PJSC LUKOIL announced that the Board of Directors meeting was held after the Annual General Shareholders Meeting where Valery Grayfer was elected Chairman of the newly elected Board of Directors of company. Ravil Maganov was elected Deputy Chairman of the Board of Directors. The Board of Directors also recognized Victor Blazheev as an independent member of the Board of Directors despite the formal criteria of association with the Company resulting from his service on the Board of Directors exceeding 7-year tenure. According to the opinion of the Board this association does not affect his ability to make independent, objective and bona fide judgements based on his professional experience and knowledge.