27th May 2009 16:41
NOVATEK ELECTS NEW BOARD OF DIRECTORS
OAO NOVATEK announced that the Annual General Meeting of Shareholders (AGM) has elected new members to the Board of Directors.
The new Board is comprised of the following members:
Akimov, Andrei Igorevich: Chairman of the Management Board of Gazprombank;
Burckhard Bergmann: member of the Board of Directors of NordStream AG, Gazprom, Allianz Lebensversicherungs-AG, Commerzbank AG, E.ON Energie AG, Accumulatorenwerke Hoppecke, Jaeger Beteiligungsgesellschaft mbH & Co KG, MAN Ferrostaal AG and Telenor;
Dmitriev, Vladimir Alexandrovich: Chairman of the Board of Directors of State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)";
Gyetvay, Mark Anthony: Deputy Chairman of the Management Board, Chief Financial Officer of NOVATEK;
Mikhelson, Leonid Viktorovich: Chairman of the Management Board of NOVATEK;
Natalenko, Alexander Yegorovich: Chairman of the Board of Directors of NOVATEK, State Prize Laureate and Honored Geologist of the Russian Federation;
Seleznev, Kirill Gennadievich: member of the Management Board of Gazprom, Director of Gazprom's Gas and Liquid Hydrocarbons Marketing and Processing Department and General Director of Mezhregiongaz;
Timchenko, Gennady Nikolaevich: Chairman of the Board of Transoil; and
Vardanian, Ruben Karlenovich: Chairman of the Board of Directors of Troika Dialog Group.
The new Board is comprised of seven non-executive directors.
Following the AGM, the new Board held its first meeting where Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.
The Strategy and Investments Committee is now comprised of the following members: Alexander Natalenko (the chairman), Mark Gyetvay, Kirill Seleznev and Gennady Timchenko. The Audit Committee is now comprised of Vladimir Dmitriev (the chairman), Ruben Vardanian and Andrei Akimov. The Corporate Governance and Remuneration Committee is now comprised of Ruben Vardanian (the chairman), Alexander Natalenko and Burckhard Bergmann.
For further information, please visit www.novatek.ru or contact:
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OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated in the prolific Yamal-Nenets Region, which is the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% of the world's gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company's shares are listed on the Russian Trading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol 'NVTK' and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2009
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