LUKOIL BOARD OF DIRECTORS APPROVES MEMBERS OF THE COMPANY MANAGEMENT COMMITTEE
Tuesday, July 14, 2020
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.
