Appointment of a NED and Board Committee Changes
Nostrum Oil & Gas PLC announced the appointment of James Hart as an independent non-executive director, effective October 23, 2025. Hart will also join the audit committee and chair the remuneration committee. Additionally, Nikolay Ivin has been appointed chairman, and Viktor Gladun a member, of the strategy committee. These changes have received consent according to the warrant instrument dated February 9, 2023. The company intends to further adjust the composition of other Board committees to comply with the warrant instrument's requirements, with additional announcements to follow.
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Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum" or the "Company"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, announces the appointment of James Hart to the Board of Directors as an independent non-executive director, effective 23 October 2025. Mr Hart has also been appointed on such date to the audit committee and as chairman of the remuneration committee of the Board.
Mr Hart is a special situations and dispute resolution professional. For nearly 10 years he has managed Hillmont Partners, the international law firm he founded, which focuses on matters in Eastern Europe and Eurasia. He jointly oversees the firm's International Dispute Resolution & Restructuring practices. Mr Hart holds a BA from Durham University and an MBA from London Business School.
The Company also announces that Nikolay Ivin has been appointed as chairman, and Viktor Gladun has been appointed as a member, of the strategy committee of the Board. Martin Gudgeon remains a member of the strategy committee.
These changes to the Board and its committees have received relevant consent in accordance with the requirements of the warrant instrument constituting the Company's share warrants dated 9 February 2023. The Company proposes to re-constitute the composition of other Board committees so as to comply with the relevant provisions of the warrant instrument on Board committee composition and further announcements in that regard will be made when appropriate.
Nikolay Ivin, Chairman of the Board, said:
"I would like to welcome James to the Board. I believe his experience and skillset will be invaluable to the Company."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.