The Board of Directors of Rosneft Oil Company declare the appointed First Vice-President Eduard Khudainatov the President of the Company starting from September 6, 2010.

Prior to his appointment as Rosneft's President Eduard Khudainatov has been Vice-president of Rosneft and then First Vice-President. He was responsible for exploration, production and strategic projects. Prior to join Rosneft Eduard Khudainatov was the General Director of Severneftegaz, subsidiary of Gazprom, where he successfully implemented the development of Yuzhno-Russkoye field, one of the largest oil and gas fields in Russia. Before Severneftegaz Eduard Khudainatov occupied leading positions in the Russian public authorities, including the Executive Office of the Russian President.

Rosneft's Chairman Igor Sechin said, 'Rosneft today is the leader of the Russian oil industry. I'm confident that Eduard Khoudainatov has the experience and insights to lead the management team as Rosneft enters its next stage of development.'

Tags: Rosneft