Alexei Zagorovsky Named New Chief at Shtokman Development AG

摘要

The board of directors of Shtokman Development AG appointed on May 31 Alexei Zagorovsky the company's new director. Before the appointment, Zagorovsky worked as deputy general director at Gazprom Dobycha Shelf. The 44-year-old executive replaced Yury Komarov who resigned in April. Zagorovsky will be tasked with minimizing the project operator's spending on the Shtokman field whose development costs are estimated at $12-18 billion. He would also have to present the project's feasibility study to shareholders in October.