MOSCOW (AP) — Russia's top oil company Rosneft has appointed a new chairman of the board after Deputy Prime Minister Igor Sechin stepped down as part of President Dmitry Medvedev's purge of senior officials from state companies.
Russian news agencies reported that the Rosneft board’s deputy chair Alexander Nekipelov, a boardmember since 2006, was elected to the top position at the company’s annual general meeeting on Friday.
Sechin, Russia’s energy czar, stepped down in April after Medvedev announced officials shouldn’t serve on the boards of state companies, a move to improve the investment climate.
