Board of Directors of Lukoil decided to terminate the powers of Chief Executive Officer Vadim Vorobyov ahead of schedule and appointed Sergey Kochkurov as the new head of the company. Kochkurov previously held the position of vice president for oil and gas production in Russia. Last Friday Vorobyev was placed on the US sanctions list. Vagit Alekperov had earlier left his position as head of Lukoil for the same reason.