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.