MOSCOW--(BUSINESS WIRE)--OAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) approved the election of new members to the Board of Directors.
The following members were elected to the Board of Directors:
Andrei I. Akimov: Chairman of the Management Board of Gazprombank (Open Joint Stock Company);
Burckhard Bergmann: Board Member of the Presidium of the German-Russian Chamber of Commerce, Member of the Advisory Board of the Union of German Science Funds;
Yves Louis Charle Justin Darricarrere: President of Total Exploration & Production;
Vladimir A. Dmitriev: Chairman of Vnesheconombank;
Leonid V. Mikhelson: Chairman of NOVATEK’s Management Board;
Alexander Y. Natalenko: Member of the Board of Directors of OAO Rosgeologia, State Prize Laureate and Honored Geologist of the Russian Federation;
Viktor P. Orlov: President of the Russian Geological Society (RosGeo), Chairman of the Science and Engineering Board of OAO Rosgeologia, Member of the Energy Committee of the Russian Union of Industrials and Entrepreneurs, Vice-President of Non-Commercial Partnership Russian Mining Operators;
Gennady N. Timchenko: Member of the Board of Directors of OAO SIBUR Holding, Chairman of the Board of Directors and President of the Ice Hockey Club SKA St-Petersburg, Chairman of the Board of Directors of OOO Kontinental Hockey League; and
Andrei V. Sharonov: Dean of SKOLKOVO Moscow School of Management, Honored Economist of the Russian Federation.
Following the AGM, the Board of Directors held its first meeting whereby Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.
The Strategy Committee is comprised of Alexander Natalenko (Chairman), Andrei Akimov, Burckhard Bergmann, Yves Louis Darricarrere, Vladimir Dmitriev and Gennady Timchenko. The Audit Committee is comprised of Andrei Sharonov (Chairman), Burckhard Bergmann and Viktor Orlov. The Remuneration and Nomination Committee is comprised of Viktor Orlov (Chairman), Burckhard Bergmann and Andrei Sharonov.
The Board of Directors also resolved that Burckhard Bergmann, Viktor Orlov and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange approved on 31 December 2013.
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OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 90% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».