The Board of Directors is preparing for the sale of Bashneft will consider the early resignation of the President of the oil company Alexander Corsica, reports RBC.

He has been in office since April 2011. In March 2014, Bashneft has extended his contract until April 2017. Alexander Korsik previously offered as one of the best options of privatization of “Bashneft” the gradual sale of the company’s shares on the stock exchange.

In addition, we will consider early termination of powers of Board members and election of the new composition.

Under the previous major acquisitions “Rosneft” was found in its structure a place for the employees, but when you join Bashneft’s key leaders can be claimed, wrote the newspaper “Kommersant” , citing the opinion of experts.

According to RBC, the President of the company will be Andrei Shishkin, who now occupies the post of Vice-President of “Rosneft” on power and localization. This information was confirmed by a source close to “Rosneft”.

The representative of “Bashneft” and “Rosneft” buying a controlling stake in the company, declined to comment.

October 10 the staff of “Bashneft” has received letters from Alexander Corsica on the forthcoming privatization and the possible changes. In it, he advises subordinates to focus on work and not think about the bad.

On the same day, we will remind, Dmitry Medvedev has signed the order about sale of state block of shares of “Bashneft” single buyer “Rosneft”.

The deal will amount to 329 billion 690 million rubles. Up to 14 October “Rosneft” is obliged to pay to the state and to state-owned package of shares of “Bashneft”.

Chapter preparing for the sale of “Bashneft” will retire early 12.10.2016

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