Alexey Kurach to leave the post of Chief Financial Officer of Bashneft

Alexey Kurach, Bashneft’s Vice-President for Economics and Finance and Chief Financial Officer, will leave his post on March 29, 2013. The relevant decision was approved the day before by the Company’s Board of Directors.

Bashneft informs that several candidates for this position are considered now.

Alexey Kurach worked at his post for four years. The press-release of the oil company reports that he is going to take the new responsible position in JSFC Sistema. As Vedomosti informs referring to the unaccredited source since April 1, Alexey Kurach will take the post of Vice-President for Economics and Finance at the Medsi Group of Companies being a part of Sistema.