OREANDA-NEWS. TNK-BP International (TNK-BP) looks set to appoint a new chief executive officer on 13 November. The most likely candidate for this position is Maxim Barsky, according to domestic media. The company had no comment, reported the press-centre of Otkritie FC.
  
View: At present, Maxim Barsky is a deputy CEO at TNK-BP in charge of financial issues (along with CFO Jonathan Muir). We believe that if Barsky is appointed CEO, it might speed up the IPO process. Previously, Barsky was managing director for West Siberian Resources (currently Alliance Oil). He conducted the company’s IPO on Nordic Stock Exchange in Stockholm.     

Valuation: TNK-BP Holding’s stock trades at a 26% discount on 2010 P/E to the rest of the energy sector.

Action: We read this news as marginally positive for TNK-BP Holding stock.