Rosneft announces its Board of Directors has held a scheduled meeting. In compliance with the guidelines of the Government of the Russian Federation Rosneft BoD appointed Igor Sechin CEO of the Company starting May 24, 2015.
In accordance with the corporate Charter of Rosneft the Board of Directors approved the contract with Igor Sechin for the term of five years. The terms of the contract are determined by the Company’s Payments and Compensations Standard for top managers.
Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Rosneft activities include hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad.