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Mikhail Fridman Resigns as CEO of TNK-BP

Source: www.gulfoilandgas.com 5/28/2012, Location: Asia

Mikhail Fridman has submitted a letter of resignation to TNK-BP Ltd.ís Board of Directors, notifying his resignation from the position of Chief Executive Officer of the TNK-BP Group.

Mikhail Fridman has also sent TNK-BP shareholders a letter of resignation from the position of Chairman of the Management Board of TNK-BP Management, a Russian subsidiary of TNK-BP Group which manages the Companyís assets in Russia and Ukraine, including the publicly traded TNK-BP Holding.

Both resignations take effect in 30 days.

After Mikhail Fridmanís resignation, TNK-BP will be managed by a group of executives who hold powers of attorney related to their areas of responsibility.

AAR shareholders German Khan and Victor Vekselberg remain with the business as Executive Directors and Members of the Management Board.

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Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


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