Members of Rosneft’s Management Board

On 21 June 2018, the General Shareholders Meeting elected a new Board of Directors among the candidates with considerable experience in strategic management and competencies sufficient to make well-informed and unbiased decisions on economic, financial and risk management issues. The composition of the Board of Directors is in line with the scope of the Company’s business and needs.


Gerhard <br> Schroeder

Gerhard
Schroeder

Chairman of the Board of Directors, Independent Director

Born in 1944.

1976 Graduated from the University of Goettingen, the Department of Law.

Foreign fellow of the Russian Academy of Sciences.

1998–2005 Chancellor of Germany.

Since September 2017 Elected as a member of Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Chairman of the Shareholders’ Committee of Nord Stream AG (Switzerland), Chairman of the Board of Directors at Nord Stream 2 AG (Switzerland), Chairman of the Supervisory Board at Hannover 96 GmbH&Co. KG (Germany), Deputy Chairman of the Supervisory Board at Herrenknecht AG (Germany).
Igor <br> Sechin

Igor
Sechin

Deputy Chairman of the Boardof Directors, Chief Executive Officer, Chairman of the Management Board of Rosneft

Born in 1960.

1984 Graduated from Leningrad State University. PhD in Economics.

2000–2004 Deputy Head of the Executive Office of the President of the Russian Federation.

2004–2008 Deputy Head of the Executive Office of the President of the Russian Federation – Aide to the President of the Russian Federation.

2008–2012 Deputy Prime Minister of the Russian Federation.

2012 – present Chief Executive Officer, Chairman of the Management Board of Rosneft.

Since June 2004 Elected for the first time as a member of Rosneft’s Board of Directors.

From 2004 to June 2011 Chairman of the Board of Directors. Re-elected to Rosneft’s Board of Directors in November 2012. Since June 2013: Deputy Chairman of Rosneft’s Board of Directors.

Shares
Holds 13,489,350 shares of Rosneft
(0.1273% of Rosneft’s share capital).
Chairman of the Board of Directors at JSC ROSNEFTEGAZ, LLC National Oil Consortium, and PJSC Inter RAO, Chairman of the Supervisory Board at LLC CSKA Professional Hockey Club.
Has been actively involved in the development of social sphere, science, sports and education, being the Chairman of the Board of Trustees at St. Petersburg Academic University of the Russian Academy of Sciences, Deputy Chairman of the Supervisory Board Russian Volleyball Federation, member of the Board of Trustees of Lomonosov Moscow State University, National Intellectual Development Foundation, St. Petersburg State University, the Graduate School of Management of St. Petersburg State University, State Federal-Funded Educational Institution of Higher Professional Training Saint-Petersburg Mining University, Federal State Budgetary Institution Russian Academy of Education, MGIMO University of the Ministry of Foreign Affairs of the Russian Federation, Non-Government Organization Russian Geographical Society, member of the Supervisory Board at the Global Energy Association, Chairman of the Board of Trustees at FSBI Granov Russian Research Center for Radiology and Surgery Technologies under the Ministry of Health of the Russian Federation, member of the Board of Trustees at the Foundation for Churches Construction in Moscow, University gymnasium (boarding school) of Lomonosov Moscow State University, member of the Supreme Supervisory Board of the Russian Boxing Federation.
Matthias </br> Warnog

Matthias
Warnog

Deputy Chairman of the Board of Directors, Independent Director, Chairman of the HR and Remuneration Committee, Member of the Audit Committee of the Board of Directors

Born in 1955.

1981 Graduated from the Bruno Leuschner Higher School of Economics (Berlin).

2006–2016 Managing Director of Nord Stream AG (Switzerland).

2008 – present Director of Interatis AG (Switzerland).

2015 – present Executive Officer of Nord Stream 2 AG (Switzerland).

Since June 2011 Elected as a member of Rosneft’s Board of Directors.

Shares
Holds 92,633 shares of Rosneft
(0.0009% of Rosneft’s share capital).
Member of the Supervisory Board at VTB Bank (PJSC), member of the Administrative Board at GAZPROM Schweiz AG (Switzerland), member of the Board of Directors at PJSC Transneft, Chairman of the Administrative Board at Gas Project Development Central Asia AG (Switzerland), and Interatis Consulting AG (Switzerland).
Faisal </br> Alsuwaidi

Faisal
Alsuwaidi

Member of the Strategic Planning Committeeof the Board of Directors

Born in 1954.

1978 Graduated from Merton Technical College (Great Britain).

1992–2010 Member of the Board of Directors at Qatar Petroleum.

1992–2010 Chief Executive Officer, Deputy Chairman at Qatar LNG Company.

1992–2011 Chief Executive Officer at Qatar Fertilizers Company.

2004–2010 Deputy Chairman at Qatar Gas Transport Company.

2005–2010 Member of the Board of Directors at Ras Laffan LNG Company.

2012–2018 President of Research and Development at Qatar Foundation.

