PJSC LukOil Results of the Board of Directors Meeting (9913S)

TIDMLKOD

RNS Number : 9913S

PJSC LukOil

14 July 2020

LUKOIL BOARD OF DIRECTORS APPROVES MEMBERS OF THE COMPANY MANAGEMENT COMMITTEE

The Board of Directors of PJSC LUKOIL held a meeting in Moscow today. The following quantitative and personal composition of the Management Committee was approved:

 
 Vagit Alekperov      President 
 Vyacheslav Verkhov   Chief Accountant 
 Vadim Vorobyev       First Executive Vice President 
 Denis Dolgov         Vice President for Power Generation 
 Pavel Zhdanov        Vice President for Finance 
 Ilya Mandrik         Vice President for Exploration and Development 
 Ivan Maslyaev        Vice President - General Counsel 
 Alexander Matytsyn   First Vice President 
 Anatoly Moskalenko   Vice President for Human Resources Management 
                       and Social Policy 
 Oleg Pashaev         Senior Vice President for Sales and Supplies 
 Denis Rogachev       Senior Vice President for Overseas Oil 
                       and Gas Production 
 Gennady Fedotov      Vice President for Economics and Planning 
 Evgeny Khavkin       Vice President - Chief of Staff of PJSC 
                       LUKOIL 
 Azat Shamsuarov      First Vice President 
 

The Board of Directors has taken the decision on a one-off bonus to the President of PJSC LUKOIL, approved the principal terms and conditions of contracts with the members of the Management Committee and determined the amount of payment for the services of the Company's auditor (JSC KPMG) for the audit of 2020 accounting (financial) statements of the Company. Amendments were made to the 2020 Annual Audit and Consulting Engagements Plan for the Internal Audit Service of LUKOIL.

The members of the Board of Directors also debriefed the 2019 Sustainable Development Report and approved the Anti-Corruption Policy of PJSC LUKOIL developed on the basis of Russian and international legislation with recommendations of the Corporate Governance Code and best international practices taken into account. The text of the Policy is published on the Company's website .

In addition, the Board of Directors also reviewed the issue on independence of the members of the Board of Directors of the Company. In accordance with the Moscow Exchange Listing Rules and provisions of the Corporate Governance Code, the following members of the Board of Directors were recognized as independent: V. Blazheev,

T.   Gati, R.   Munnings, P.   Teplukhin, S.   Shatalov, W.   Schüssel. 

The Work Plan of the Board of Directors of PJSC LUKOIL for 2020/2021 was also approved at the meeting.

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July 14, 2020 10:28 ET (14:28 GMT)