OREANDA-NEWS. Integra Group, a leading Russian oilfield services provider, announces appointment of a new Management Board member. Alexey Urusov, will join Integra Group's Management Board as new Executive Vice President for Planning Performance Management and Control ("PPM and Control"). Mr Urusov was formerly Integra's Deputy CFO, responsible for planning and control.

Planning, Performance Management and Control is a function which enables companies to execute effective strategic management of multiple business units. Strategic management approach is used by the majority of large-scale Western and Russian companies - as opposed to the operational management approach which is typical of early stage company development.

Executive Vice President for PPM and Control will be in charge of annual and five year business planning, support of investment governance, M&A financial support (financial due diligences), and reengineering of business processes and controls at Integra Group.

Chief Financial Officer Alex Polevoy will continue to oversee corporate finance, liquidity management, consolidated financial reporting, tax and internal control functions.

Mr Urusov previously served as CFO of TNK-BP Ukraine. In 2002-2003, he was a member of the Monitoring and Control Group for TNK's Board of Directors and was responsible for improving upstream efficiency. In 2000-2001, he worked as Finance Director of Invacorp. Prior to that, he held financial management positions at Tura Petroleum (O&G Upstream) and at FMC Corp. oil equipment manufacturing plant in Tyumen.