RNFTF - Former German chancellor Schroeder quits Rosneft board

Russia's Rosneft (OTCPK:RNFTF) said Friday that former German Chancellor Gerhard Schroeder will leave its board, following widespread calls for him to cut ties over the invasion of Ukraine. Schroeder, a Social Democrat like current Chancellor Olaf Scholz, led the ruling coalition government in 1998-2005 but has become an embarrassment for his party after refusing to distance himself from Vladimir Putin and give up lucrative jobs with Russian state-owned energy firms. The European Parliament said earlier this week that Schroeder should be blacklisted if he did not quit the Rosneft board, in a move also meant to dissuade him from taking a top job at Gazprom (OTCPK:OGZPY). The Wall Street Journal also reported Friday that Rosneft (OTCPK:RNFTF) CEO Igor Sechin's two top lieutenants, first vice presidents Didier Casimiro and Zeljko Runje, are leaving the company, adding that three other top executives have departed or will depart in the coming days. The

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Former German chancellor Schroeder quits Rosneft board