OREANDA-NEWS. February 25, 2016. Black Earth Farming Ltd. ("Black Earth Farming" or "the Company"), a leading farming company operating in Russia, announces the appointment of Mr. Rostislav Samotsvetov as new Chief Financial Officer. He will take over from Mr. Erik Danemar, who will leave the Company effective 31st March 2016 to pursue other opportunities.

Mr Samotsvetov has been working as Deputy CFO since August 2015 and has with Mr. Danemar managed the transition of the finance team from Moscow to Voronezh. He has more than fourteen years of experience in finance from working in various positions within Procter and Gamble, Danone, Walgreens, Avito and others. He holds a MA in Economics degree from the Central European University.

Black Earth Farming's Chief Executive Officer, Mr. Richard Warburton, comments; "I would like to thank Erik for his huge contribution to the development of the finance function and wider business. We have very much appreciated his work and professionalism and wish him all the best in the future. Rostislav and the newly established team in Voronezh have already made a strong impact on commercial support and strategy and we look forward to building on this in future."