Sistema Appoints Alexander Korsik as Head of Oil, Energy Unit

Photographer: Alexander Zemlianichenko Jr/Bloomberg

Alexander Korsik, head of the Fuel and Energy Complex unit for AFK Sistema, speaks during a press conference at the company's headquarters in Moscow on Sept. 17, 2009. Close

Alexander Korsik, head of the Fuel and Energy Complex unit for AFK Sistema, speaks... Read More

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Photographer: Alexander Zemlianichenko Jr/Bloomberg

Alexander Korsik, head of the Fuel and Energy Complex unit for AFK Sistema, speaks during a press conference at the company's headquarters in Moscow on Sept. 17, 2009.

AFK Sistema (AFKS), Russian billionaire Vladimir Yevtushenkov’s holding company, said it appointed Alexander Korsik as head of its Oil and Energy Assets unit.

Korsik, who was formerly chairman of the board of directors at NK RussNeft OAO, will control Sistema’s newly acquired stake in Bashkir Oil and Energy Group as well as other oil-processing companies, the group said today in a statement.

To contact the reporter on this story: Jonathan Browning in London jbrowning9@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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