Putin's friend's son Boris Kovalchuk has left his post as head of Inter RAO. According to Bloomberg, he will become the Russian energy minister

The Board of Directors of PJSC Inter RAO has decided to terminate the powers of the company's CEO Boris Kovalchuk early, effective March 14, Interfax reports, citing a statement from the company.

The new CEO, as of March 15, is the former Vice-Governor of St. Petersburg, Sergei Dregval, who previously worked in the energy sales companies of the Inter RAO group and also headed Rosseti Ural.

Kovalchuk headed Inter RAO since 2009. His term was due to expire in 2025.

• The Kommersant newspaper was the first to report that Boris Kovalchuk would leave Inter RAO on March 11. According to the newspaper, a "fundamental decision" was made that Kovalchuk "is going for a promotion." The newspaper's sources suggested that the top manager could head Gazprom, Rosneft, become deputy prime minister instead of Alexander Novak, or become governor of St. Petersburg instead of Alexander Beglov. At the same time, Bloomberg's Russian sourcessaid that Boris Kovalchuk could become the Russian Minister of Energy instead of Nikolai Shulginov.