This was reported by TASS with reference to the company's materials for the shareholders' meeting.

Thus, a single executive body without a collegiate (body), that is, a board, may appear in a company.

It is noted that the issue of appointing the executive body and the termination of its powers may pass to the competence of the board of directors.

The board of Lukoil recommended replacing the title of the head of the company from president to chief executive officer, the material says.

On November 1, it became known that Gazprom topped the list of the most profitable companies in Russia according to Forbes.

The top ten also includes Rosneft, Lukoil, Surgutneftegaz, Novatek and Yamal LNG.