2018 – present Member of the Board of Trustees at Qatar University.

2018 – present Representative of Qatar Investments Authority.

Since June 2017 Elected as a member of Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Decorate by the French Government – «Ordre national de la Légion d'honneur». Awarded the «Certificate of Excellence» by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of UAE and Ruler of Dubai distinguished Arab Manager category.
Andrey </br> Belousov

Andrey
Belousov

Member of the Strategic Planning Committeeof the Board of Directors

Born in 1959.

1981 Graduated from Lomonosov Moscow State University. Doctor of Economics.

2006 – present Chief research fellow (part-time) at the Institute of Economic Forecasting of the Russian Academy of Sciences.

2008–2012 Director of the Economics and Finance Department of the Government of the Russian Federation.

2012–2013 Minister of Economic Development of the Russian Federation.

2013 – present Aide to the President of the Russian Federation.

Since June 2015 Elected as a member of Rosneft’s Board of Directors. From June 2015 to September 2017: Chairman of Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Member of the Board of Directors at JSC ROSNEFTEGAZ.
Has been actively involved in the development of social and business sphere, church and culture, being the Chairman of the Supervisory Board at State Space Corporation ROSCOSMOS, member of the Supervisory Board of State Development Corporation VEB RF, Chairman of the Supervisory Board at Autonomous Non-Profit Organization Digital Economy, Autonomous Non-Profit Organization Agency for Strategic Initiatives to Promote New Projects, member of the Board of Trustees at the Charity Foundation Deaf-blind Support Foundation So-edinenie (Connection), State Tretyakov Gallery, and Holy Trinity-Saint Seraphim-Diveyevo Monastery of the Nizhny Novgorod Diocese of Russian Orthodox Church (Moscow Patriarchate), member of the Board of Trustees for Restoration of Sarov Hermitage and Diveyevo Monastery of the Religious Organization Holy Dormition Monastery – Sarov Hermitage, the Nizhny Novgorod Diocese of the Russian Orthodox Church (Moscow Patriarchate).
Oleg </br> Viyugin

Oleg
Viyugin

Member of the Strategic Planning Committee of the Board of Directors, memberof the Audit Committeeof the Board of Directors, Independent Director

Born in 1952.

1974 Graduated from Lomonosov Moscow State University. PhD in physics and mathematics.

2007 – present Professor at the School of Finance of the Department of Economic Sciences of the National Research University Higher School of Economics.

2013–2015 Senior Advisor for Russia and the CIS to LLC Morgan Stanley Bank (civil contract).

Since June 2015 Elected as a member of Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Chairman of the Supervisory Board at PJSC Moscow Exchange, Chairman of the Board of Directors at NAUFOR and PJSC SAFMAR Financial Investments, member of the Board of Directors of LLC Skolkovo – Venture Investments and PJSC Unipro, member of the Supervisory Board of the National Settlement Depository.
Has been actively involved in strategic development, promotion of entrepreneurship, corporate governance and education, being the member of the Board at the Center for Strategic Developments Foundation and the AGATE Foundation for Young Entrepreneurs, member of the Board of Trustees at the European University at St. Petersburg Endowment Fund, New Economic School Endowment Fund, and Non-Commercial Foundation Forum Analytical Center, member of the Presidium at the Non-Commercial Partnership National Council on Corporate Governance.
Ivan </br> Glasenberg

Ivan
Glasenberg

Member of the Strategic Planning Committeeof the Board of Directors

Born in 1957.

1981 Graduated from the University of the Witwatersrand, 1983 Graduated from the University of Southern California.

2002 – present Chief Executive Officer of Glencore International AG.

2011 – present Chief Executive Officer of Glencore plc.

Since June 2017 Elected as a member of Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Robert </br> Dudley

Robert
Dudley

Chairman of the Strategic Planning Committee of the Board of Directors of Rosneft

Born in 1955.

In 1977 graduated from University of Illinois, In 1979 graduated from Thunderbird School of Management.

2010 – present – Chief Executive Officer of BP Group.

In June 2013 was elected as member of the Board of Directors of Rosneft Oil Company.

Shares
Holds no shares of Rosneft.
Participates in the social activity in the sphere of geography and applied (associated) sciences, being a member of the Board of Trustees of the Russian Geographical Society (All-Russian NGO) and the Royal Academy of Engineering in the UK. Chairs the Oil and Gas Community of the World Economic Forum and has chaired the Oil and Gas Climate Initiative (OGCI) since 2016.
Guillermo </br> Quintero

Guillermo
Quintero

Rosneft Board of Directors HR and Remuneration Committee member

Born in 1957.

In 1979 graduated from University of Southern California.

2010–2015 – Regional President Brazil, Uruguay, Venezuela and Colombia BP Energy do Brasil Ltda and President and Director of BP Brasil Ltda.

2011–2015 – President BP Exploration do Brasil Ltda.

2011–2016 – Director BP Petroleo y Gas S.A.

