BOARD OF DIRECTORS OF LUKOIL APPROVES THE COMPANY’S MANAGEMENT COMMITTEE MEMBERS
Tuesday, July 19, 2005
The Board of Directors of OAO “LUKOIL” held a meeting today in Moscow to work on a number of issues related to the corporate governance.
In particular, based on a proposal by Vagit Alekperov, President of the Company, members of the Management Committee were approved. The candidates for the collegial executive body of the Company had been recommended by the HR and Compensation Committee of the BoD of OAO “LUKOIL”.
Therefore, the Management Committee has the following membership:
| Vagit Alekperov | President |
| Anatoly Barkov | Vice-President |
| Sergei Kukura | First Vice-President |
| Ravil Maganov | First Vice-President |
| Ivan Masliaev | Head of the Main Division of Legal Support |
| Alexander Matytsyn | Vice-President |
| Anatoly Moskalenko | Head of the Main Division of Human Resources |
| Vladimir Nekrasov | First Vice-President |
| Leonid Fedun | Vice-President |
| Evgueni Havkin | Secretary of the Board of Directors |
| Lyubov Khoba | Chief Accountant |
| Dzhevan Cheloyants | Vice-President |
| Vagit Sharifov | Vice-President |
The Board of Directors also approved the principals for the agreements signed with the Management Committee members and determined the remuneration for the Company auditor’s services.
The meeting also approved the activity schedule for the BoD of the Company for 2005-2006.
OAO “LUKOIL” Press Centre also informs about the following changes in the Company’s management: Vladimir Nekrasov, OOO “LUKOIL-Western Siberia” Director General, was appointed First Vice-President to replace Dmitry Tarasov who took the position of Advisor to the President of OAO “LUKOIL”.
Furthermore, the following heads of LUKOIL subsidiaries were appointed Vice-Presidents of OAO “LUKOIL”: Andrey Kuzyaev (President of LUKOIL Overseas Holding Ltd.), Alexei Smirnov (Director General of ZAO “LUKOIL-Neftekhim”), Nikolay Inushin who was also appointed Director General of OOO “LUKOIL-Western Siberia” to replace Vladimir Nekrasov.
