R.G.I. International Limited

June 27, 2011 03:57 ET

R.G.I. International Limited: Directorate and Management Changes

LONDON, UNITED KINGDOM--(Marketwire - June 27, 2011) - R.G.I. International Limited ("RGI" or the "Company"), the AIM listed developer of quality residential and commercial real estate in Moscow and the surrounding areas, today announces changes to its Board of Directors and management team, including the appointment of two new Directors to the Board.

Boris Kuzinez, the Company's founder, becomes RGI's President and Development Director and will no longer serve as CEO. The move will enable him to focus more of his time on delivering RGI's extensive development programme.

Alan Hibbert (aged 57), the current CFO, has been appointed to the Board as Finance Director and he will also take the role of CEO while the search for a long term replacement is undertaken. Alan has a track record of working in Russia and Eastern Europe having previously worked at Sun Interbrew, the East European joint venture of Ambev. Alan most recently acted as CFO for Gloria Jeans, the Russian retailer.

Emmanuel Blouin (aged 39) has been appointed as an independent non-executive Director, taking the number of independent non-executive Directors on the Board to four. Emmanuel has 15 years of European investment banking and property experience, with a focus on emerging markets in Central and Eastern Europe, with Morgan Stanley, JPMorgan and BNP Paribas. Emmanuel is the founder and Managing Partner of Esterel Capital LLP, a property investment boutique Emmanuel is also an Independent Non Executive Director of AIM-listed XXI Century Investments Public Ltd, a property company active in Ukraine.

Sergei Ozerov (aged 39) has been appointed as RGI's COO. Sergei has a wide experience in the Russia property sector as founder of Intercomplex, a manager of commercial real estate and having served as general director of OJSC "MIAN", the Moscow real estate investment firm. Sergei has also held a number of posts in the Russian banking sector having previously worked at Moscow Business World, Aviabank and the Russian-German Trade Bank.

Jacob Kriesler, Chairman of RGI commented:

"We are delighted with the changes made to the Board and management team, and consider Alan, Emmanuel and Sergei to be individuals of the highest calibre. We are confident that their expertise and experience will complement the existing members of the Board and help drive the Company forward. Furthermore, the new role for Boris will allow him to take a more strategic approach developing the Company's projects. This will allow Alan to move into the role of chief executive while the search for a long term replacement for Boris is underway. Alan has the full support of all the executive and non-executive directors and we are confident the Company will continue to operate at the highest level."

Additional Information:

Further information on Alan Hibbert and Emmanuel Blouin as required by Rule 17 and Schedule 2(g) of the AIM Rules for Companies is detailed below:

  1. the Directors full names are:
    1. Alan Hibbert; and
    2. Emmanuel Blouin.
  2. the Directors are not a directors or partners of any companies or partnerships other than RGI and the following:
Alan Hibbert
None
Emmanuel Blouin
Forbis Capital Ltd
XXI Century Investments Public Limited
Esterel Capital LLP
  1. in the last five years, the Directors have been but are no longer a directors or partners of the following companies or partnerships:
Alan Hibbert
Gloria Jeans
Papertrail UK Limited
Strategic Dimensions Cheshire Limited
Emmanuel Blouin
Esterel Property LLP

There are no further disclosures for Mr Hibbert or Mr Blouin as required under Schedule 2(g) of the AIM Rules for Companies.

Contact Information

  • RGI
    Emmanuel Kuzinetz
    +44 (0) 1481 725729

    Lazard & Co. Limited - Financial Adviser
    Patrick Long
    +44 (0) 207 187 2000

    Lazard & Co. Limited - Financial Adviser
    Nick Fowler
    +44 (0) 207 187 2000

    Baron Phillips Associates - Financial PR Adviser
    Baron Phillips
    +44 (0) 207 920 3161

    Shore Capital - Nominated Adviser
    Anita Ghanekar
    +44 (0) 207 408 4090

    Shore Capital - Nominated Adviser
    Edward Mansfield
    +44 (0) 207 408 4090