PJSC Cherkizovo Group announced that Evgeny Mikhailov has been elected Chairman of the Board of Directors of the company. Mr. Mikhailov, previously Head of the Investments Project Department at Cherkizovo Group, was elected Chairman at the first meeting of the company's new Board of Directors held on 17 May 2016. During the session, the Board of Directors also passed a resolution to create a new position, Deputy Chairman of the Board. The Board elected independent director Richard Sobel to this new role. Furthermore, the Board formed committees and elected their respective heads. The Chairman of two out of the three Board committees are independent directors: Audit Committee: Vitaliy Podolskiy - Chairman, independent non-executive director; Elliot Jones - independent non-executive director; and Emin Mammadov - independent non-executive director. Personnel and Remuneration Committee: Emin Mammadov - Chairman, independent non-executive director; Elliot Jones - independent non-executive director; and Vitaliy Podolskiy - independent non-executive director. Investment and Strategic Planning Committee: Sergei Mikhailov - Chairman, CEO of Cherkizovo Group; Elliot Jones - independent non-executive director; Emin Mammadov - independent non-executive director; Richard Sobel - non-executive director; and Rafael Fuertes - non-executive director.