The management of Lukoil is an effective team of top-level managers. The priority areas of Lukoil’s corporate management policy are the principles of increasing the competitiveness of the company, efficient spending of funds and growth of capitalization.
The company's top management team includes leading experts in the oil, financial, economic, managerial, scientific, industrial and HR sectors.
Corporate Governance of PJSC Lukoil
The corporate management of the oil giant includes a hierarchical structure, which consists of the Board of Directors, the executive body and the composition of shareholders.
The Board of Directors of Lukoil includes Viktor Blazheev, Leonid Fedun, Igor Ivanov, Ravil Maganov, Ivan Pictet, Roger Mannings, Richard Matske, Anthony Guglielmo, Gati Toby Trister. Valery Graifer was elected Chairman of the Board of Directors. The Board of Directors also includes the president of the company Vagit Yusupovich Alekperov.
The Board of Directors provides general management of the company, deals with strategic, medium-term and annual planning, and manages the results.
The new Board of Directors of the company was established on October 23, 2016 at the general annual meeting of shareholders.
The management of Lukoil contributes to the creation of reliable and trusting relationships with the company's shareholders. Thus, it increases the investment attractiveness of the organization.
PJSC “Lukoil”
Lukoil Public Joint Stock Company is the largest Russian vertically integrated oil and gas company.
Has been operating in the market for more than twenty-five years. It was founded in 1991.
Interesting fact: the name of the company is an abbreviation that comes from the names of oil cities - Langepas, Urai and Kogalym and English oil, which means "oil" in translation.
Vertical integration of a company's business model means a full production cycle, including exploration at the initial stages and marketing of finished products to the final consumer. This model has repeatedly proved its resistance to external market and financial fluctuations.
The company is in second place after Gazprom PJSC in Russia in terms of revenue.
The Lukoil trademark is among the top 100 leading global brands according to the Financial Times.
Activity of the company
The company works on the principle of a full production cycle, which includes process control at all stages: from oil and gas production to sales.
The main activities of the company are geographically concentrated in four main macro-regions - in the Urals, the South, the North-West and the Volga region, which account for 88 percent of hydrocarbon reserves and 83 percent of oil products.
Lukoil’s leadership in ensuring the company's activities follows the principles of sustained and stable development and striking a balance between economic development and maintaining the environmental background.
Graifer Valery
Graifer Valery Isaakovich - engineer, professor, candidate of technical sciences, Russian and Soviet oilman. In the period from 1985 to 1992, he served as deputy minister for the oil industry of the USSR. Laureate of state prizes of the USSR and Russia.
Born November 20, 1929 in Baku (Azerbaijan).
He studied at the Moscow Petroleum Institute. I. M. Gubkin and the Moscow Institute. G.V. Plekhanov.
His research interests are in the exploitation of oil fields.
Since 2000, he has been Chairman of the Board of Directors of the public joint-stock company Lukoil.
The management of Lukoil highly appreciates the unique expertise of Valery Geifer. In 2016, Valery Isaakovich was re-elected as Chairman of the Board of Directors.