(upstreamonline) -- Mikhail
Fridman has resigned as chief executive of BP's joint venture operation in
The billionaire native of Ukraine handed in his notice as
both chairman and CEO of the company on Monday, a brief statement from TNK-BP
Fridman is to step aside from both roles in 30 days, it added.
"After Mikhail Fridman’s resignation, TNK-BP will be managed by a group of
executives who hold powers of attorney related to their areas of
"Alfa Access Renova shareholders German Khan and Victor Vekselberg
remain with the business as executive directors and members of the management
Fridman played a key role in blocking BP's monster proposed tie-up with
Rosneft for exploration and production activities in the Kara Sea. Rosneft later
penned a huge deal with ExxonMobil instead.
Forbes magazine recently named 48-year-old Fridman as the world's 57th
richest person with a net worth of USD13.4 billion.
Apart from his oil and gas assets, Fridman has a large stake in the banking
and telecommunications industries with his Alfa group, held together with
others, the country's largest financial and industrial group.