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Rosneft vice president appointed as Bashneft executive director

October 13, 10:18 UTC+3
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MOSCOW, October 13. /TASS/. Andrey Shishkin, Vice President of Rosneft, has been appointed President and Chairman of the Management Board of Bashneft for five years starting from October 13, 2016, Bashneft reported Thursday. Bashneft’s outgoing Executive Director Alexander Korsik and board members have resigned, the company said.

The board of directors has also elected the new Management Board of Bashneft comprising seven Rosneft top managers: Andrey Shishkin, Natalia Mincheva, Andrey Sudakov, Andrey Lazeev, Denis Nyrkov, Rostislav Latysh and Sergey Lobachev.

The board of directors has resolved to convene an extraordinary general meeting of shareholders of Bashneft in Ufa on December 16, 2016, the report said. The agenda includes early resignation of members of Bashneft board, approval of the number of members of Bashneft board, election to Bashneft board.

On Wednesday, Rosneft finalized the transaction on purchase of 50.08% shares of Bashneft for 329.7 bln rubles ($5.2 bln).

The company's preferred shares went up by 2.4% to 1,531 rubles on the Moscow Exchange on Thursday while ordinary shares added half a percent to 3,141.5 rubles on reports about new appointments in the company’s top management.

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