Novatek shareholders approve BoD election

Novatek, the operator of the Yamal LNG project, informed that its AGM approved the election of new members to the Board of Directors.

As the company informed in a statement, its Board of Directors will consist of:

• Andrei I. Akimov: Chairman of the Management Board of Gazprombank;
• Burckhard Bergmann: Board Member of the Presidium of the German-Russian Chamber of Commerce, Member of the Advisory Board of the Union of German Science Funds;
• Michael Borrell:Senior Vice-President of Total Exploration & Production for Europe and Central Asia;
• Robert Castaigne: Member of the Board of Directors of SOCIETE GENERALE, VINCI and SANOFI;
• Leonid V. Mikhelson:  Chairman of NOVATEK’s Management Board;
• Alexander Y. Natalenko: Member of the Board of Directors of OAO Rosgeologia, State Prize Laureate and Honored Geologist of the Russian Federation;
• Gennady N. Timchenko: Member of the Board of Directors of PAO SIBUR Holding, Chairman of the Board of Directors and President of the Ice Hockey Club SKA St-Petersburg, Chairman of the Board of Directors of OOO Kontinental Hockey League; and
• Andrei V. Sharonov: Dean of SKOLKOVO Moscow School of Management, Honored Economist of the Russian Federation.

Following the AGM, the Board of Directors held its first meeting whereby Alexander Natalenko was elected Chairman of the Board and the members of the three Board committees were elected.

The Strategy Committee is comprised of Alexander Natalenko (Chairman), Andrei Akimov, Burckhard Bergmann, Michael Borrell and Gennady Timchenko. The Audit Committee is comprised of Andrei Sharonov (Chairman), Burckhard Bergmann and Robert Castaigne. The Remuneration and Nomination Committee is comprised of Robert Castaigne (Chairman), Burckhard Bergmann and Andrei Sharonov.

The Board of Directors also resolved that Burckhard Bergmann, Robert Castaigne and Andrei Sharonov are independent directors.

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Image: Novatek