Vagit Alekperov (right), President of PJSC LUKOIL, was awarded the Order of Merit for the Fatherland, II degree, in 2014.
Vagit Alekperov will resign as both the president of PJSC LUKOIL and as a member of the board of directors.
The respective notices of resignation were sent Apr. 21 to the chairman of the board.
No reason for the early resignation nor word on a replacement were disclosed. Alekperov was sanctioned by the UK government Apr. 13 as the war in Ukraine continues.
A Mar. 3 statement by the board directed at shareholders, employees, and customers called for "the soonest termination of the armed conflict" in Ukraine, noting strong support for a "lasting ceasefire and a settlement of problems through serious negotiations and diplomacy."
LUKOIL is Russia’s second largest oil company behind state-owned Rosneft and produces over 2% of the world’s crude oil.
