TNK-BP CEO wants to sack top managers at Moscow corporate centre - source
Interfax
June 18, 2008
BP has taken steps to convene an extraordinary session of the board of directors of the TNK-BP Management company at which the issue of sacking Russian top managers may be discussed, Interfax reported on 18 June.
"By now the situation has deteriorated, BP is taking actions regarding the dismissal of TNK-BP's Russian top managers. BP has every legal possibility [to do so] despite the fact that it contradicts the TNK-BP Ltd's shareholders agreement," a source close to TNK-BP Management told the Agency for Oil Information , as quoted by Interfax.
Earlier TNK-BP president and CEO Robert Dudley addressed a proposal to the chairman of the board of TNK-BP Management, Viktor Vekselberg, with the demand to convene the board of directors of TNK-BP Management, with the dismissal of board members Igor Maydannik (executive vice president, legal support) and Boris Kondrashov (executive vice president, security).
Vekselberg replied that the dismissal issue was in the competence of TNK-BP Ltd and not TNK-BP Management. In his letter Vekselberg said that he put the issue was put on the agenda of the TNK-BP Ltd board of directors' meeting which did not take place.
The report quoted legal experts working with TNK-BP as saying that BP can now initiate an extraordinary session of the board of directors of TNK-BP Management on a request of one of its board's members at which the issue of Maydannik and Kondrashov's dismissal may be raised.