Kiev, July 04, 2012 - Alexey Tymofeyev was appointed to the position of CEO in SMART ENERGY, oil and gas business direction of SMart Holding.

Formerly Alexey Tymofeyev occupied position of the First deputy CEO of Smart-Holding. His powers included issued of development strategy forming of the Company’s oil and gas sector.

“Exactly SMART ENERGY will become a powerhouse for development and growth of Smart-Holding in the coming five years. Our strategic aim is to become the largest private company in Ukraine in natural gas extraction. For this purpose we will increase investments in own fields development, as well as implement consolidation strategy of prospective upstream operations in Ukraine”, Alexey Pertin, CEO of Smart-Holding, noticed.

“As of today primary tasks of SMART ENERGY as management company, are realization of long-term growth strategy and provision of high efficiency of our investments. We see substantial potential for development in Ukraine, have a good grip of our industry nature and intent to build long-term, stable business”, Alexey Tymofeyev, CEO of SMART ENERGY, said.

Information

Alexey Tymofeyev – graduated from V.N. Karazin Kharkov National University - Specialist in international economic relations and M.V.Frunze Simferopol National University majoring in “Law”. He possesses considerable work experience in oil and gas sector of Ukraine, prior to joining Smart-Holding in 2009 he held leading positions in Geo Alliance Company and NJSC NaftoGaz of Ukraine.

SMART ENERGY is management company within the Smart-Holding group, responsible for projects development in the field of hydrocarbon production and alternative energy forms.

Smart Holding is one of the largest investment groups in Ukraine with focus on key industries of the economy, including metals & mining, oil & gas, shipbuilding, real estate and agriculture. Smart Holding participates in the projects as a strategic and portfolio investor. Smart-Holding’s investment activities are focused on the investments in CIS and Eastern Europe countries.

Additional information: www.smart-holding.ua