Sibur changes governance structure following sanctions

Moscow – Sibur Holding’s Dmitry Konov has resigned from his key positions within the Russian petrochemicals major following his inclusion on the EU and UK sanctions lists.

Konov, said Sibur,  had stepped down as chairman of Sibur Holding’s management board, while also resigning from the holding company’s board of directors.

Furthermore, Konov has also given up his positions on the management boards at Sibur Holding and Sibur LLC, the company added in a 16 March statement.

With the move, Sibur said it expected to improve its resilience “as one of the fastest-growing petrochemical players in the world.”