By Carlo Martuscelli
Rosneft Oil Co. (ROSN.MZ) on Friday elected former German chancellor Gerhard Schroeder to the position of chairman of the board of directors.
The Russian oil-and-gas company approved the appointment at an extraordinary shareholders meeting held in St. Petersburg. At the meeting, a new board of directors was elected and its number increased to 11 from nine.
Mr. Schroeder is also a non-executive director on the board of Nord Stream AG--a consortium for the construction of an underwater pipeline between Russia and Germany.
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