Mikhail Fridman, co-owner of Russian-British oil holding company TNK-BP, officially resigned as head of the company Monday.
A statement on the TNK-BP site said Fridman submitted his resignation June 29, resigning as chairman of the board and CEO and passing his powers to the company's top management.
Fridman's resignation had been expected since mid-May, when reports emerged that he would quit his post because of aggression from BP, the company's main shareholder.
See also: TNK-BP Head Quits as Shareholder Crisis FlaresA Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
