Russia: Maxim Barskiy Leaves TNK-BP Board

TNK-BP announces that Deputy Chairman of TNK-BP Management Board Maxim Barskiy has decided to leave TNK-BP as of 1 November in order to carry on his professional career outside of the Company.

Maxim Barskiy was appointed Deputy Chairman of the Management Board on June 1, 2010 and performed management of the Company through organizing the operations of the Board and coordinating activities of TNK-BP employees.

“Under Maxim Barskiy’s leadership TNK-BP achieved record results in 2010 and continued to grow in 2011. The Company’s effective expansion beyond its traditional markets, namely the successful acquisition of assets in Vietnam and Venezuela and the planned Solimoes project transaction in Brazil, has laid the foundation for TNK-BP’s transformation into an international oil and gas player. These accomplishments were made possible thanks to Maxim’s focused efforts,” said Mikhail Fridman, Executive Chairman of TNK-BP. “These significant achievements driving TNK-BP’s onward development, delivering efficiency growth and enhanced value creation for shareholders going forward.”

“I highly appreciate Maxim’s contribution to TNK-BP’s development and his efforts to increase the value of the Company,” said German Khan​, Executive Director of TNK-BP. “I hope we will have the opportunity to collaborate with Maxim on new projects in the near future.”

 “I’m grateful to TNK-BP for the unique opportunity to obtain new knowledge and skills through managing one of the world’s leading private oil and gas companies,” said Maxim Barskiy. “Strong leadership, the ability to set ambitious plans and the commitment to deliver on them have always been distinguishing characteristics of TNK-BP. Development of the Company’s strategy and solving day-to-day operational tasks, both in Russia and abroad, have provided me with invaluable experience that I will most certainly use in the future.”

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Source: TNK-BP, October 21, 2011