Latest news with #Denisov
Mint
4 days ago
- Business
- Mint
Nayara Energy names Sergey Denisov as new CEO after Des Dorides resigns amid EU sanctions
(Bloomberg) -- Nayara Energy Ltd., a company partially owned by Russian giant Rosneft PJSC and recently hit by EU sanctions, has appointed a new chief executive officer following the resignation of Alessandro des Dorides last week, according to people familiar with the development. Sergey Denisov has replaced des Dorides, said the people, who asked not to be named due to the sensitivity of the issue. Denisov has been with Nayara since October 2017 and was most recently the refinery's chief development officer, according to a LinkedIn profile under his name. Prior to joining the company, he spent more than six years at oil major BP Plc. Des Dorides spent much of his career at Italian major Eni SpA. He became Nayara's CEO in March 2024. Reuters earlier reported that Denisov's appointment was confirmed on Wednesday. Nayara's webpage doesn't list its key executives. Denisov didn't immediately respond to messages sent via his LinkedIn account. The development follows the EU's latest round of restrictions last week, targeting Russia and its oil trade. That included sanctions against Nayara, in which Rosneft holds a 49.13% stake. Rosneft has called the sanctions 'unjustified and illegal.' The Mumbai-based refiner said in a statement on Monday that it was exploring legal and other options to protect its interests.
Time of India
4 days ago
- Business
- Time of India
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine. This week, a tanker carrying Russian Urals crude was diverted away from Nayara's Vadinar port to unload its cargo at another port in western India, Reuters reported. That came after two other tankers skipped loading refined products from Vadinar, Reuters reported. Mumbai-based Nayara has appointed company veteran Sergey Denisov as chief executive to replace Alessandro des Dorides, the sources said. Denisov's appointment was decided at a board meeting on Wednesday, they said. Nayara Energy did not immediately respond to a request for comment. Des Dorides, who joined Nayara Energy in April 2024, did not immediately respond to a message sent on LinkedIn. Denisov has been with the company since 2017. Nayara Energy has condemned the EU's "unjust and unilateral" decision to impose sanctions. Russia's Rosneft holds a 49.13% stake in Nayara and a similar stake is owned by a consortium, Kesani Enterprises Co Ltd, led by Italy's Mareterra Group and Russian investment group United Capital Partners. India, which has become the top importer of seaborne Russian oil in the aftermath of Moscow's Ukraine invasion, has also said it does not support the bloc's sanctions.
The Hindu
4 days ago
- Business
- The Hindu
CEO of Russia-backed Indian refiner Nayara Energy resigns after E.U. sanctions, sources say
Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday (July 25, 2025). The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine. This week, a tanker carrying Russian Urals crude was diverted away from Nayara's Vadinar port to unload its cargo at another port in western India, Reuters reported. That came after two other tankers skipped loading refined products from Vadinar, Reuters reported. Mumbai-based Nayara has appointed company veteran Sergey Denisov as chief executive to replace Alessandro des Dorides, the sources said. Denisov's appointment was decided at a board meeting on Wednesday, they said. Nayara Energy did not immediately respond to a request for comment. Des Dorides, who joined Nayara Energy in April 2024, did not immediately respond to a message sent on LinkedIn. Denisov has been with the company since 2017. Nayara Energy has condemned the EU's "unjust and unilateral" decision to impose sanctions. Russia's Rosneft holds a 49.13% stake in Nayara and a similar stake is owned by a consortium, Kesani Enterprises Co Ltd, led by Italy's Mareterra Group and Russian investment group United Capital Partners. India, which has become the top importer of seaborne Russian oil in the aftermath of Moscow's Ukraine invasion, has also said it does not support the bloc's sanctions.e)
Reuters
5 days ago
- Business
- Reuters
Exclusive: CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
NEW DELHI, July 25 (Reuters) - Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. Mumbai-based Nayara has appointed company veteran Sergey Denisov as chief executive to replace Alessandro des Dorides, the sources said. Denisov's appointment was decided at a board meeting on Wednesday, they said. Nayara Energy, partly owned by Russian oil major Rosneft ( opens new tab, did not immediately respond to a request for comment. Des Dorides, who joined Nayara Energy in April 2024, did not immediately respond to a message sent on LinkedIn. Denisov has been with the company since 2017. Nayara Energy has condemned the EU's "unjust and unilateral" decision to impose sanctions. India has also said it does not support the bloc's sanctions.
Time of India
5 days ago
- Business
- Time of India
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. Mumbai-based Nayara has appointed company veteran Sergey Denisov as chief executive to replace Alessandro des Dorides, the sources said. Denisov's appointment was decided at a board meeting on Wednesday, they said. Explore courses from Top Institutes in Please select course: Select a Course Category Management Artificial Intelligence Technology MCA Leadership PGDM Project Management Digital Marketing Product Management MBA Data Science others Design Thinking CXO Degree Data Science Others Data Analytics Public Policy Operations Management Cybersecurity Finance healthcare Healthcare Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Nayara Energy, partly owned by Russian oil major Rosneft , did not immediately respond to a request for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sarah Ferguson breaks her silence about Prince Andrew Cleverst Undo Des Dorides, who joined Nayara Energy in April 2024, did not immediately respond to a message sent on LinkedIn. Denisov has been with the company since 2017. Live Events Nayara Energy has condemned the EU's "unjust and unilateral" decision to impose sanctions. India has also said it does not support the bloc's sanctions.
