Management Board

The structure of the Gazprom Neft executive bodies is determined by the Charter and includes the Management Board and the CEO. The Gazprom Neft Management Board is the collective executive body that oversees its day-to-day operations. In accordance with the Charter of Gazprom Neft, the Management Board is formed by the Board of Directors upon recommendation by the Gazprom Neft CEO. The term of office of the Management Board is also determined by the decision of the Board of Directors. The requirements for the professional qualification of the Gazprom Neft Management Board members are established by the Company’s internal documentation.

Company CEO Alexander Dyukov, who was the first to run the Company in December 2006 and was re-elected for another five years in December 2011, serves concurrently as the Chairman of the Management Board, whose functional duties include organising the activities of the Management Board. In the absence of the Management Board Chairman, his functions are performed by one of three Deputy Management Board Chairmen: V.V. Yakovlev (First Deputy), V.V. Baranov or A.M. Cherner. Deputies are elected upon the recommendation of the Management Board Chairman by a majority vote of the elected Management Board members. If the Chairman and the deputies are absent, the functions of the Management Board Chairman may be performed by any member of the Management Board based on the decision of the Management Board.

As of 31 December 2014, the Gazprom Neft Management Board was comprised of 10 members: the CEO and his deputies who act in accordance with the powers allocated to them by the CEO.

22 meetings

of the Gazprom Neft Management Board took place in 2014

Management Board members as of 31 December 2014

DYUKOV  ALEXANDER VALERYOVICH
DYUKOV
ALEXANDER VALERYOVICH
CHAIRMAN OF THE MANAGEMENT BOARD CEO OF OJSC GAZPROM NEFT

Born in 1967, graduated from Order of Lenin Leningrad Shipbuilding Institute

2005-2006, President of OJSC SIBUR Holding.

2006, CEO of LLC SIBUR.

2006, Chairman of the Board of Directors of OJSC SIBUR Holding.

2011, Deputy Chairman of the Management Board of CJSC SIBUR Holding.

2006, President of OJSC Gazprom Neft.

2007, Chairman of the Management Board and CEO of OJSC Gazprom Neft.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

0.005357244% (254,003 shares)

BARANOV  VITALY  VITALYEVICH
BARANOV
VITALY VITALYEVICH
DEPUTY CHAIRMAN OF THE MANAGEMENT BOARD AND DEPUTY GENERAL DIRECTOR FOR ORGANISATIONAL MATTERS

Born in 1966, graduated from St Petersburg University of Economics and Finance in 1993 with a major in Economy and Production Management.

2008, completed training at the London Business School (London, UK) MBA, Senior Executive Programme.

2003, successively held the positions of Advisor, President for General Affairs and Chief of the Presidential Administration at the SIBUR Group.

May 2006, Vice President for Organisational Matters of LLC SIBUR.

March 2009, Deputy CEO of Gazprom Neft for Organisational Matters.

June 2009, Member of the Management Board of Gazprom Neft.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

0.0032% (149,880 shares)

CHERNER ANATOLY MOISEYEVICH
CHERNER
ANATOLY MOISEYEVICH
DEPUTY CHAIRMAN OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR LOGISTICS, PROCESSING AND SALES

Born in 1954, graduated from Grozny Oil Institute.

2006-2007, Vice President of OJSC Sibneft for processing and sales.

December 2007, Member of the Management Board of OJSC Gazprom Neft and Deputy CEO for Logistics, Processing and Sales.

Responsible for oil refining and the logistics and sales of oil and petroleum products at the Company.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

YAKOVLEV VADIM VLADISLAVOVICH
YAKOVLEV
VADIM VLADISLAVOVICH
DEPUTY CHAIRMAN OF THE MANAGEMENT BOARD AND FIRST CEO

Born in 1970, graduated from Moscow Engineering Physics Institute and the Graduate School of Finance at the International University in Moscow. In 1999, he earned the qualification of the Chartered Association of Certified Accountants (ACCA). In 2009, he earned a diploma from the British Institute of Directors (ID).

2005-2006, Deputy CEO for Economics and Finance of LLC SIBUR-Russian Tyres.

2006-2007, Head of the Budget Planning Department of OJSC Sibneft.

September-December 2007, Vice President of Finances of OJSC Gazprom Neft.

October 2007, Member of the Management Board of OJSC Gazprom Neft and Deputy CEO for Economics and Finance since December 2007.

May 2010-August 2011, First Deputy CEO and CFO of OJSC Gazprom Neft.

August 2011, First Deputy CEO of OJSC Gazprom Neft.

