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Oil major’s ex-vice president will continue to sue TNK-BP for compensation

13:51 07/03/2014

MOSCOW, March 7 (RAPSI) – Irina Kibina, former TNK-BP vice president for public relations who has been awarded partial compensation by court order, said on Facebook that she will continue her fight for more money.

Kibina plans to donate the compensation she has already been awarded to the charity foundation “Starost v Radost” (Old Age, Happy Age), which helps people in retirement homes.

Last year, ten TNK-BP top managers sent a letter to Rosneft President Igor Sechin proposing that their employment contracts be terminated upon mutual agreement from July 1, and that they be issued severance pay in the amount of two year’s salary, bonuses for January-June 2013 and also long-term bonuses. In all, they demanded a total of between $8 million and $9 million.

A Rosneft source told Prime that these managers have no documented reason for this kind of compensation. They were offered positions at Rosneft, which has no golden parachutes among its executive pay plans.

State oil company Rosneft closed the deal to buy TNK-BP from UK-based BP and four Russian tycoons on March 21, 2013. The $55 billion deal gave BP a near 20% stake in Rosneft.

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Oil major’s ex-vice president will continue to sue TNK-BP for compensation

13:51 07/03/2014 Irina Kibina, former TNK-BP vice president for public relations who has been awarded partial compensation by court order, said on Facebook that she will continue her fight for more money.
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