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SIBUR expands powers of SIBUR LLC board

August 30/2011

(Sibur) -- By the decision of the sole participant in “SIBUR” LLC, dated August 4, 2011, the articles of association were amended, whereby the position of “President” in relation to the person heading SIBUR, has been changed to “CEO”. This decision was made in connection with the process of unification of the names of the sole executive bodies of all companies belonging to the SIBUR group. Accordingly, as of the date that the new charter for SIBUR was registered on August 16, 2011, the official name of the head of the company is the CEO of “SIBUR” LLC – Management organisation of the JSC “SIBUR Holding”.

Also due to the redistribution of powers of the Board of JSC “SIBUR Holding” in favour of the Board of “SIBUR” LLC, the quantitative composition of the Board of JSC “SIBUR Holding” has been reduced to five persons, according to a decision taken by the Board of Directors on August 25, 2011.

Tags:Sibur Holding.
Category:General News
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