Saturday, 30 July 2016
Last updated 8 hours ago
May 30 2014 | 8:56am ET
John Mack, the former CEO of Morgan Stanley and chairman of hedge fund Pequot Capital Management will leave the board of Russia’s largest oil company.
Mack, a senior adviser at Kohlberg Kravis Roberts, became a Rosneft director just last year. Rosneft said he was stepping down for personal reasons, but his exit comes amidst deepening tensions between Russia and the west over the former’s annexation of the Ukraine’s Crimean peninsula.
Rosneft is controlled by the Kremlin, and its head, Igor Sechin, is among the Russians sanctioned by the U.S. over the Crimean situation.