Russian oil firm Yukos has brought in government insider Viktor Gerashchenko to spearhead its effort to avoid bankruptcy by seeking to settle a massive tax bill
Published:
26 June 2004 y., Saturday
Russian oil firm Yukos has brought in government insider Viktor Gerashchenko to spearhead its effort to avoid bankruptcy by seeking to settle a massive tax bill.
Yukos also replaced Chief Executive Simon Kukes with U.S. oilman Steven Theede at its annual general meeting Thursday.
Analysts said Kukes had failed to make progress in a $3.4 billion tax dispute, and Gerashchenko -- a former central bank chief and proven crisis manager -- would be able to bring his establishment credentials to the negotiating table as Yukos chairman.
A former senior executive in energy giant ConocoPhillips, Theede comes in at a time when the firm is mired in court battles and its main shareholder and former CEO Mikhail Khodorkovsky is on trial for fraud.
Last week, the company wrote to Russian Prime Minister Mikhail Fradkov proposing to save itself by handing over assets in lieu of tax and buying out the 32 percent stake of Khodorkovsky, Russia's richest man.
Šaltinis:
cnn.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The future of Europe's troubled car market and 12 million jobs was under scrutiny Tuesday.
more »
Europe must take the lead in finding solutions to the global crisis at next week's G20 summit, British prime minister Gordon Brown told MEPs in a speech in Strasbourg on Tuesday that was warmly welcomed by leaders of the main political groups.
more »
The US and Europe are in the worst economic crisis since the 1930s. With unemployment rising dramatically and businesses failing, fear is spreading.
more »
Monday evening sees MEPs consider the emotive subject of food prices in Europe.
more »
Shares in Wincor Nixdorf AG have fallen 3.5 percent and the ATM company says it is preparing to cut production hours.
more »
Leaders agreed to use €5bn in unspent EU funds to upgrade energy and internet connections. And they raised the ceiling on EU aid to countries having difficulties.
more »
Charges on heavy-goods vehicles should be based in part on the air and noise pollution they produce, according to legislation approved by the European Parliament today.
more »
EU agriculture officials are about to get a reality check. Starting next year, their on-the-job training will include a stint on a working farm.
more »
Privatisation, balanced budgets, low public deficits, and free trade have long been the mantra for prudent economic management.
more »
Building roads and pipelines, ensuring food safety, improving education, fighting discrimination and boosting jobs are all funded from the EU budget.
more »