MOSCOW, March 11 (Reuters) - Two of the tycoons who sharedcontrol of Russia's third largest oil producer with BP for much of the past decade will leave their management posts atthe end of the week when their sale of the company to Rosneft is closed.
Sources close to management said German Khan, a TNK-BPshareholder and the firm's de facto chief in recent years, willleave the company by Friday with Viktor Vekselberg, a metals andmining tycoon who holds a nominal senior post.
Several other high-level executives, including the heads ofthe upstream division, legal department and head of security,will leave with the tycoons as parties to the sale agreementbetween Rosneft and the Alfa-Access-Renova, the consortium whichrepresents Khan and his partner Mikhail Fridman, chairman of theAlfa Group, Vekselberg, and Len Blavatnik of Access Industries.
"Work in the new (combined Rosneft-TNK BP) structure was notvery appealing so it was better to take a decent parachute,"said one source close to the TNK-BP management.
BP (BP.)