Meeting in absentia, the OAO Gazprom Board of Directors recently decided to elect Oleg Aksyutin to the Management Committee of OAO Gazprom for a five-year term. Mr. Aksyutin replaces Bogdan Budzulyak in the position.

Background:

By a Gazprom order, Bogdan Budzulyak was relieved of his post as Head of Gas Transportation, Underground Storage and Utilization Department in October 2008 due to his retirement.

Oleg Aksyutin was appointed to replace him.

Mr. Aksyutin was born in 1967 in the city of Kuybyshev. In 1990 he graduated with honors from the Kuybyshev Aviation Institute named after Academician S.P. Korolyov, majoring in Aircraft and Engines Operation and qualified as a Mechanical Engineer.

Mr. Aksyutin has a PhD in Geological and Mineralogical Sciences and is a Corresponding Member of the International Academy of Technological Sciences and the Russian Academy of Natural Sciences.

He began his career at the Stavropol Gas Production Unit of the Kavkaztransgaz Production Association.. He worked as a compressor operator, gas facilities operation engineer, Deputy Head of Booster Compressor Station #2 and Head of the Rozhdestvenskaya Gas Compressor Service.

In May 1998 he was appointed Head of the Stavropol Gas Production Unit.

From October 2002 to June 2007 he served as Chief Engineer and First Deputy Director General of Kavkaztransgaz.

Since June 2007 he has served as Director General of Gazprom Dobycha Nadym.