Board of Directors

The Board of Directors plays a central role in the corporate governance system and is collectively responsible for the long-term success of the company, including overseeing and setting the corporate strategy and establishing the business goals of the company.

Competences of the Board of Directors
Appointment of members of the Board of Directors
Composition of the Board of directors
Rules of Procedure
Analysis of the operation of the Board of Directors and Committees
Members of the Board of directors
Board of Directors Committees
Remuneration
Board of Directors meeting reports
Competences of the Board of Directors

An efficient, competent and independent Board of Directors is essential for the implementation of good corporate governance. In line with NIS's Articles of Association, the Board of Directors is also responsible for passing all decisions related to:

  • convening of the Shareholders’ Assembly, defining the agenda and draft decisions of the Shareholders’ Assembly;
  • defining the business strategy and business goals of the company and its management;
  • defining the internal organization of the company;
  • defining and approving of business plans;
  • control of the accuracy of financial statements;
  • adoption of periodic financial statements and periodic business reports whose adoption does not fall within the competences of the Shareholders’ Assembly;
  • appointment and relief of duties of the CEO;
  • adoption of the NIS Corporate Governance Code.
Appointment of members of the Board of Directors

NIS’s Board of Directors has eleven members, who are appointed and dismissed by the Shareholders’ Assembly. The members elect the Chairman of the Board of Directors, and the function of the Chairman and the CEO are separate. Candidates for members of the Board of Directors can be proposed by Nomination Committee and by one or several shareholders holding at least 5% of voting shares. The term of office of members of the Board of Directors expires at the next ordinary (annual) Shareholders' Assembly Meeting (except in case of co-optation when it expires at the next meeting), and every member of the Board of Directors may be re-appointed for an unlimited number of terms.

Composition of the Board of Directors

The Board of Directors has one executive and ten non-executive members, out of which two non-executive members are at the same time independent members of the Board of Directors (see independence criteria).

The criteria for appointment of the Board of Directors members are determined under the Articles of Association of the company, taking into account the need for rapid and effective decision-making, but also the requirements set forth under eligibility criteria applying to the members comprising the Board of Directors, possessing, as a whole, the necessary knowledge, skills and professional experience required for the successful performance of duties within the scope of the Board of Directors and management of the company.

Rules of Procedure

The Rules of Procedure of the Board of Directors and the Committees of the Board of Directors regulate the Board of Directors’ and the Board of Directors’ Committees’ activities and decision-making process, including the procedures for convening and holding sessions.

Analysis of the operation of the Board of Directors and Committees

In line with the adopted principles of corporate governance the Board of Directors once a year conducts an analysis of its own work and the work of its Committees, considers measures and activities for their improvement, and submits a report to the Shareholders’ Assembly in relation to this.

Report on the analysis of the operation of the Board of Directors and Commissions of the Board of Directors of NIS j.s.c. Novi Sad for the Period 1 April 2019 - 15 April 2020
Members of the Board of Directors

Vadim Yakovlev,
Chairman of the Board of Directors

 

Deputy Chairman of PJSC “Gazprom Neft” Management Board,
Deputy of PJSC “Gazprom Neft” CEO in charge of exploration and production including offshore, strategic planning and mergers and acquisitions

Born in 1970.

In 1993, Mr. Yakovlev graduated from the Moscow Engineering Physics Institute, Department of Applied Nuclear Physics. Mr. Yakovlev graduated from the Faculty of Finance at the International University in Moscow in 1995. Since 1999, he has been a qualified member of the ACCA (Chartered Association of Certified Accountants). In 2009, he earned a degree from the British Institute of Directors (IoD).

During his employment with PricewaterhouseCoopers from 1995 to 2000, Mr. Yakovlev held various positions, starting from a Consultant to being promoted to Audit Manager. In the period from 2001 to 2002, he served as Deputy Head of Financial and Economics Department, YUKOS EP c.j.s.c. From 2003 to 2004, he was Financial Director of Yugansk Neftegaz, NK Yukos. From 2005 to 2006, Mr. Yakovlev held the position of Deputy General Director in charge of economy and finance at SIBUR-Russian Tyres.

