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Wednesday, 04/19/2017 7:12:41 AM

Wednesday, April 19, 2017 7:12:41 AM

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Hyperdynamics Promotes Sergey Alexeev to Senior Vice President and Chief Financial OfficerFont size: A | A | A
7:00 AM ET 4/19/17 | Dow Jones
HOUSTON, April 19, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today announced that Sergey Alexeev has been promoted to Senior Vice President and Chief Financial Officer of the Company. In this role, he will oversee all financial, accounting and commercial aspects of Hyperdynamics' activities. Mr. Alexeev joined Hyperdynamics in September 2016 as Vice President-Commercial Development on a consulting basis.

"I'm very pleased to name Sergey to an expanded role as CFO," said Ray Leonard, President and Chief Executive Officer. "Since he joined us about seven months ago he has done an outstanding job of identifying and negotiating with prospective partners in our Guinea project and investors in our Company. As we make our final preparations to drill an exploration well this spring offshore the Republic of Guinea, he will play an increasingly important role in the overall financial and business development activities of the Company."

Prior to joining Hyperdynamics last year, Mr. Alexeev was Chief Operating Officer for Soyuzneftegaz, a Russian oil and gas company and earlier was Chief Financial Officer and First Vice President for Rosneft, Russia's largest oil and gas producer, in charge of economics, finance and business development. Earlier, he held executive positions with ABN AMRO Bank and Coopers & Lybrand, both in Moscow. He has extensive experience in banking and finance, mergers and acquisitions and international negotiations. Mr. Alexeev holds a Diploma in SHYSHYInternational Financial Relations from the Moscow Institute of International Relations and a Master's degree in International Economics (MSc.Ec.) from the London School of Economics.