Enwell Energy PLC, an AIM-quoted oil and gas exploration and production group, has announced significant changes to its Board of Directors and senior management. Effective immediately, Chris Hopkinson has stepped down as Non-Executive Chairman, and Sergei Glazunov has stepped down as Chief Executive Officer and Director. In their place, Charles "Chuck" Valceschini has been appointed as Non-Executive Chairman, and Igor Basai has been appointed as a Non-Executive Director. The company intends to recruit a new Chief Executive Officer, and in the interim, Oleksiy Zayets, the Chief Financial Officer of the Group's companies in Ukraine, will act as the interim Chief Executive Officer.

Valceschini, an experienced senior executive and director in the global oil and gas industry, has been involved in technical and operational roles with various companies and founded Valceschini & Associates LLC to provide services to the oil and gas industry. Basai, an appointee of the Company's majority shareholder, Smart Energy (CY) Limited, has extensive experience in human resources, having held senior HR roles with several multinational companies.

The Company expressed its gratitude to Chris Hopkinson and Sergei Glazunov for their contributions and welcomed Chuck Valceschini and Igor Basai to the Board. Valceschini holds a BSc in Petroleum Engineering and an MSc in Engineering Management, and Basai has a Specialist Degree in English Philology and Practical Psychology, along with a Postgraduate Diploma in HR Management.

The announcement also included additional information on the new appointees' previous and current directorships and partnerships. Enwell Energy PLC provided contact information for further inquiries.