Mikhail Gutseriev, the owner and President of OAO NK RussNeft, chaired the Board of Directors of the Company. Oleg Gordeev, previously holding the position of the Senior Vice-president for Commerce, was appointed the President of RussNeft. Mikhail Gutseriev intends to focus on addressing the tactical objectives of combatting the crisis in industry, construction, real estate and banking within the range of interests of BIN Group.