The Company handles matters related to exploration and production, strategic planning as well as merger and acquisition transactions.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

0.001051526% (49,856 shares)

ANTONOV  IGOR KONSTANTINOVICH
ANTONOV
IGOR KONSTANTINOVICH
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR SECURITY

Born in 1951, graduated from Leningrad Aviation Instrumentation Institute

2000-2005, CEO of St Petersburg Unitary Enterprise Informatika.

2005-2007, Vice President for Security at OJSC Sibneft.

December 2007 until present, Deputy CEO for Security of OJSC Gazprom Neft

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

BARYSHNIKOV VLADISLAV VALERYEVICH
BARYSHNIKOV
VLADISLAV VALERYEVICH
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR INTERNATIONAL BUSINESS DEVELOPMENT

Born in 1965, graduated from the Red Banner Military Institute.

2002-2009, Director of the Gazprom representative office in China and the regional representative office in Asia-Pacific Region countries.

State Councillor of the Russian Federation, third class.

April 2009, Deputy General Director for International Business Development and a member of the Gazprom Neft Management Board since November 2009.

Handles matters related to international business development and interaction with foreign partners at the Company.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

DYBAL ALEXANDER MIKHAILOVICH
DYBAL ALEXANDER MIKHAILOVICH
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR CORPORATE COMMUNICATIONS

Born in 1966, graduated from Leningrad Electrotechnical Institute.

2005-2007, Chairman of the Board of Directors of OJSC Gazprom Media.

February 2007, Vice President of OJSC Gazprom Neft and Advisor to the Chairman of the Gazprom Management Board.

December 2007, Member of the Gazprom Neft Management Board and Deputy CEO for Corporate Communications.

Responsible for regional and information policy as well as internal corporate and marketing communications at the Company.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

ILYUKHINA  ELENA ANATOLYEVNA
ILYUKHINA
ELENA ANATOLYEVNA
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR LEGAL AND CORPORATE AFFAIRS

Born in 1969, graduated from Ulyanov (Lenin) St Petersburg State Electrotechnical University and St Petersburg State University. Awarded academic degree of candidate of economic sciences in 2001.

2001-2007, Deputy CEO of FSUE Rublevo-Uspensky LOK of the Russian Presidential Administration.

Prior to appointment at OJSC Gazprom Neft, served as Executive Director of LLC Northwest Investment Company.

December 2007, Member of the Gazprom Neft Management Board and Deputy CEO for Legal and Corporate Affairs.

Responsible for legal and corporate support for the Company’s operations.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

KRAVCHENKO KIRILL ALBERTOVICH
KRAVCHENKO
KIRILL ALBERTOVICH
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR FOREIGN ASSET MANAGEMENT

Born in 1976, graduated from Lomonosov Moscow State University, the Open University and IMD Business School. Doctor of Economic Sciences and a Professor.

2004-2007, Administrative Director of OJSC EuroChem MCC. Elected to the boards of directors of major companies over the years.

April 2007, Vice President of OJSC Gazprom Neft.

December 2007, Member of the OJSC Gazprom Neft Management Board and Deputy CEO for Organisational Affairs.

February 2009, General Director of NIS a.d. Novi Sad.

March 2009, Deputy CEO of OJSC Gazprom Neft for Foreign Asset Management.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

0.000068462% (3,246 shares)

YANKEVICH ALEXEY VIKTOROVICH
YANKEVICH
ALEXEY VIKTOROVICH
MEMBER OF THE MANAGEMENT BOARD AND DEPUTY CEO FOR ECONOMICS AND FINANCE

Born in 1973, graduated from St Petersburg State Electrotechnical University and Leti-Lovanium International School of Management.

2004, earned the qualification of a Certified Management Accountant (CMA).

2005-2007, Deputy CFO of LLC LLK-International.

2007-2011, Head of the Budget Planning Department and Head of the Directorate of Economics and Corporate Planning of OJSC Gazprom Neft.

2011-2012, Acting Deputy CEO for Economics and Finance of OJSC Gazprom Neft.

March 2012, Member of the Management Board and Deputy CEO for Economics and Finance of OJSC Gazprom Neft.

INTEREST IN CHARTER CAPITAL (AS OF 31 DECEMBER 2014)

Does not own Company shares

Main items on the Agenda of Management Board meetings

No.