From 2007 to 2010 – „Gazprom neft“ PJSC Deputy CEO in charge for economics and finance. From 2007 – Deputy Chairman of the Management Board of „Gazprom neft“ PJSC. From 2010 to 2011 – First Deputy CEO – „Gazprom neft“ PJSC Financial Director. From 2011 he was at the post of the „Gazprom neft“ PJSC First Deputy CEO. As of 2019 he holds the post of the „Gazprom neft“ PJSC Deputy CEO in charge of exploration and production.

Mr. Yakovlev was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 10 February 2009 and he was elected Chairman of the NIS j.s.c. Novi Sad Board of Directors as of 31 July 2009.

Membership in boards of other companies:
- РJSC NGK "Slavneft",
- Salym Petroleum Development N.V. (Chairman of Supervisory Board), 
- FGAOU "Tyumen State University" (Member of the Supervisory board),
- LTD „UT IT „Novaya Industriya“ (Chairman of the Board of Directors).

Kirill Tyurdenev,
Chief Executive Officer

 

CEO of NIS j.s.c. Novi Sad

Born 1977.

He undertook studies at the Moscow State Institute of International Relations (MGIMO), graduating from the Faculty of International Relations with a Bachelor’s degree in Political Science and International Relations (with honors), and subsequently earning his Master’s degree in International Law (with honors). He also obtained a Master of Laws (LL.M) degree from the University of Manchester and completed executive education programs at INSEAD and London Business School.

From 2000 to 2004, Mr. Tyurdenev worked for A.T. Kearney and Unilever and in 2004 he joined McKinsey & Co. From 2007 to 2012, Mr. Tyurdenev worked for Sibur Fertilizers as Deputy CEO for Strategy and Business Development. From 2012, he served as Executive Vice President and a member of the Management Board in JSFC Sistema. Prior to joining NIS j.s.c. Novi Sad, Kirill Tyurdenev held the positions of the President and Chairman of the Board at United Petrochemical Company, which at that time was part of the JSFC Sistema group, and of Chairman of the Board of Directors of Ufaorgsintez.

In April 2016, Kirill Tyurdenev joined NIS j.s.c. Novi Sad as First Deputy CEO for Refining and Sales.

In December 2016, he was elected member of the Board of Directors, and in March 2017 he was appointed CEO of NIS j.s.c. Novi Sad.

Membership in boards of other companies:
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Pavel Oderov,
Memeber of the Board of Directors

 

Deputy CEO for Foreign economic activities PJSC "Gazprom Neft"

Born in 1979.

In 2000, Mr. Oderov graduated from the National University of Oil and Gas "Gubkin University", Faculty of Economics. In 2002, he graduated from the National University of Oil and Gas "Gubkin University", Faculty of Management.

In the period from October 2002 to June 2007 He held positions such as leading expert, head of a section, deputy heat of Department in the field of marketing of Lukoil-Neftekhim ZAO. From September 2007 to February 2020 he held various managerial positions within the "Gazprom" Group. Since 23.06.2017, Mr. Oderov is Chairman of the Board of Directors of South Stream Serbia AG. From February 2020 to the present he has served as JSC Gazprom neft Deputy CEO for Foreign economic activities, since the May 2020 he is a member of Management board of PJSC "Gazprom neft".

Mr. Oderov was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 25 March 2020.

Membership in boards of other companies:
- South Stream Serbia AG (Chairman of the Board of directors)
- Overgaz Inc. AD
- Shtokman Development AG (Chairman of the Board of directors)
- South Stream Bulgaria ЈSC (Chairman of the Board of directors)
- SOUTH STREAM GREECE NATURAL GAS PIPELINE S.A. (Chairman of the Board of directors)
- South Stream Hungary Ltd (Deouty Chairman of the Board of Directors)
- TÜRKAKIM GAZ TAŞIMA ANONİM ŞİRKETİ
- JSC "System of transit gas pipelines" "EuRoPol GAZ s.a." (SGT EuRoPol GAZ s.a.)
- JSC „Football club "Zenit"
- LTD „Basketball club "Zenit".

Danica Drašković,
Memeber of the Board of Directors

 

Born in 1945.

Ms. Drašković graduated from the Faculty of Law, University of Belgrade in 1968.

From 1968 to 1990, she worked in the field of finance in the banking sector, and in the field of law and commerce within the economy sector, and as a Belgrade City Magistrate. Ms. Drašković is the owner of the publishing house “Srpska reč”, founded in 1990. She is the author of three books written in the opinion journalism style.

