Please activate JavaScript in your browser to use all interface options.
Rosneft has taken important decisions as part of the principal stage of TNK-BP integration, as a result of which the united Company improved efficiency of its corporate structure and introduced uniform performance standards.
Rosneft Management Board cancelled standards of corporate governance in effect in TNK-BP and approved uniform policies and standards for the entire structure of Rosneft, which come into force and apply to the united company from this point on.
Rosneft President and Chairman of the Management Board Igor Sechin continued to form a new efficient governance structure for HQ and Company’s subsidiaries by making a number of appointments. HRM decisions have been taken solely to step up requirements for the Company’s management, strengthen their responsibility, efficiency and professionalism.
With this in view, Rosneft faced the following staff changes:
“This way, our Company has completed the principal stage of integration and formed the Company’s governance structure upon acquisition of TNK-BP. Today, given the scale of the corporate development, we introduce a uniform policy and standards based on present-day operating principles in order to enhance production performance, transparency and openness of the Company’s operations and gain maximum returns for Rosneft’s shareholders,” Igor Sechin said.
Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
May 20, 2013
These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.