As per Rosneft’s Charter, the person performing the functions of the sole executive body and Chairman of the Management Board is the Chief Executive Officer.
Since 2012, the position of the Chief Executive Officer has been held by Igor Sechin. He manages the Company’s day-to-day operations, formulates the Management Board’s agenda, and chairs the Board’s meetings.
The procedure for Management Board formation, the rights, duties and liability of Management Board members, and proceedings of the Management Board are governed by the Regulations on the Collective Executive Body (Management Board) of Rosneft.
Changes in the Board composition
To better address the pandemic-related challenges, improve production and economic efficiency, and strengthen the links with Rosneft’s major regional divisions in implementing promising oil and gas production projects that could become the Company's growth drivers in the medium term, the Board of Directors resolved to change the composition of the Management Board starting on 30 September 2020.
The newly appointed members of the Management Board are:
- Igor Tabachnikov, General Director of LLC RN-Yuganskneftegaz;
- Khasan Tatriev, General Director of Bashneft;
- Vladimir Chernov, General Director of LLC RN-Vankor;
- Ilgam Kuchukov, General Director of JSC Suzun;
- Dina Malikova, President, Chairman of the Board at RRDB Bank (JSC).
The Management Board is also comprised of senior executives responsible for key areas of the Company's activities: upstream, downstream, finance and strategic planning.
The membership of RRDB Bank’s President and Chairman of the Board in Rosneft’s Management Board aims to ensure continuous monitoring of financing availability.
The Vice Presidents, who had previously been members of the Management Board, continued to work for the Company performing their functional responsibilities and assisting the Management Board in their respective areas of expertise.
The size of Rosneft’s Management Board did not change in 2020, totalling 11 members. Nine membership positions have been filled, while two remain vacant.