Rusneftegaz can today announce the appointment of David John as our first Director of Trading, whose work will begin work with immediate effect. This new position has been created in lieu of our wider international expansion program, with our plan to commence trading oil set to be implemented imminently. Following his appointment, John remarked:
"I am extremely grateful for this opportunity to work for Rusneftegaz. Once I spoke to Igor Migunov and Vitaliy Kalyuzhniy, I was excited to join this project and realized the potential Rusneftegaz has to expand and grow. I look forward to working with the team here at Rusneftegaz to ensure this project is a great success."
To date, John has enjoyed an illustrious career taking him across Europe, where he has accumulated a voluminous amount of experience and knowledge of the petroleum market, that ultimately we intend to utilize to our benefit. He joins Rusneftegaz from a leadership position at one of the largest private commodity trading companies in the United Kingdom, where his work was highly regarded by his contemporaries. During this time, he has successfully conducted business with numerous individuals and entities throughout the oil industry, including Rusneftegaz, both in the purchase and sale of both crude and refined products. In response to John joining our organization, our Deputy Chief Executive Officer, Aleksandr Filyurin, remarked:
"I am honored to welcome David to our organization. We have known and worked with him for a long time, and know how reliable and diligent his work is. When we decided that we needed to appoint a new directorate to manage our trading business, we decided it would be best if we could recruit someone who we already knew and worked with. When we asked David if he was interested, we were delighted when he said that he was. Let us be honest, he is taking on a difficult task here, building a new business from the beginning is always going to be a difficult challenge, regardless of how well resourced it is. That said, there is no doubt in my mind that David has all the right credentials to make this work, and I am optimistic that he can build a lasting and successful team that is with us long into the future.”
In the months ahead, John will be tasked with finalizing the establishment of our international trading hub, which is set to begin business early next year. Once this first phase has concluded, the new Director of Trading will be tasked with creating a network of partners to facilitate the growth of this particular operation. Not only does this include the buyers and sellers of commodities, but also the inspectors, port officials, and terminal staff, in conjunction with the pipeline, rail and tanker companies that physically transport the product. John, with the support of the team has assembles, will interact with these parties on a daily basis to ensure the swift and secure movement of goods across the globe.
To fulfill this role, John will collaborate and coordinate with his immediate superior, Igor Migunov, who currently serves as our Director of International Operations after ascending to the role earlier this year. Both men have collectively been given a degree of autonomy by the board of directors to construct an enterprise that they believe will drive significant increases in revenue from this venture. This does not solely include domestic sales within the Russian Federation, but also in countries and regions where Rusneftegaz is yet to conduct activities, such as in East Asia. For instance, this may include commencing trading on alternative and foreign commodities exchanges when and where necessary. All further updates regarding these operations will be published in due course, and any vacancies that arise will be advertised both on this website and via our local partners at an appropriate time.