National Company "KazMunayGas" announces management changes

25.04.25 17:53
/KASE, April 25, 2025/ – National Company "KazMunayGas" JSC (KASE ticker – KMGZ) announced the following: quote Due to changes in the organizational structure of JSC "National Company "KazMunayGas" (KMG) and the expansion of the Competence Center’s activities within LLP "KMG Engineering", the functions of several business units have been redistributed. Specifically, the corporate development function has been strengthened, while the management of gas projects has been transferred back to the Oil and Gas Production unit. Kazbek Kainarbekovich Kusainov will oversee KMG's strategic and corporate development, sustainable development and ESG initiatives, project management efficiency improvements, as well as matters related to decarbonization and environmental protection. Mr. Kusainov began his professional career in 2000 as a specialist in the Administrative Department of JSC "KazTransOil". Over the years, he has held various leadership positions at JSC "KazTransGas" and served as Lead Specialist in the Asset Management Department of JSC "National Company "KazMunayGas". He also held the position of Deputy General Director of LLP "M&SE". Since August 2023, he has been a member of the Board of Directors and an Independent Director at JSC "KazTransOil". It should be noted that Kazbek Kusainov has been appointed Deputy Chairman of the Management Board of JSC "National Company "KazMunayGas", succeeding Serikkali Brekeshev, who stepped down from the position at his own initiative. unquote This information in Kazakh is posted at – https://kase.kz/files/emitters/KMGZ/kmgz_relizs_250425_kz.pdf This information in Russian is posted at – https://kase.kz/files/emitters/KMGZ/kmgz_relizs_250425_1.pdf This information in English is posted at – https://kase.kz/files/emitters/KMGZ/kmgz_relizs_250425_en.pdf [2025-04-25]