Vladimir Ivanov Appointed CEO at Aquanik

MOSCOW, January 24, 2014 /PRNewswire/ --

Aquanika, the Russian high quality natural mineral water and non-alcoholic drinks producer, announces the appointment of Vladimir Ivanov as CEO. He replaces Vladislav Glagolevsky, who has left the company for personal reasons.

"I am pleased to welcome Vladimir as new CEO at the Company. His experience will help us to continue creating the national leader in safe water and beverages production," said Igor Savelyev, Aquanika's Chairman. "On behalf of all the Aquanika team, I'd like to thank Mr. Glagolevsky for his positive contribution to the development of company and wish him success in his future projects."

Mr. Ivanov has many years of experience in the Russian consumer sector. He was one of the founders of Glavspirttrest, producer of the Green Stamp and Cranes brands of vodka. Following a merger with Russian Alcohol, Mr Ivanov served as Chief Operating Officer and CEO of the combined company. Between 2010-2013, Mr Ivanov served as Chief Executive Officer of Rosspirtprom, the Russian state-owned spirit and vodka company, and oversaw the establishment of VEDK, one of Russia's leading alcohol distribution companies.

Note to the editors

About Aquanika

Founded in 2010, Aquanika is a Russian high quality natural mineral water Aquanika, traditional carbonated soft drinks Ministerstvo Gazirovki and other non-alcoholic drinks producer. The company's plant is located in Nizhny Novgorod region. It is equipped with the latest German facilities and has six bottling lines with overall production capacity of 500 million litres per annum.

About Volga Group

One of the largest investment groups in Russia, Volga Group has investments in 18 core companies, located mainly in Russia. Total consolidated annual revenues in 2012 were US$116 billion. The three core strategic investment areas are energy, logistics and infrastructure. Volga Group also has investments in the financial services and consumer goods sectors. The Group's largest holdings include Novatek (23%), Gunvor (44%), Sibur (37.3%), Transoil (80%), STG Group (63%).

For media inquiries:

Mr. Anton Kurevin:
Communications Director, Volga Advisors
akurevin@volga-advisors.com
+7-495-777-38-98 (ext711)

Mr. Stuart Leasor,
EM Advisors
leasor@em-comms.com
+44-7703-537721