Chairman of the Board of Directors of the Alfa Group consortium Mikhail Fridman resigned from his posts as chief managing director of the TNK-BP group and chairman of the board of TNK-BP Management, which manages TNK-BP assets in Russia and Ukraine.

Officially, the resignation of M. Friedman, who represents the Alfa Access/Renova (AAR) consortium in the management of TNK-BP, of which he is one of the owners, will take place only in 30 days. But already now the direct management of the company will be carried out by other top managers, to which M. Fridman himself has already issued the corresponding powers of attorney. These powers of attorney will continue to be valid even after M. Fridman’s dismissal from his post, the TNK-BP press service emphasizes.

It is also noted that the remaining representatives of AAR, including executive directors German Khan and Viktor Vekselberg, remain on the board of TNK-BP.

TNK-BP is one of the leading oil companies in Russia and is one of the ten largest private oil companies in the world in terms of oil production. The company was founded in 2003. as a result of the merger of the oil and gas assets of British Petroleum in Russia and the oil and gas assets of the Alfa Access/Renova consortium (AAR). BP and AAR own TNK-BP on a parity basis.

Let us remind you that for the 2003 deal. between TNK and BP M. Friedman was named one of the most outstanding entrepreneurs of the year (international magazine BusinessWeek) and one of the 25 business leaders of the new Europe (Financial Times).

M. Fridman left senior positions at TNK-BP