24/03/2017

Press release: NIS Board of Directors appoints Kirill Tyurdenev CEO of Serbia’s NIS

The Board of Directors of NIS a.d. Novy Sad has taken the decision to appoint Kirill Tyurdenev (previously First Deputy CEO for Refining, Sales and Distribution) CEO of NIS. The company’s current CEO, Kirill Kravchenko, will continue in his role as Deputy CEO for International Asset Management at Gazprom Neft, with his role on Gazprom Neft’s Management Board extended to now include responsibility for improving efficiency, as well as the implementation of a comprehensive integrated operations management system. In addition to this, Mr Kravchenko will remain a member of the Board of Directors of NIS and will remain involved in strategic decision making on the company’s development, making use of his experience gained in managing Gazprom Neft’s Serbian subsidiary.

Vadim Yakovlev, Chairman of the NIS Board of Directors and Gazprom Neft’s First Deputy CEO, commented: “Throughout the course of his work as CEO of NIS Kirill Kravchenko has radically increased the company’s business efficiency, as well as expanding its presence in the region. NIS has also become a leader in implementing best practice in HSE — and this experience will now be put to good use at Gazprom Neft, where improving operational efficiency is an overriding objective.

NIS’ shareholders greatly appreciate the achievements made by the company’s management: in spite of a challenging macroeconomic environment, NIS continues to demonstrate positive trends in its key operational and financial results, and today holds a leading position in target markets throughout the countries of the Balkans. On behalf of the shareholders I am pleased to confirm my confidence that Kirill Tyurdenev’s experience and professionalism will enable him to ensure NIS’ continued development, directed at improving business efficiency and transforming the company into a strategic player in the Balkans’ energy market.”


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