2014–2016 – President BP Exploracion de Venezuela S.A.

2016 – present — Director of GQO Consultants LTD.

June 2015 – elected as member of the Board of Directors of Rosneft Oil Company.

Shares
Holds no shares of Rosneft.
Alexander </br> Novak

Alexander
Novak

Deputy Chairman of the Strategic Planning Committee of the Board of Directors

Born in 1971.

1993 Graduated from Norilsk Industrial Institute, 2009 Graduated from Lomonosov Moscow State University.

2008 – 2012 Deputy Minister of Finance of the Russian Federation.

2012 – present Minister of Energy of the Russian Federation.

June 2015 – June 2017 Elected for the first time as a member to Rosneft’s Board of Directors. September 2017 Re-elected to Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Chairman of the Board of Directors of PJSC ROSSETI, PJSC Transneft, member of the Board of Directors at PJSC Gazprom.
Actively involved in the development of education and sport, in the field of power industry - Member of the Supervisory Board at ROSATOM, Chairman of the Board of Guardians at National Research University Moscow Power Engineering Institute, member of the Board of Guardians at Siberian Federal University, at Gubkin Russian State University of Oil and Gas, Russian Motorcycle Federation, Chairman of Russian National Committee of the World Energy Council and Head of the Board of Guardians at Russian Athletics Federation.
Hans-Joerg </br> Rudloff

Hans-Joerg
Rudloff

Chairman of the Audit Committee of the Board of Directors, member of the HR and Remuneration Committee of the Board of Directors, Independent Director

Born in 1940.

1965 Graduated from the University of Bern.

1998–2014 Chairman of the Board of Barclays Capital Bank.

2002 – present Chairman of the Management Board of Marcuard Holding.

2003 – present Executive Director of ABD Capital S.A.

2015 – present President of ABD Capital Eastern Europe S.A.

June 2006 – June 2013 Elected for the first time as a member the Rosneft’s Board of Directors. June 2018 Re-elected to Rosneft’s Board of Directors.

Shares
Holds no shares of Rosneft.
Member of the Council of International Center for Monetary and Banking Studies (ICMB), member of Advisory Council TBG Holdings NV (Thyssen-Bornemisza Group), and member of the Board of Directors of Decolef, Guardian Capital.
Membership and Structure of the Board of Directors
Key Competencies of the Board’s members
Members of the Board of Directors Fields of Competence
Strategy Oil&Gas Corporate Governance and M&A Law Finances & Audit Risk Management Policy/GR HSE HR
Gerhard Schroeder X X X X
Igor Sechin X X X X X X X
Matthias Warnig X X X X X X
Faisal Alsuwaidi X X X X
Andrey Belousov X X X X X X X
Oleg Viyugin X X X X X
Ivan Glasenberg X X X
Robert Dudley X X X X X X X
Guillermo Quintero X X X X X X X
Alexander Novak X X X X X
Hans-Joerg Rudloff X X X X
Donald Humphreys Resigned from the Board of Directors on 21 June 2018. X X X X X
Directors’ Attendance at the Board and Committee Meetings in 2018
Board of Directors
Director Status (Executive/Non-Executive/Independent) Attendance at meetings Audit Committee HR and Remuneration Committee Strategic Planning Committee
Gerhard Schroeder Independent 24/24
Igor Sechin Executive 23/24
Matthias Warnig Independent 24/24 14/14 13/13
Faisal Alsuwaidi Non-Executive 24/24 13/13
Andrey Belousov Non-Executive 22/24 13/13
Oleg Viyugin Independent 24/24 14/14 13/13
Ivan Glasenberg Non-Executive 24/24 13/13
Robert Dudley Non-Executive 24/24 13/13
Guillermo Quintero Non-Executive 24/24 13/13
Alexander Novak Non-Executive 22/24 13/13
Hans-Joerg Rudloff Independent 13/13 6/6 6/6
Donald Humphreys Resigned from the Board of Directors on 21 June 2018. Independent 11/11 8/8 7/7
Note: The first figure shows the number of meetings attended by a member of the Board of Directors, and the second figure is the total number of meetings they were entitled to attend
For reference: Chairman of the Board of Directors Gerhard Schröder and the members of the Board of Directors Igor Sechin, Matthias Warnig, Robert Dudley, Hans-Joerg Rudloff, and Donald Humphreys were not entitled to vote on agendas, which could give rise to a potential conflict of interests of legal and (or) business grounds.

Initiation

The Company established the initiation procedure for newly elected directors to ensure their prompt entry into the work of the Board of Directors and efficient use of their professional skills.

Due to the change of the Board of Directors composition in 2018, the management promptly introduced Hans-Joerg Rudloff to the current activities of the Company, its strategy, corporate and organizational structure, and corporate governance practices.

For the efficient exercise of his powers, Hans-Joerg Rudloff was given recommendations on non-disclosure behavior, the procedure of attendance of the Board of Directors meetings and committees.

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