Vice-President of “Rosneft” became the head of “Bashneft”

Appointed head of “Bashneft” Andrey Shishkin

The Board of Directors of “Bashneft” at the meeting on Thursday voted in favor of the appointment of the Vice-President of “Rosneft” Andrei Shishkin, the President of Bashneft for a period of five years, according to the message oil company. Shishkin appointed to this post on October 13, the report says.

In addition, the Board of Directors ahead of schedule stopped powers seven members of the Board of Bashneft and elected a new Board. According to the announcement, the Board includes seven representatives of “Rosneft”. In addition to Shishkin, who headed the Board, is Vice-President of “Rosneft” for legal support of business Natalia Minchev, Vice President and chief geologist Andrey Laziev, the first Deputy head of the direction of trading oil and oil products, Denis Nyrkov, Director of consolidated planning and reporting Rostislav Latysh, Director of Department Andrey Sudakov and CFO under control “Rosneft” the gas company “ITERA” Sergey Lobachev.

As President and Chairman of the Board “Gazprom” Andrey Shishkin will replace Alexander Corsica, who had headed the company since April 2011. In 2014, the contract to Corsica was extended until 2017. That he prematurely leaves office, Bashneft said Wednesday. At the same sources told RBC that the new President of “Bashneft” will be Andrey Shishkin. A source close to Rosneft said that he will combine the duties of the head of “Bashneft” with the job as Vice-President of “Rosneft”.

The change of management of “Bashneft” took place on the following day, after the company changed the main owner. “Rosneft” on 12 October, closed the acquisition of the state-owned stake in Bashneft (of 50.08%). The sum of transaction made up of 329.7 billion.

“Such things (to change the leadership. RBC) must be done quickly, even in the ideal companies there is a huge amount of risk associated with the period of stagnation a change of the controlling shareholder,” said on Wednesday, RBC close to “Rosneft” source.

In addition, Bashneft said on Thursday that on 16 December in Ufa held an extraordinary General meeting of shareholders of the company. On Wednesday, a source close to Bashneft, told RBC that at the meeting of 16 December, the shareholders will elect a new Board of Directors of the company. Candidates to the Board of Directors of “Bashneft” yet, the source said.

The representative of “Rosneft” Mikhail Leontyev on Thursday declined to comment on candidates for the new Board of Directors of “Bashneft”.

In 2016, the government plans to sell 19.5% of Rosneft, which is now owned by “Rosneftegaz”. On Thursday, the Minister of economic development Alexei Ulyukayev said that the Agency is likely to offer to overestimate of 19.5% of Rosneft, after the purchase of “Bashneft” on the basis of market quotations, transferred “Interfax”.