From 01 April 2009 to 18 June 2013, Ms. Danica Drašković was a member of the NIS j.s.c. Novi Sad Board of Directors, being re-elected on 30 June 2014.

Membership in boards of other companies:
/

Alexey Yankevich,
Memeber of the Board of Directors

 

Deputy CEO for Economics and Finance PJSC "Gazprom Neft"

Born in 1973.

In 1997, Mr. Yankevich graduated from Saint-Petersburg State Electrical Engineering University (“LETI”), majoring in optical and electronic instruments and systems. In 1998, he completed a course at LETI-Lovanium International School of Management in Saint-Petersburg.

Mr. Yankevich was employed with CARANA, a consulting company from 1998 to 2001. In the period from 2001 to 2005 he served as Deputy Head of Planning, Budgeting and Controlling Department at YUKOS RM o.j.s.c. (business unit responsible for logistics and downstream operations). In 2004, he became a Certified Management Accountant (CMA). From 2005 to 2007 he worked as deputy CFO at LLK-International (production and sale of lubricants and special petroleum products; part of the LUKOIL group). From 2007 to 2011 he held the post of Head of the Planning and Budgeting Department, and was Head of Economics and Corporate Planning Department at “Gazprom Neft” PJSC.

Since August 2011 he has served as acting Deputy CEO for Economics and Finance at “Gazprom Neft” PJSC. Mr. Yankevich has been a memeber of the Management Board of “Gazprom Neft” PJSC and Deputy CEO “Gazprom Neft” PJSC for Economics and Finance since March 2012.

Mr. Yankevich was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 18 June 2013.

Membership in boards of other companies:
- РJSC "NGK Slavneft",
-"Gazprom Neft Lubricants Italia s.p.a." (Chairman of the BoD).

Dmitry Shepelskiy,
Memeber of the Board of Directors

 

Head of Department for coordination of Sales of petroleum products PJSC "Gazprom Neft"

Born 1970.

In 1993, Mr. Shepelsky graduated from the Moscow Institute of Radio Engineering, Electronics and Automation.

In the early stage of his career, Mr. Shepelsky held positions of Deputy Head of Department for supply of petroleum products – Head of Directorate PJSC “Gazprom Neft”.

At the present Mr. Shepelsky serves as Head of Department for coordination of Sales of petroleum products, PJSC “Gazprom Neft”.

Mr. Shepelsky was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 29 June 2021.

Membership in boards of other companies:
/

Dejan Radenković,
Memeber of the Board of Directors

 

Born in 1971.

Elementary and high education completed in Priština, graduated from the Economy faculty in Priština and awarded a Master degree in the field of Economy from the EDUCONS University.

Mr Radenković has started his professional experience with Company for trade and services "Balkan auto" in Priština and CC PTT "Serbia". As of 2005 he was at the post of Director of "Orbita" j.s.c. and from 2010 he was with the "Ratko Mitrović" j.s.c., at the post of General manager, Executive manager and member of the Board of Directors. He held the post of member of the Board of Directors of the Economy faculty in Priština, Deputy General manager of the First Global Brokers company from Belgrade. He was Chairman of the Board for supervision of operations and Member of the Board of Directors of Dunav Bank j.s.c. Zvečan, where he also held the post of the Chairman of the Board of Directors. From 2013 to 2017 he was a member of the Supervisory Board of the JV "Lasta" j.s.c. Belgrade. From 2015 to 2021 he was a member of the Board for supervision of operations of the „MTS bank“ j.s.c. Belgrade.

He is a member of the Socialist Party of Serbia and he was elected member of the Parliament of Republic of Serbia in 2008, 2012, 2014, 2016 and 2020.

He was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 27 June 2019.

Membership in boards of other companies:
/

Alexander Chepurin,
Independent memeber of the Board of Directors

 

Born in 1952.

Graduated from the Moscow State Institute of International Relations (MGIMO University) in 1975.

