Dmitry Konov resigns from SIBUR board due to international sanctions

Moscow, Russia – Dmitry Konov has resigned from his position as Chairman of PJSC SIBUR Holding’s Management Board, from PJSC SIBUR Holding’s Board of Directors, and from the Management Boards at PJSC SIBUR Holding and SIBUR LLC.

PJSC SIBUR Holding’s Management Board will transfer its decision-making authorities partly to PJSC SIBUR Holding’s Board of Directors and the remainder to the Management Board of SIBUR LLC, PJSC SIBUR Holding’s management company.

These organizational changes are being made following Dmitry Konov’s inclusion in the EU and UK sanctions lists and are expected to improve SIBUR’s resilience as one of the fastest-growing petrochemical players in the world.