Valery Oif, Sibneft Top Manager, is to replace Henry Horne as CEO in Russia's gold producer Highland Gold Mining Ltd
Valery Oif is known as being close to Roman Abromovich. He was one of the main figures in Sibneft, but even before it was sold out to Gazprom, he retired.
Previous week Highland was really glad to announce that Valery Oif is a newly promoted CEO. Because of his working experience in Russia, he is a definately rare and valuable candidate for this position, said Duncan Baxter, Highland Board of directors Chairman.
However, Oif is not that well acquainted with gold market, that's why his predecessor Henry Horne will give him advice for the nearest half a year.