SBE Sibir Energy

 

TIDMSBE 
 
RNS Number : 0866U 
Sibir Energy PLC 
18 June 2009 
 
 
 
18 June 2009 
 
Sibir Energy Plc 
("Sibir" or the "Company") 
Directorate Changes 
Sibir is pleased to announce the appointment to the Company's board of Messrs 
Vadim Yakovlev and Igor Tsibelman, both representatives of OAO Gazprom Neft 
("Gazprom Neft"). Mr Tsibelman has been appointed to the position of Chief 
Executive Officer of the Company, replacing Stuard Detmer, and Mr Yakovlev will 
assume a role as non-executive director, both with immediate effect. Mr Detmer 
will remain on the Board as a non-executive director. 
Mr Vadim Vladislavovich Yakovlev, aged 38, is Deputy Chairman of the Management 
Board and Chief Financial Officer of Gazprom Neft. Prior to working with Gazprom 
Neft, Mr Yakovlev held various management positions in finance and audit 
including Audit Manager with PricewaterhouseCoopers, Deputy Head of the 
Financial and Economic Department at CJSC YUKOS EP, Chief Financial Officer at 
JSC YuganskNeft'egaz (NK Yukos) and Chief Financial Officer of LLC SIBUR-Russian 
Tyres.  Mr Yakovlev holds an MSc in Applied Nuclear Physics from the Moscow 
Engineering Physics Institute and an MSc in Finance from the International 
University in Moscow. He is a member of the Association of Chartered Certified 
Accountants (ACCA) and a Diploma and Certified Director by the Institute of 
Directors (IOD). 
Prior to his appointment as CEO of Sibir, Mr Tsibelman, aged 41, was the Head of 
International Legal Affairs at Gazprom Neft in Moscow. Prior to joining Gazprom 
Neft, Mr Tsibelman worked as an attorney for White & Case LLP and Arent Fox PLLC 
in New York. Before becoming an attorney, Mr Tsibelman held a number of 
managerial positions and worked on a variety of commercial matters, including 
privatisation, corporate restructuring, construction and real estate development 
and international trade.  Mr Tsibelman holds a BA/MA from the Moscow State 
Institute for International Relations (MGIMO) and a Juris Doctor from Georgetown 
University in Washington, DC. He is a member of the New York and Connecticut 
bars. 
Open Joint Stock Company "Gazprom Neft" is currently interested in approximately 
34 per cent. of the Company's entire issued share capital. 
 
Stuard Detmer, Member of the Board and outgoing CEO of Sibir, today 
commented: 
"The appointment of Messrs Yakovlev and Tsibelman is an important step in 
re-building the Sibir Board and establishing a high standard of corporate 
governance for the Company. As representatives of Gazprom Neft, Vadim and Igor 
not only bring their own extensive expertise in legal and financial matters, but 
also access to the industry expertise of the Gazprom Neft oil and gas 
organisation and the political support of a company owned by JSC Gazprom, one of 
the largest companies in the world. The Board of Sibir has worked closely with 
Vadim and Igor on the recent offer to Sibir's minority shareholders by Gazprom 
Neft and has found them to be executives of great professionalism and integrity. 
The Board is confident that they, and Gazprom Neft, will make significant and 
enduring contributions to the future success of Sibir." 
 
Contacts: 
Stuard Detmer, CEO, Sibir Energy plc 
Moscow +7 (495) 790 78 30 
Rory Murphy, Strand Partners Limited 
London +44 (0) 20 7409 3494 
Nick Miles, M: Communications 
London +44 (0) 20 7153 1530 
Additional Information on the new Director Appointments: 
Mr Yakovlev is currently a director or partner of the following companies or 
partnerships: 
OAO "Gazpromneft-Noyabrskneftegaz" 
OOO "NK "Sibneft-Yugra" 
OOO 
"Gazpromneft-Yamal" 
OOO "Gazpromneft-NTC" 
OAO "NK "Slavneft" 
"Naftna 
Industrija Srbije" a.d. Novi Sad 
Mr Yakovlev has held the following former directorships or partnerships within 
the past five years: 
OAO "SN-MNG" 
OAO "Tomskneft" VNK 
Mr Tsibelman is currently the principal owner of the Law Offices of Igor M. 
Tsibelman. 
Mr Tsibelman has held the following former directorship within the past five 
years: 
BVS New York, Inc. 
There is no further information required to be disclosed in accordance with 
Schedule Two paragraph (g) of the AIM Rules for Companies in relation to either 
Mr Yakovlev or Mr Tsibelman. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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