A career diplomat, from 1975 onwards Mr. Chepurin worked at the Ministry of Foreign Affairs of the USSR and later, the Ministry of Foreign Affairs of the Russian Federation.
From 1986 to 1992, he headed the Economy group of the Embassy of the USSR (Russia) in Italy.
From 1994 to 1996, he was Director of one of the leading Departments in the Ministry, the Human Ressources Department.
From 1994 to 1997 he was also a member of the United Nations International Civil Service Commission in New York (ICSC).
As from 1996 to 2000 he was Ambassador Extraordinary and Plenipotentiary of the Russian Federation in Denmark.
From 2005 to 2012, Mr. Chepurin was Director of the Russian Federation Ministry of Foreign Affairs Department for Relations with Compatriots Abroad.
From 2012 to June 2019, he served as Ambassador of the Russian Federation to Serbia.

He has the rank of Ambassador Extraordinary and Plenipotentiary and several Russian and Serbian state orders and medals.

In 2009, he was awarded a PhD Degree in Political Science.

From 2012 to 2019 Mr. Chepurin closely dealt with issues of cooperation development between Russian energy companies and the Republic of Serbia, focusing on strengthening cooperation between Russian and Serbian energy companies. He is a member of the Russian international affairs council.

Mr. Chepurin was elected independent member of the NIS j.s.c. Novi Sad Board of Directors as of 27 June 2019.

Membership in boards of other companies:
/

Anatoly Cherner,
Memeber of the Board of Directors

 

Deputy Chairman of the PJSC "Gazprom Neft" Executive Board,
Deputy CEO for Logistics, Refining and Sales at PJSC "Gazprom Neft"

Born in 1954.

Mr. Cherner graduated from Grozny Oil Institute in 1976 with a degree in chemical oil and gas engineering.

In the same year he was employed at the Sheripov Grozny Refinery, starting as an operator to become refinery director in 1993. In 1996, he joined SlavNeft as Head of the Oil and Oil Products Trading Department and was later appointed Vice-Chairman of the company. He joined SibNeft (from June 2006 – "Gazprom Neft" PJSC) as Vice-Chairman for refining and marketing in April 2006. In December 2007 he was appointed Deputy CEO for logistics, refining and sales in "Gazprom Neft" PJSC.

Mr. Cherner was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 10 February 2009.

Membership in boards of other companies:
- РJSC NGK "Slavneft",
- PJSC "Slavneft-YANOS",
- Saint Petersburg International Mercantile Exchange,
- "Gazprom Neft Lubricants Italia s.p.a.".

Olga Vysotskaia,
Independent memeber of the Board of Directors

 

Born in 1961.

Graduated cum laude from the Leningrad State University in 1984, from the Department of Economy Cybernetics, with specialisation in economic mathematics. Post-graduate studies in mathematical cybernetics at the Institute of social and economic studies of the USSR Academy of science, Leningrad division, in 1987. Completed the MBA at Bristol University in 1998. Earned the Professional independent director diploma from the London Institute of Directors in 2009.

She held the position of Chair of the Board of Directors (BoD), CEO, Chair of science and production companies from 1988 to 1995, and she was Director of many private companies. From 1995 to 2003 she held various partner positions with KPMG in New York and Moscow. From 2003 to 2005 she was person in charge of Internal audit Directorate of "Yukos", Moscow. From 2005 to 2008 she was Consulting services Executive partner of Deloitte&Touche, From 2006 to 2013 she held positions of independent member of the BoD, Chair of the Audit Commission, member of the Strategy Commission, member of the Remuneration Commission of "EM - alliance" and "KIT Finance", as well as independent member of the Audit Commission of OJSC "Baltika". From 2012 to 2013 she was a partner in PricewaterhouseCoopers (PwC) and from 2013 to 2014 - independent member of the CJSC "NefteTransService" Board of Directors, Chair of the Audit Commission, member of Remuneration Commission. From 2013 to 2021 she held position of independent member of LTD "ÏNK" BoD and from 2015 to 2018 she held position of independent member of BoD of JSC "SUEK".

Ms Vysotskaia was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 21 June 2018.

Membership in boards of other companies:
- Nonprofit organization «Serebryanoe vremya» (Chair of the Supervisory Board, Director)

Dragutin Matanović,
Memeber of the Board of Directors

 

Born in 1954.

Bachelor of Electric Engineering (BEE).

He was employed at the position of electric engineer at the Company "Lola računari" in Belgrade.

Director of the Company "Lola računari" in Belgrade.

He was elected member of the NIS j.s.c. Novi Sad Board of Directors as of 06.09.2019.

Membership in boards of other companies:
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