The business strategy implemented by INZERNEFT is focused on ensuring sustainable development of the oil production and refining capacities. At present, Company’s key tasks are to upgrade further the process units, restructure the business, develop the effective interaction model for the Holding’s enterprises, decrease expenses and improve the operational performance.
INZERNEFT shareholding structure (as of December 31, 2020):
- OOO Invest-Oil: 86.5859%;
- OOO GPN-Invest: 6.5863 %;
- ТОС Investments Corporation Limited: 6.6640 %.
INZERNEFT’s corporate governance is based on the principles specified below:
- Observe and protect shareholders’/ investors’ rights granted to them in line with the legislation, Articles of Associations and Company’s regulatory documents.
- Provide the shareholders with reliable and effective methods for exercising their rights and protecting their interests.
- Ensure overall management of the Company’s activity by the INZERNEFT Board of Directors.
- Ensure fair and reasonable management of the Company’s activity by all INZERNEFT’s governance bodies.
- Disclose the true and reliable information about INZERNEFT’s activity promptly and in full; ensure the Company’s financial transparency.
- Implement and maintain the effective system of internal audit over the Company’s financial and business activity.
- Acknowledge and observe the rights and interests of all concerned parties provided by the legislation; implement principles of the socially responsible Company.
- Comply with the business ethics codes.
In accordance with the Charter of INZERNEFT, the Company’s supreme management body is the General Meeting of Shareholders. The Company’s Board of Directors ensures strategic management of the Company’s activities. The Board of Directors has established the Audit Committee and the Staff and Remunerations Committee. These Committees are of an advisory and consultative nature and shall ensure effective performance of the duties by the Board of Directors. The day-to-day operation of INZERNEFT is governed by the General Director of the Company (the sole executive body).
Board of Directors of INZERNEFT
|Deputy Chairman of the Management Board, Deputy CEO for Upstream, Gazprom Neft PJSC|
|Didier Casimiro||Member of the Management Board, First Vice President, Rosneft|
|Kirill A. Kravchenko|
Member of the Management Board, Deputy CEO for Administration, Gazprom Neft PJSC
Ural A. Latypov
Vice President – Head of Security Service, Rosneft
Rostislav R. Latysh
Director of the Consolidated Planning and Reporting Department, Rosneft
Sergei A. Papenko
Head of the Department for Organizational Development and Liaison with Joint Ventures, Gazprom Neft PJSC
Artem V. Prigoda
Operational Planning Advisor in the rank of Vice President, Rosneft
|Deputy Chairman of the Management Board, First Vice President for Oil, Gas, and Offshore Business Development, Rosneft|
Anatoly M. Cherner
Deputy Chairman of the Management Board, Deputy CEO for Logistics, Processing and Sales, Gazprom Neft PJSC
Alexei V. Yankevich
Member of the Management Board, Deputy CEO for Economics and Finance, Gazprom Neft PJSC
Secretary of the Board of Directors – Olga I. Utrobina
Staff and Remunerations Committee of the Board of Directors of INZERNEFT
Kirill A. Kravchenko
|Member of the Management Board, Deputy CEO for Administration, Gazprom Neft PJSC|
|Andrei I. Zhilkin||Director of the HR Department, Rosneft|
|Sergei A. Lyalikov||Head of the HR Support Directorate in the Group Companies, HR Department, Rosneft|
Sergei A. Papenko
|Head of the Department for Organizational Development and Liaison with Joint Ventures, Gazprom Neft PJSC|
|Natalya G. Pradedova||Deputy Head of the Salary & Incentives Directorate, HR Department, Rosneft|
|Sergei S. Saakyan|
Head of the Economics and Investment Business Unit, Economics and Investment Department, Block for Logistics, Refining and Sales, Gazprom Neft PJSC
Audit Committee of the Board of Directors of INZERNEFT
Gennady I. Bukayev
|Vice President, Head of Internal Audit, Rosneft|
Galina Yu. Delvig
|Director of the Office for Internal Audit, Control and Risk Management, Gazprom Neft PJSC|
|Olga B. Kushnir||Head of the Assets Integration Directorate, Consolidated Reporting and Methodology Department, Rosneft|
|Irina V. Shanina||Head of the Financial Reporting and Methodology Department, Gazprom Neft PJSC|
Mikhail L. Osipov
General Director, INZERNEFT
Anton Yu. Fedorov
Deputy General Director for Economics and Finance, INZERNEFT
Andrei N. Trukhachev
Deputy General Director for Corporate Relations and General Issues, INZERNEFT