Barsky ready to leave TNK-BP if not named CEO by year-end - FT
MOSCOW. July 4 (Interfax) - TNK-BP Deputy CEO Maxim Barsky is ready to leave the company if he is not named CEO by year-end, Barsky told the Financial Times.
Barsky's appointment to the top job is being held up for two reasons: "reluctance by the shareholders to accept an independent management and inability to come to an agreement on his contract," the FT said.
Barsky is prepared to leave the company unless agreement is reached before year-end.
Barsky's appointment has been delayed several times and is now on hold indefinitely, although the shareholders say they are continuing work to agree the necessary documents.
The CEO position is currently held by Mikhail Fridman, one of the Russian shareholders. In the meantime, Barsky has been given broad management authority in his position as deputy CEO.
TNK-BP is the third biggest Russian oil company by production (including Slavneft production attributable to TNK-BP). It accounts for about 16% of total Russian production.
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