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NOVATEK elects new Board of Directors
03 October 2008
Moscow, 3 October 2008. OAO NOVATEK (hereinafter «NOVATEK» and/or the «Company») announced that the Extraordinary General Meeting of Shareholders («EGM») has elected a new Board of Directors (the «Board»).
The quantitative composition of the Board of Directors increased to nine members, where seven are
Following the EGM, the new Board held its first meeting where Alexander Natalenko was elected Chairman of the Board. The Board also elected the members of the three Board committees.
The Strategy and Investments Committee comprised of the following members: Ilia Yuzhanov (the chairman), Burckhard Bergmann, Kirill Seleznev and Alexander Natalenko. The Audit Committee comprised of Vladimir Dmitriev (the chairman), Ruben Vardanian and Andrei Akimov. The Corporate Governance and Remuneration Committee comprised ofRuben Vardanian (the chairman), Mark Gyetvay, and Ilia Yuzhanov.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. 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 mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public 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”.
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