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Chairman of the Board Resignation

Almaty – Chagala Group Limited (Chagala or the ‘Company’) announces that Timothy L. Abson has resigned as Chairman of the Board of Directors of the Company effective 9 July 2014.  Mr. Abson will be leaving the Company to pursue new personal business opportunities and interests both in Kazakhstan and elsewhere.

Francisco Parrilla, CEO of the Chagala commented that “We would like to thank Tim for his substantial contributions to Chagala since its inception.  His keen understanding of Kazakhstan and his ability to strike a deal have contributed immensely to our track record of success.  I would like to wish Tim well in his new ventures and personally thank him for his support and counsel over the years.”

 

Chagala Group

Chagala is a service company focused on providing long and short term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan’s largest hydrocarbon discoveries. With the ownership of hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices in its portfolio, Chagala is well positioned to capitalize on the oil and gas investment being made in Kazakhstan.

 

For more information: 

Francisco Parrilla, Chief Executive
 
Chagala Group Limited + 7 (727) 298 0131
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