German Khan, Executive Director of OAO TNK-BP Management, was re-elected as the Chairman of the OAO NGK Slavneft Board of Directors at the Meeting of the new Board of Directors held in the absentee form on January 30, 2012.
German Khan has been occupying the position of the Chairman of the OAO NGK Slavneft Board of Directors since July 2005.
The Chairmen and members of the BoD Audit and Staff & Remunerations Committees were elected at the Meeting.
According to the shareholders’ proposal, the Board of Directors has extended the Staff & Remunerations Committee up to 6 members. Vitaly Baranov, Deputy Chairman of the Management Board, Deputy CEO for Administration, ОАО Gazprom Neft, was appointed Chairman of the Staff & Remunerations Committee. Jonathan Muir, Chief Financial Officer of OAO TNK-BP Management, was appointed Chairman of the Audit Committee.
The Committees’ activity is of an advisory and consultative nature and aimed to ensure the efficient performance of functions by the Board of Directors.
On December 22, 2011, the new Board of Directors of OAO NGK Slavneft was elected by the Company’s Extraordinary General Shareholders Meeting.