Miller decided to leave the head of Gazprom for another five years

The contract with the head of “Gazprom” Alexey Miller, which expires in may 2016, will be extended for another five years, until 2021, writes “Kommersant” with reference to information obtained from several sources familiar with the situation.

The interlocutors of the newspaper said that the government has approved a Directive to the state representatives in the Board of Directors “Gazprom” according to which the term of the contract with the Chairman of the Board of the company Alexey Miller will be extended for another five years. The newspaper’s source in the Kremlin said that the contract extension will need to be agreed in the presidential administration, but he described this procedure as “pure formality”.

Thus, the newspaper notes, the period of his tenure, Miller is going to be around not only other heads of state-owned companies, but also their predecessors in “Gazprom” and the Ministry of gas industry of the USSR, since he assumed his post in 2001 and manages the company for 15 years without a break.

In November 2015, Miller became the dearest top Manager of Russia according to Forbes, the head of “Gazprom” was headed by then such rating for the first time. According to the rating Forbes, the remuneration Miller in 2014 increased from $25 million to $27 million In total remuneration of key managers the company is $113,8 million In the publication stated that the revenues paid to Miller not only “Gazprom”: Miller heads the boards of Directors of eight of the holding companies, including “Gazprom oil” and Gazprombank, “SOGAZ” and “Gazprom-media”. In 2014, Miller received over $2 million from Gazprombank.

On the second place ranking by Forbes placed the head of VTB Andrey Kostin, who earlier headed the list. The size of his compensation dropped from $37 million in 2013 to $21 million in 2014. In this case, for the work of the Deputy Chairman of the Board of Directors of “Rosneft” Kostin paid $560 thousand