OREANDA-NEWS. On 23 May 2008 Integra Group, a leading Russian independent provider of onshore oilfield services announced that Dmitry Avdeev, has accepted an offer to become Chief Financial Officer of Integra Group. The appointment will take effect in the second half of June following the departure of former CFO Alex Polevoy who is leaving to pursue other business interests.

Dmitry Avdeev is joining Integra from Morgan Stanley where he served as an Executive Director in the Russian and the CIS oil and gas group.

Commenting on the announcement, Felix Lubashevsky, Integra’s President and CEO, said:

“I am very pleased to welcome Dmitry Avdeev to the Integra team. He has a first class financial and professional reputation and I feel he is the right man to help lead the Group in its next phase of growth and delivery. Dmitry’s task going forward, will be focused on debt portfolio optimization, development of capital management processes and a close cooperation with the Company’s shareholders and potential investors.”

“We are very grateful to Alex Polevoy for his significant contribution to building the financial structure of Integra Group and the development of the Company. In February last year Integra was one of the first Russian oil services companies to seek a public listing, and our success in part was very much due to Alex Polevoy’s hard work. Alex will be aiding us in the transition of CFO responsibilities in this vital area of our business so as to cause as little disruption as possible. “

Biography of Dmitry Avdeev

Since mid 2006, Dmitry Avdeev has been the Executive Director in the Russian and CIS Oil and Gas group at Morgan Stanley. He was responsible for a number of sizable M&A transactions as well as debt and equity capital raising deals. From 1998 to 2006, Mr. Avdeev held a number of different positions with UFG and Deutsche UFG in the Corporate Finance Department and Equity Research Department, with a focus on the oil and gas sector. From 1995 to 1998 he worked for Sidanco oil company covering project finance and investment planning.

In 1995 Dmitry Avdeev graduated from Moscow State University, with a degree in Applied Mathematics.