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NOVATEK elects new Board of Directors
Mark Gyetvay, Deputy Chairman of the Management Board
Alexander Nazarov, Head of IR
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Mikhail Lozovoy, Press-secretary
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21 April 2017
Moscow, 21 April 2017. PAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) approved the election of members to the Board of Directors.
The following members were elected to the Board of Directors:
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), Robert Castaigne and Viktor Orlov. The Remuneration and Nomination Committee is comprised of Viktor Orlov (Chairman), Robert Castaigne and Andrei Sharonov.
The Board of Directors resolved that Robert Castaigne, Viktor Orlov and Andrei Sharonov are independent directors complying with the independence criteria set forth by the listing rules of the Moscow Stock Exchange.
The Board of Directors also decided to reduce the number of members of the Management Board to eleven (11) members, terminate the membership of Oleg Karpushin and Kirill Yanovskiy, and appoint Sergey Vasyunin, Deputy Chairman of the Management Board - Operations Director, as a new member of the Management Board.
PAO 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 80% of Russia’s natural gas production and approximately 16% 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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