Petrosibir: Appoint Nikolay Millionshchikov as Acting CEO

The Board of Petrosibir has appointed Nikolay Millionshchikov acting CEO of Petrosibir.

Petrosibir has previously announced that Dmitry Zubatyuk has decided to resign as CEO. The Board has appointed Nikolay Millionshchikov acting CEO of Petrosibir. Nikolay Millionshchikov assumes the position on 9 May 2016. The Board will leave it to the board that will be appointed at the AGM on 24 May 2016 to make the appointment permanent. The Board has obtained the major shareholders’ views on the appointment of Nikolay Millionshchikov.

Nikolai Millionshikov has 14 years experience from the oil and gas industry and has a Master’s degree in geology from Moscow State University. He also has a PhD in Mathematics from Moscow State University and a Diploma in Financial Management. Nikolai has worked in companies such as RITEK, West Siberian Resources, CH-Neftegaz, Matra and Rus Oil. Since 2014 Nikolai works in First Oil as Exploration and Production Director, responsible for technical departments and development strategy.