AFK Sistema, Russian billionaire Vladimir Yevtushenkov’s holding company, appointed Viktor Khoroshavtsev to oversee its minority stake in OAO Bashneft and other oil assets in Russia’s Bashkortostan region.
Khoroshavtsev, who has a background in the oil industry, previously was a senator from Udmurtia in Russia’s parliament, Sistema said in an e-mailed statement today. He is a “specialist in overcoming crises,” Sistema Chief Executive Officer Leonid Melamed said in the statement.
Khoroshavtsev will replace Maxim Voznesensky as head of OAO Sistema-Invest, the unit in charge of the Bashkir oil interests, Interfax reported.
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