17 Mar 2022 13:32

Three foreigners leave Lukoil board

MOSCOW. March 17 (Interfax) - Three foreign members of LUKOIL's board of directors have left it.

According to information on Lukoil's web site, the oil company's current board of directors has eight members, whereas previously it consisted of 11 people. Thus, "considering the retired members of the board", it includes: President of the company Vagit Alekperov, Chairman of the Board of Directors Ravil Maganov, Rector of Moscow State Law University Viktor Blazheev, former Chief Accountant of the Company Liubov Khoba, Vice President for Strategic Development Leonid Fedun, former Deputy Finance Minister Sergei Shatalov, President of Matrix Advisors LLC, member of the Rosnano Board of Directors Pavel Teplukhin and Research Director of the Russian Academy of Sciences Institute of National Economy Forecasting Boris Porfiriev.

Thus, the board no longer includes Roger Munnings, chairman of the Russian-British Chamber of Commerce, member of the Institute of Chartered Accountants in England and Wales and the National Council on Corporate Governance, Toby Gati, member of the U.S.-Russia Business Council (USRBC), expert of the Valdai International Discussion Club, and former Austrian Federal Chancellor Wolfgang Schüssel, president of TTG Global LLC, member of the supervisory board of RWE AG, chairman of the board of trustees of the Konrad Adenauer Foundation,.

Lukoil could not be reached for comment on the matter.

In early March, Schüssel was not on the list of candidates for election to the new board of directors, but Gati and Munnings were included, according to earlier reports.

Norilsk Nickel , where Munnings was also on the board, announced the day before that he was leaving the body.