The shareholders of Nizhnekamskneftekhim elected a new board of directors at its extraordinary general meeting. The chief executive of parent company OJSC TAIF, Albert Shigabutdinov, who chaired the Nizhnekamskneftekhim board, was the only director how did not join the new board. He was named an honorary member of the Nizhnekamskneftekhim board.

Oleg Nesterov, who was appointed CEO of Nizhnekamskneftekhim in July, was newly elected to the board of directors. The other board directors were re-elected, including TAIF deputy CEOs Vladimir Presnyakov, Guzeliya Safina and Vladimir Busygin, who was Nizhnekamskneftekhim CEO until July. Busygin was named chairman of the obard.

Shigabutdinov earlier stepped down from the board of another company, Kazanorgsintez.