Pennpetro Energy plc
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Pennpetro Energy plc
Home
Management team
Investor news
Notices & reports
More
  • Home
  • Management team
  • Investor news
  • Notices & reports
  • Home
  • Management team
  • Investor news
  • Notices & reports

Senior management and Board

Richard Spinks - Executive Chairman

Richard, a serial entrepreneur, has 40 years' experience working across sectors including technology, fisheries, agriculture, forestry and for the past 13 years renewable energy and decarbonisation fuel product development. Today, RMD's biofuels and biofertilizer company is a leading company in this rapidly growing sector globally. 


He has founded several disruptive companies in traditional industry sectors, held executive and board positions in privately held and both US and UK listed Plc businesses. Richard works internationally and has deep knowledge and strong connections, including in Ukraine where he has been active for over 20 years. Richard is multi-lingual and a strong communicator in the languages of the countries where RMD investments are held. 

Mavriky Kalugin - Chief Executive Officer

Mavriky joined Pennpetro in October 2025, bringing 28 years of experience in the oil and gas sector and extensive global expertise in managing upstream and service companies, greenfield and brownfield development, and production optimization. He recently served as Executive Director and COO of Naftogaz Group in Ukraine.

Sergiy Lesyk - Non-Executive Director

Sergiy has over 25 years of experience in the international financial services sector, including wealth management, corporate finance, and investment banking. He is currently Director of Research and Analytics at FTSE Russell, a subsidiary of the London Stock Exchange Group.


Previous roles include Head of Representative Office at UBS AG, representing the largest Wealth Manager in Ukraine, and Head of Research at Millennium Capital. Sergiy is a chartered certified accountant, having started his career at Price Waterhouse in 1994, and graduating from the London School of Economics.

Olof Nils Anders Rapp - Non-Executive Director

Olof Rapp was first appointed as a director of Pennpetro Plc in 2016 and has served on the board since then. His international experience in aerospace and automotive sectors included managerial positions with Rolls-Royce International, Volvo Truck Corporation and VistaJet International in Latin America, Middle East, and Asia. His final position at Rolls Royce was Regional Director for Malaysia, with overall responsibility for Rolls-Royce Plc's business in Malaysia and Brunei (Aviation, Marine, Nuclear, Oil & Gas). Olof has served as Director of the European Chamber of Commerce Malaysia (EuroCham), as well as Vice President of the Swedish Chamber of Commerce Malaysia (SwedCham) in the past.

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