25 May 2015 17:50

Rosneft appoints new legal support manager

MOSCOW. May 25 (Interfax) - Rosneft has appointed a new legal support manager.

Natalia Mincheva was appointed Vice President for Legal Support instead of Igor Maidannik, the oil company said in a press release.

This is one of a number of appointments made by the company's head, Igor Sechin, on May 25 "in order to enhance the efficiency of the Company's management structure," Rosneft said.

Svetlana Ray will take charge of the company's Supply and purchasing Service, which is being created.

The purchase organization department and material and equipment department are being restructured: as a result three departments will be formed. Those are works and service purchase, inventory control, planning, automation and supply efficiency departments.

Also the function of economics and planning is being centralized: this dimension will be put under control of the Vice President for Economics and Finance Svyatoslav Slavinsky.

Valery Nikitin will take charge of the Company's IT Service instead of Anton Strokovich.

It was also decided to turn Rosneft's retail business into separate legal entity RN-Regional-Sales which will report to the Vice President for retail business and domestic market development Avril Conroy.

"These administrative decisions were taken in order to raise requirements to the company's management for strengthening their responsibility, efficiency and professional competence," Rosneft said.

"Taking into account the extent of the Company's development, we are constantly looking forward to advance the management system in order to enhance production efficiency, transparency and openness of the Company's business as well as getting the maximal revenues for the shareholders of Rosneft," said Chairman of Rosneft Management Board Igor Sechin.