Former TNK-BP CFO Muir to head Alfa Group investment holding
MOSCOW. June 11 (Interfax) - The former chief financial officer of TNK-BP , Jonathan Muir will head the international investment holding that Alfa Group is creating with the money it earned from the sale of its stake in the oil company, a source familiar with the situation told Interfax.
The source did not specify the name of the new holding, saying it was "premature to talk about this."
Muir worked at TNK-BP from the company's inception with the merger of BP assets and Russia's TNK in 2003, and was one of the first senior executives to leave TNK-BP on the day it was bought by Russian state oil major Rosneft on March 21, 2013.
The ownership structure in the new holding will remain in its current state, with Alfa Group's current shareholders acting as the owners.
Mikhail Fridman will serve as the chairman of the new holding's board of directors. German Khan and Stan Polovets will oversee the oil and gas division, with Khan acting as the CEO of the oil and gas subsidiary. Altimo CEO Alexei Reznikovich is expected to be in charge of the telecommunications division. Alfa Group is also thinking about creating another industry subsidiary, which would be engaged in new, promising business segments.
As for the holding's planned investments, the geography will be very broad, encompassing Russia, the Commonwealth of Independent States (CIS), North and South America, Africa and Asia. The new company will be based in Moscow and London.
The Alfa-Access-Renova consortium earned $28 billion from the sale of its 50% stake in TNK-BP to Rosneft , with Alfa Group earning about $14 billion of this amount.