Item

1. Acquisition of a 100% stake in the charter capital of LLC Aero TO.
2. Performance results of the Logistics, Processing and Sales Unit for 2013 and the performance results of the Exploration and Production Unit for 2013.
3. Results of the audit of the Gazprom Neft Group reserves for 2013.
4. Implementation of the Gazprom Neft Investment Programme and Budget (financial plan) for 2013 based on the Company’s performance results for 2013.
5. Approval of a new version of the Gazprom Neft Corporate Code.
6. Results of the Integrated Risk Management System (IRMS) operated by Gazprom Neft for 2013, areas of development for the IRMS and approval of the List of Key Risks for the Company for 2014.
7. Acquisition of stakes in the charter capital of newly established companies — Serbskaya Generaciya d.o.o and Te-To Pancevo d.o.o. by NIS a.d. Novi Sad.

8. Concept for the restructuring of the Gazprom Neft bitumen business.
9. Acquisition of a 100% stake in the charter capital of LLC YUGRA-INTEK.
10. Increase in the charter capital of Pannon Naftagas Kft.
11. Termination of participation by NIS a.d. Novi Sad in Jubos d.o.o. Bor due to its liquidation.
12. Payment of dividends at the Gazprom Neft Group.
13. Status and effectiveness of the implementation of the Gazprom Neft Investment Programme for 2014 based on the Company’s performance results in the first half of 2014. Amendments to the Company’s Investment Programme and Budget (financial plan) for 2014.
14. Increase in the charter capital of Naftagas — Naftni servisi d.o.o. Novi Sad, Naftagas — tehnički servisi d.o.o. Zrenjanin, Naftagas — Transport d.o.o. Novi Sad and NTC NIS — Naftagas d.o.o. Novi Sad.
15. Reorganisation of CJSC Gazpromneft-Aero in the form of the absorption of LLC Gazpromneft-Aero Ulyanovsk.
16. Preliminary results of the implementation of the Gazprom Neft Investment Programme and Budget for 2014 and the projects of the Investment Programme and Budget (financial plan), including the Gazprom Neft Group’s financial borrowing programme, the Cost Optimisation Programme of Gazprom Neft for 2015 and the forecast for 2017.
17. Alienation by LLC Gazpromneft-Nefteservice of a 49% stake in the charter capital of LLC Noyabrskneftespetsstroy by Gazpromneft-Nefteservice.

INFORMATION ON CHANGES TO MEMBERS OF THE COMPANY’S MANAGEMENT BOARD THAT TOOK PLACE IN 2014.

In 2014, the following changes were made to the members of the Company’s Management Board:

  • Vitaly Baranov was re-elected for a new term at the expiration of his first term as a member of the Management Board — five years starting from 24 June 2014 (decision of the Board of Directors in Minutes No. PT–0102/28 dated 24 June 2014)
  • Vladislav Baryshnikov was re-elected for another term at the expiration of his term as a member of the Management Board — five years starting from 18 November 2014 (decision of the Board of Directors in Minutes No. PT–0102/54 dated 18 November 2014)

No other changes in Management Board members took place.

No claims were filed against the General Director or members of the Management Board in 2014.

Attendance of meetings by Management Board members in 2014
Member of the Board of Directors Number of meetings attended by a Management Board member Number of meetings that could have been attended
Dyukov Alexander Valeryevich
Chairman of the Management Board
21 22
Yakovlev Vadim Vladislavovich 21 22
Yankevich Alexey Viktorovich 20 22
Baranov Vitaly Vitalyevich 18 22
Cherner Anatoly Moiseyevich 22 22
Ilyukhina Elena Anatolyevna 21 22
Dybal Alexander Mikhailovich 20 22
Baryshnikov Vladislav Valeryevich 16 22
Antonov Igor Konstantinovich 21 22
Kravchenko Kirill Albertovich 16 22

ACTIVITIES OF MANAGEMENT BOARD IN 2014

The Gazprom Neft Management Board considers matters on a scheduled basis taking into account the decisions of the General Meeting of Shareholders and the Board of Directors as well as matters submitted by the CEO and Management Board members. The Management Board’s work plan is also established on the basis of proposals from the heads of Gazprom Neft structural units.

As one of the additional tools used to inform members of the Board of Directors about the Company’s performance results, the Charter and Regulations on the Gazprom Neft Management Board contains provisions for MD&A management reports, consisting of management’s discussion and analysis of financial conditions and of operational results, to be sent to members of the Board of Directors on a quarterly basis.

In 2014, there were 22 meetings of the Gazprom Neft Management Board, including 7 in-person meetings and 15 voting surveys during which various issues of the day-­to-day operations of the Company’s Management Board were considered.