Mikhail Fridman, also a co-owner of the Russian joint venture with Britain’s BP as part of the AAR consortium, quit as chief executive on Monday, deepening a leadership crisis that has deprived the company of a functioning board, Reuters reported.
Fridman said told the Kommersant business daily in an interview that TNK-BP's current shareholder structure "no longer serves the interests of each party", adding that only one – either BP or AAR – should control the company, Russia's third largest crude producer.
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