Tatneft deputy general manager Nail Maganov becomes company head.

      Interfax reports that Nail Maganov, a former first deputy general director of Tatneft, was appointed as chief executive officer. It was announced by President of Tatarstan Rustam Minnikhanov at the meeting with the group of republic's oil industry activists in Almetyevsk.

      "Thanks for your great trust, rendered by this appointment," said Maganov, adding that the company is in good financial and working condition. "Strategic goals and objectives are set up. We know what we are doing and why we are doing”, he added. The current CEO of Tatneft Shafagat Takhautdinov is stepping down for family reasons. "We agreed that he will stay in the board of directors. We have decided it today", President of Tatarstan said. "My decision to leave for a well-earned rest is thought-out", - said Shafagat Takhautdinov, adding that he worked in the oil industry for nearly 50 years.