Etalon Group PLC's board accepted Dmitry Kashinsky's resignation as CEO and director.
Kashinsky was COO of the company prior to his CEO appointment earlier in 2018.
The Cyprus-based real estate developer appointed Gennadiy Shcherbina to replace Kashinsky as CEO. Shcherbina has been part of Etalon Group since 2003 and was appointed head of the company's Etalon LenSpetsSMU business unit in St. Petersburg in 2007. He has also been part of the group's management board since April.