19 Feb 2020 09:30

Gazprom reassigns 'exchange' department to Markelov, risk department to Sadygov

MOSCOW. Feb 19 (Interfax) - Following the elimination of the position of deputy CEO-chief of staff at Gazprom and Mikhail Sereda's transfer to other group companies, the departments he used to oversee at the Russian gas giant are being handed to other executives, a source familiar with the situation told Interfax.

Department 234 will become Department 334 and will now answer to Vitaly Markelov, who oversees production and sales. The department, created in 2014, initially focused on formulating a unified position aimed at developing exchange trading, the creation of a trading organizer and other objectives and activities aimed at developing exchange trading in Russia and other countries in the former Soviet Union. But later the department focused on management and control of Gazprom's international sales subsidiaries, commercial evaluation of the export contracts of Gazprom and Gazprom Export, and evaluation of applications for supplies and transport within the context of export contracts.

Department 243 will become Department 843 and answer to deputy CEO for finance Famil Sadygov. This department, which is responsible for risk management and was created in 2018 on the basis of the corresponding directorate, is the most mysterious, as its management is reluctant to publish information about it on the corporate website. No press release was issued on the creation of the new department, which is headed by Dmitry Pashkovsky.

Earlier this week Mikhail Sereda was appointed first deputy CEO of Gazprom Export LLC and CEO of the new wholly owned Gazprom subsidiary Gazprom Trading LLC.