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The annual meeting of Rosneft shareholders has been held

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The annual meeting of Rosneft shareholders has been held
June 26
08:00 2017

The shareholders’ meeting was attended by journalists who informed the public about the change in the composition of the directors of the Russian oil and Gas Company.

Faisal Alsuwaidi and Ivan Glasenberg have become the new members of the board of directors. The first of them is responsible for research and development in the company Qatar Foundation, and the second one is the chief executive officer of Glencore plc.

The board of directors has been left by Alexander Novak ( the head of the Ministry of Energy) and Andrei Akimov (Chairman of the Board of Gazprombank).

The largest shareholders of Rosneft are: Rosneftegaz (50% + 1 share), BP Russian Investments Limited (19.75%), Glencore together with the sovereign fund of Qatar (19.5%).
The members of the board of directors from the British company BP are: Robert Dudley (president of BP) and Guillermo Quintero (responsible for the regions of Brazil, Venezuela, Colombia, Uruguay).

Andrei Belousov (Assistant of the President of the Russian Federation), Matthias Warnig (Executive Director of Nord Stream 2 AG), Oleg Vyugin (Professor of the Higher School of Economics), Igor Sechin (Chairman of the Board of Rosneft) and Donald Humphreys (ExxonMobil).

Within the meeting, the size of the remuneration of the members of the board of directors was also approved. It is noteworthy that Dudley has traditionally refused the compensation.
Igor Sechin does not exclude the possibility of expanding the board of directors to 11 members. This is done to return Alexander Novak, the head of the Ministry of Energy of the Russian Federation, to Rosneft.

The material was prepared with the participation of  Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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