NOVATEK Board of Directors Increases Size of Management Committee
OAO Novatek
NOVATEK’S BOARD OF DIRECTORS INCREASES SIZE OF MANAGEMENT COMMITTEE
Moscow, 4 December 2009. The Board of Directors (the
“Board”) of OAO NOVATEK (“NOVATEK” and/or the “Company”) has approved
the decision to increase the size of the Company’s Management Committee
from eleven to fifteen members to better reflect the current scale and
diversity of NOVATEK’s operating activities.
The Company’s Board has elected the following individuals to NOVATEK’s
Management Committee:
Evgeny A. Kot: Deputy Chairman of the Management Committee -
Director of LNG Project Department.
Iosif L. Levinzon: Deputy Chairman of the Management Committee.
Valery N. Retivov: Deputy Chairman of the Management Committee -
Director of Liquid Hydrocarbons Sales and Marketing Department.
Lev V. Feodosiev: Director of Strategic Planning and Development
Department.
Biographical information for all members of NOVATEK’s Management
Committee is available on the Company’s web site (www.novatek.ru).
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OAO NOVATEK is Russia’s largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, the
Company is engaged in the exploration, production, processing and
marketing of natural gas and liquid hydrocarbons. The Company’s upstream
activities are concentrated in the prolific Yamal-Nenets Region, which
is the world's largest natural gas producing area and accounts for over
90% of Russia's natural gas production and 20% of the world’s gas
production. NOVATEK is an open joint stock company established under the
laws of the Russian Federation. The Company’s shares are listed on the
Russian Trading System (RTS) and the London Stock Exchange (LSE) under
the ticker symbol ‘NVTK’ and on the NASDAQ PORTAL System as Rule 144A
GDR under the ticker symbol “NVATY”.
