Martin has worked in investment banking for more than 20 years, most recently as Head of Equity Capital Markets at ING Bank N.V. He has substantial transaction experience, having led on more than a hundred transactions, including numerous high-profile and successful M&A and capital raising initiatives on behalf of oil and gas clients from Central and Eastern Europe and Russia.

Mr. Martin has also held various other ECM and corporate finance positions at Baring Securities and Barclays de Zoete Wedd. He has a degree in Economics and Politics from Cambridge University.

Mr. Detmer was most recently CEO of Sibir Energy plc. He also worked with Mobil Oil Corporation in Russia, Latin America and the United States and has over 16 years of experience in emerging markets.

Mr. Detmer holds an MBA from the Darden School of Business Administration at the University of Virginia, a BA from Vanderbilt University and attended Leningrad State University.

Ms. Belveze is the Managing Partner of the Russian office of accounting firm Mazars, which she joined in 2005 as its head of outsourcing. She is a senior external trade advisor to the French government.

Prior to this Ms. Belveze held the following positions: General Manager of Sansha; Zone Finance Director with Castel Group in Moscow; Regional Financial Controller of the Barents Group in Almaty; Professor of Mathematics of Finance and Financial Statements Analysis at the European University of Brussels.

Ms. Belveze has a BBA and a degree in Information Systems from the European University of Brussels, and a degree in Mechanical Engineering from the University of Nantes. Ms Belveze is 44 years old.

Mr. Bracco is the President, founder and major shareholder of Expertise srl. He founded Expertise srl. 27 years ago. He graduated in Chemical Engineering at the University of Genoa.