A representative of Russian oil major OAO Gazprom Neft (SIBN.RS) has been appointed new chief executive of London-listed oil producer Sibir Energy PLC (SBE.LN), Sibir said Thursday in a statement.

Igor Tsibelman, head of international legal affairs at Gazprom Neft, will replace Sibir's acting CEO Stuard Detmer with immediate effect, Sibir said.

Tsibelman, together with Gazprom Neft's Chief Financial Officer Vadim Yakovlev, has been appointed to Sibir's board.

Wednesday, Gazprom Neft said it had become the biggest shareholder in Sibir Energy, holding 33.6% of shares.

"The appointment of Yakovlev and Tsibelman is an important step in re-building the Sibir board and establishing a high standard of corporate governance for the company," said Stuard Detmer, who remain on Sibir's board as a non-executive director

Company Web site: www.sibirenergy.com

-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com
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