His fellow independents will be James Leng, the chairman designate of Rio Tinto, and Alexander Shokhin, president of the Russian Union of Industrialists and Entrepreneurs," the company said in a statement.
The statement said BP and Alfa-Access Renova (AAR) had agreed to appoint the three directors to "avoid the risk of deadlock between the 50:50 owners of the joint venture," which are represented on the 11-strong board by four directors from each side.
BP's four nominated directors on the main board of TNK-BP are: Andy Inglis, chief executive of BP's upstream business, David Peattie, BP's head of Russian business, Iain Macdonald, BP's deputy chief financial officer and Lord Robertson of Port Ellen.
The AAR-nominated directors are Alfa Group chairman, Mikhail M Fridman, Renova Group chairman, Viktor F Vekselberg, Access Industries chairman, Len Blavatnik and Chairman of Pamplona Capital Management, Alex Knaster.
Until a new CEO of TNK-BP is announced, Tim Summers will continue in the role.
Welcoming the new structure, BP Chief Executive Tony Hayward said: "I am especially pleased that Gerhard Schroeder has agreed to join the restructured board. The counsel of such a distinguished statesman, who brings both enormous geo-political experience and a history of strong relationships with Russia, gives me particular confidence that the next chapter in the progress of TNK-BP will be good for all shareholders and for Russia."
Author: Ksenia Kochneva
248
Former German Chancellor To Become TNK-BP Independent Director
The shareholders in TNK-BP have agreed to appoint three independent directors, including former chancellor of the Federal Republic of Germany, Gerhard Schroeder
