Chief executive officer

The Chief executive officer, who is appointed by the Board of Directors among the executive members of the Board of Directors, coordinates the work of executive members of the Board of Directors and organizes business activities of the Company. In addition, the CEO is responsible for day-to-day management of the Company and has the authority to decide on matters which are not within the competence of the Shareholders Assembly and the Board of Directors.

In accordance with the principles of good practice of corporate governance, the functions of the CEO and the Chairman of the Board of Directors are separate, so the CEO is not at the same time the Chairman of the Board of Directors. The CEO is the legal representative of NIS.

The Chief executive officer of NIS j.s.c. Novi Sad is Mr. Кyrill Tyurdenev.

Mr. Тyurdenev graduated with bachelor’s degree in International Affairs (with honours) and a master’s degree in International Law (with honours) from Moscow State Institute of International Relations (MGIMO). Also he obtained a Master of Laws (LL.M) degree from the University of Manchester and has completed executive education programmes at international business schools INSEAD and London Business School.

From 2000 through 2004, he worked for A.T. Kearney and Unilever. In 2004 he joined McKinsey & Co. From 2007 through 2012, he worked as Deputy CEO for Strategy and Corporate Development with SIBUR – Fertilizers. In 2012 he joined JSFC Sistema, a Russian private equity fund, as Executive Vice-President and Executive Board Member. Before taking a position at NIS, he worked as President and Chairman of the Management Board at United Petrochemical Company, which was part of JSFC Sistema, and as Chairman of the Board of Directors of Ufaorgsintez.

In April 2016 he began working in NIS j.s.c. Novi Sad on the position of the First Deputy of CEO for Refining, Sales and Distribution. He is a members of the Board of Directors of NIS since 8 December 2016. On 22 March 2017 he was appointed as the CEO of NIS j.s.c. Novi Sad.

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