Mikhail Churkin was elected as the Director General of Yaroslavl Mendeleyev Refinery
The extraordinary general shareholders meeting of OAO Slavneft – Yaroslavl Mendeleyev Refinery made a decision to terminate the powers of OAO NGK Slavneft as the sole executive body of the Refinery starting from October 6, 2009.
The shareholders approved the introduction of amendments and addenda to the Refinery’s incorporation documents and elected the Director General of the Refinery to whom the functions of the sole executive body of OAO Slavneft – Yaroslavl Mendeleyev Refinery were delegated. Mikhail Churkin who had earlier been the Chief Executive Officer of the Refinery was appointed to that post.
The above-mentioned actions were performed within the framework of the procedure for enhancement of the corporate governance system carried out by OAO NGK Slavneft.
OAO NGK Slavneft was invested with the powers of the sole executive body of OAO Slavneft – Yaroslavl Mendeleyev Refinery under Contract No. №64537-10/97-441 dated July 08, 1997.
The extraordinary general meeting of OAO Slavneft – Yaroslavl Mendeleyev Refinery shareholders was held in the form of absentee voting. The list of the shareholders for participation in the meeting was made according to the data of the Shareholders’ Register as of September 1, 2009.