24 April 2015
Moscow, 24 April 2015. 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;
Michael Borrell:Senior Vice-President of Total Exploration & Production for Europe and Central Asia;
Robert Castaigne: Member of the Board of Directors of SOCIETE GENERALE, VINCI and SANOFI;
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;
Gennady N. Timchenko: Member of the Board of Directors of PAO 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, Michael Borrell and Gennady Timchenko. The Audit Committee is comprised of Andrei Sharonov (Chairman), Burckhard Bergmann and Robert Castaigne. The Remuneration and Nomination Committee is comprised of Robert Castaigne (Chairman), Burckhard Bergmann and Andrei Sharonov.
The Board of Directors also resolved that Burckhard Bergmann, Robert Castaigne and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange.
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. Upstream activities of the Company’s subsidiaries and joint ventures 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».