TNK-BP Executives Resign Following Rosneft Deal Closure
- The Moscow Times
- Mar. 22 2013 00:00
- Last edited 16:42
Several top TNK-BP managers announced their resignations immediately after theácompletion ofáthe joint British-Russian oil company's acquisition byástate oil giant Rosneft, aánews report said Friday.
Two ofáthe company's executive directors, German Khan andáViktor Vekselberg, andátwo vice presidents, Mikhail Slobodin andáJonathan Muir, ináfarewell letters thanked their former co-workers andáhoped that Rosneft would become theábest company ináthe world following theátakeover, Interfax reported.
But theádeal, which has turned Rosneft intoáthe largest publicly traded oil firm, has also resulted inápersonnel changes among its top managers. Dmitry Avdeyev, who has been Rosneft's vice president inácharge ofáfinances, announced his resignation earlier ináthe week.
Sources close toáthe company told Vedomosti that Avdeyev left byá"mutual consent," noting that theáformer Morgan Stanley investment banker joined theácompany iná2012 specifically toásupervise theáacquisition ofáTNK-BP.
Rosneft has not commented onáAvdeyev's resignation or theáname ofáhis potential successor, Interfax said.
Kommersant reported Friday that Svyatoslav Slavinsky, aásenior banking services executive with Citigroup, could replace Avdeyev.
OnáThursday, Rosneft announced theáclosure ofáits acquisition ofá100 percent ofáTNK-BP forá$55 billion.
Sechin said theácompany would be led primarily byáRosneft managers. "The one who bought [the company] will manage it," Sechin was quoted byáInterfax as saying.