Gazprom CEO Miller reappointed for another 5 years

The board of Russia’s state-controlled Gazprom has extended the contract of its Chief Executive Officer Alexei Miller, who has headed the gas giant for almost a decade, for another five years, Gazprom said on Tuesday.

“The board has reappointed Alexei Miller as chief executive officer for another 5 years from May 31, 2011,” the gas giant said in a statement. The current contract of Miller, 49, expires on May 31, 2011.

Prime Minister Vladimir Putin has said he ordered government representatives in Gazprom to vote for Miller’s reappointment.

Last June Miller, who has an economics degree from the Leningrad Finance and Economics Institute, said that although chairing Gazprom was rough, he was ready to continue working.

Under Miller’s leadership, Gazprom launched the Blue Stream gas pipeline to export gas to Turkey, increased the installed capacity of the Yamal-Europe pipeline, one of its key export pipelines, and launched the construction of the Nord Stream pipeline meant to carry gas to European consumers bypassing transit states.

Gazprom has also started building the South Stream pipeline.

MOSCOW, March 22 (RIA Novosti)

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