Thursday, April 21 2022 16:25

Lukoil President Vagit Alekperov resigned 

Lukoil President Vagit Alekperov resigned 

ArmInfo. Vagit Alekperov had resigned from his position as the President of Lukoil and from Lukoil's board of directors, the Company's press service reports

Thus, according to the source: "PJSC LUKOIL (hereinafter, the  "Company") announces that the Company's President and member of the  Board of Directors Vagit Alekperov informed the Company about his  decision to resign as a member of the Board of Directors of PJSC  LUKOIL and early resign as President of PJSC LUKOIL,.  The respective  notices of resignation were sent today to the Chairman of the  Company's Board of Directors.  As of 31 March 2022, Vagit Alekperov  owns and votes 3.12% of shares in PJSC LUKOIL. Vagit Alekperov is  also a beneficiary (including through family trusts or mutual funds)  of 5.43% of shares in PJSC LUKOIL, in respect of which he has no  voting rights. Therefore, Vagit Alekperov is not a controlling  shareholder of PJSC LUKOIL."  

Earlier, Alekperov was included in the UK sanctions list due to the  Russian-Ukrainian war.

Alekperov has headed Lukoil since 1993, which is one of the country's  largest private oil companies and produces 2 percent of the world's  oil production.