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Monday, October 01, 2007

Gazprom hands execs extra time

01 October 2007 - Upstream OnLine - The state-controlled board of Russian gas giant Gazprom has extended the contracts of five key managers, including export chief Alexander Medvedev, the company said in a statement released today. Contracts have been also extended for the head of the gas production department, Vasily Podyuk, the head of the legal department, Konstantin Chyuichenko, the head of domestic sales arm Mezhregiongas, Kirill Seleznyov, and the head of the regional relations department, Viktor Ilyushin. All contracts have been extended for another five years. The move followed reports in the local press the government might go ahead with a major management reshuffle at Gazprom, Reuters said.

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