2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Lukoil management is an efficient team of top-level managers. The priority areas of the corporate policy of Lukoil's management are the principles of increasing the company's competitiveness, efficient spending of funds and capitalization growth.
The company's top management team includes leading experts in the oil, financial, economic, managerial, scientific, manufacturing and HR industries.
Corporate governance of PJSC Lukoil
The corporate governance of the oil giant includes a hierarchical structure, which consists of the Board of Directors, executive authority and shareholders.
The Lukoil Board of Directors includes Viktor Blazheev, Leonid Fedun, Igor Ivanov, Ravil Maganov, Ivan Pictet, Roger Munnings, Richard Matske, Antonie Guglielmo, Gati Toby Trister. Valery Graifer was elected Chairman of the Board of Directors. The President of the company Vagit Yusupovich Alekperov is also a member of the Board of Directors.
The Board of Directors carries out the general management of the company, deals with issuesstrategic, medium-term and annual planning, leads the debriefing.
The new Board of Directors of the company was established on October 23, 2016 at the annual general meeting of shareholders.
Lukoil's management contributes to the creation of reliable and trusting relationships with the company's shareholders. Thus, it increases the investment attractiveness of the organization.
PJSC Lukoil
Lukoil Public Joint Stock Company is Russia's largest vertically integrated oil and gas company.
Works on the market for over twenty-five years. Was founded in 1991.
Interesting fact: the name of the company is an abbreviation that comes from the names of oil towns - Langepas, Urai and Kogalym and English oil, which means "oil".
Vertical integration of the company's business model means a full production cycle, including geological exploration at the initial stages and the sale of finished products to the end consumer. This model has repeatedly proved its resistance to external market and financial fluctuations.
The company is in second place after PJSC Gazprom in Russia in terms of revenue.
Trademark “Lukoil” is in the top 100 leading global brands according to the Financial Times.
Company activities
The company operates on the principle of a full production cycle, which includes process control at all stages: from oil and gas production to marketing.
The main activity of the companygeographically concentrated in four main macro-regions - the Urals, the South, the North-West and the Volga region, which account for 88 percent of hydrocarbon reserves and 83 percent of oil production.
The leadership of Lukoil in ensuring the company's activities follows the principles of progressive and stable development and maintaining a balance between economic development and the preservation of the environmental background.
Graifer Valery
Graifer Valery Isaakovich - engineer, professor, candidate of technical sciences, Russian and Soviet oilman. In the period from 1985 to 1992, he served as Deputy Minister for the Oil Industry of the USSR. Laureate of state prizes of the USSR and Russia.
Born on 1929-20-11 in Baku (Azerbaijan).
Studied at the Moscow Oil Institute. I. M. Gubkin and the Moscow Institute. G. V. Plekhanov.
Research interests - exploitation of oil fields.
Since 2000, he has been Chairman of the Board of Directors of Public Joint Stock Company Lukoil.
Lukoil management highly appreciates the unique expertise of Valery Geifer. In 2016, Valery Isaakovich was re-elected to the post of Chairman of the Board of Directors.
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