Rosneft’s Executive Bodies
Rosneft’s executive bodies Responsible for the management of the Company’s day-to-day operations
Management Board of Rosneft
The Management Board acts for the benefit of the Company on the basis of the Russian legislation, Rosneft’s Charter, Regulations on the Collective Executive Body (Management Board), and other internal documents of the Company.
The term of office of a Management Board member is determined by the Charter as three years. The procedure for Management Board formation, the rights, duties and liability of Management Board members, proceedings of the Management Board are governed by the Regulations on the Collective Executive Body (the Management Board) of Rosneft.
Changes to the membership of Rosneft’s Management Board in 2017 were as follows:
- On 5 April 2017, Rosneft’s Vice President and Chief of Staff Yuri Kurilin was appointed to the Management Board for a three-year period (Minutes of the Board of Directors No. 24 dated 7 April 2017)
- On 15 July 2017, Rosneft’s Vice President Vlada Rusakova was appointed to the Management Board to reinforce the Management Board with a top manager responsible for the gas business (Minutes of the Board of Directors No. 2 dated 14 July 2017)
In July 2017, the Board of Directors made a resolution to reappoint for three years the following Management Board members whose terms of office were to expire in 2017: Yuri Kalinin (Deputy Chairman of the Management Board), Eric Maurice Liron, Didier Casimiro, Peter Lazarev, and Zeljko Runje (minutes of the Board of Directors No. 2 dated 14 July 2017).
The size of the Company’s Management Board was not changed in the reporting year and totals 11 members. Rosneft’s Management Board includes the heads of key business lines, operation service and support function segments of the Company.