ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, hereby announces changes to its Board of Directors.
Etalon Group’s Board of Directors accepted the resignation of the independent director Ganna Khomenko from the Board and its Remuneration and Nomination Committee as well as its Audit Committee.
In line with best corporate governance practices and in order to maintain a balanced Board structure and the independence of the Board’s directors, Andreas Kryftis was appointed as a new independent director. In addition, Mr Kryftis was nominated and unanimously approved by the Board of Directors as a member of the Board’s Audit Committee.
Taking the above changes into account, the current membership of the Board of Directors is as follows:
- Sergey Egorov, Chairman of the Board of Directors, non-executive director;
- Gennadiy Shcherbina, Chief Executive Officer of Etalon Group;
- Dennis Vinokourov, non-executive director;
- Alexander Voloshin, independent non-executive director;
- Boris Svetlichny, independent non-executive director;
- Marina Ogloblina, independent non-executive director;
- Vitaly Pyltsov, independent non-executive director;
- Andreas Kryftis, independent non-executive director.
Biographical information:
Andreas Kryftis
Andreas has more than 15 years of experience in corporate finance, investments and tax planning. Currently, as the Head of the Accounting and Tax Department at Fiduciana Trust (Cyprus) Limited, Andreas specialises in consulting on tax structures and planning, dealing extensively with audit and tax issues. Prior to that, Andreas dealt with audit issues at KPMG (Cyprus). He graduated from Manchester University and is a member of the Association of Chartered Certified Accountants.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.