Sibur announces new appointments to management team

Sibur announces new appointments…

Sibur announces senior appointments aimed at developing the Company's management and strengthening the executive team in key business areas.

Pavel Lyakhovich, ex-Head of Plastics, Elastomers and Organic Synthesis Division, has been appointed Head of Basic Polymers Division. Mr Lyakhovich will continue to supervise BIAXPLEN, Sibur Holding’s subsidiary specialising in BOPP film production, as well as lead polymer recycling projects and oversee the implementation of the New Operating Model. Seeking to upgrade the Company’s organisational structure, business processes, employees’ powers and competencies, as well as corporate culture, the New Operating Model will help align Sibur’s development efforts with the best global practices.

Alexander Petrov, former Managing Director for Economics and Finance, will take over the reins of the Plastics, Elastomers and Organic Synthesis Division. Mr Petrov will also oversee Sibur’s procurement activities.

Peter O'Brien, an independent director and Chair of the Audit Committee since 2018, will join Sibur’s management team as Managing Director for Economics and Finance.

 As Executive Director, Sergey Komyshan will continue to oversee the expanding petrochemical business and will be responsible for marketing, sales, business innovation and development.

Dmitry Konov, Chairman of the Management Board at Sibur Holding: “Changes to Sibur's management team are in line with the senior leadership rotation programme.The ramp-up of ZapSibNeftekhim to design capacity, the launch of Amur GCC, the Company's new flagship project and a number of other polymer initiatives are the key drivers behind the long-term business growth and higher resilience of Sibur. This is the reason why we decided to strengthen the petrochemical line by appointing Sergey Komyshan as its head. We are confident that the rotation contributes to expanding the expertise of our key managers, improving the Company's operational efficiency. Pavel Lyakhovich and Alexander Petrov have the necessary leadership skills, experience, and understanding of the Company to take our petrochemical business to a whole new level. In his new role, Mr Petrov will make use of his expert knowledge to facilitate synergies between the production and operations, on the one hand, and finance, on the other hand.

As Sibur’s director, Peter O'Brien has a good understanding of our business and development strategy. Having held senior positions at leading international and Russian industrial and financial companies, Mr O'Brien has gained a wealth of expertise that will be invaluable given the globalisation of Sibur’s operations.”