Vladamir Protskiv is one of the founding shareholders of PrimeGen Energy. During the period 2006 to 2008, Mr Protskiv was involved with certain M & A activities of PrimeGen. He has also followed closely the development of PrimeGen and has shown a keen understanding and interest in the challenges that the company now faces.
The company continues to work on its long-term strategy and intends to operate the remaining assets of the company after completion of the Timan-Pechora (TP) transaction announced August 28, 2009. The closing of the TP deal is dependent on third party approvals.
Mr Protskiv, CEO of PrimeGen, said: “I recognize the challenges that the company is facing in its present situation due to the negligence by outside parties and am confident that, by taking a economical and commercial approach, the board will succeed in bringing PrimeGen to the next level.”
