NOVATEK elects new Board of Directors

NOVATEK elects new Board of Directors

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 new Board is comprised of the following members:

The quantitative composition of the Board of Directors increased to nine members, where seven are non-executive directors.

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 one of the largest independent natural gas producers 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. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, 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.

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