Deputy PM steps down as Rosneft chairman

AP News
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Posted: Apr 11, 2011 4:28 PM
Deputy PM steps down as Rosneft chairman

Russian deputy prime minister Igor Sechin is giving up his position as chairman of the country's largest oil company.

Igor Sechin's resignation was announced Monday in a statement by the Rosneft oil company, which is majority-owned by the Russian government. He is being replaced by Alexander Nekipelov, vice president of the Russian Academy of Sciences, who was elected as acting chairman.

Russian President Dmitry Medvedev recently ordered that government ministers give up their seats on the boards of state companies beginning this summer.

Medvedev in January sharply criticized Rosneft and other state companies for moving too slowly to introduce new technologies.