23 Aug 2013 07:00
Rosneft President and Management Board Members Increase Stakes in Charter Capital
Rosneft President and members of the Management Board have increased their interests in the Company's charter capital as follows:
· Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0% to 0.0075%
· Larisa Kalanda, member of the Management Board, Vice President of Rosneft, increased her holding from 0.0118% to 0.0168%
· Yuri Kalinin, member of the Management Board, Vice President of Rosneft, increased his holding from 0% to 0.0001%
· Didier Casimiro, member of the Management Board, Vice President of Rosneft, increased his holding from 0% to 0.0011%
· Peter Lazarev, member of the Management Board, Financial director of Rosneft, increased his holding from 0.0011% to 0.0027%
· Igor Pavlov, member of the Management Board, Vice President of Rosneft, increased his holding from 0.000003% to 0.0010%
· Andrey Votinov, member of the Management Board, Vice President of Rosneft, increased his holding from 0% to 0.00001%
Rosneft's management participation in the charter capital is in line with best international practices and is also an integral part of Rosneft corporate culture. Executives are incentivized to improve the Company's performance, as well as its operating and financial results.
The increase in the charter capital of Rosneft's top managers exemplifies the confidence in the Company's further progress and the growth of its shareholder value.