OREANDA-NEWS. The Bank of Russia approved the appointment of Chief Executive Director Vladimir Rykunov as President of Bank Petrocommerce. On the basis of the resolution of the Extraordinary General Meeting of Shareholders dated 25 December 2013, Mr. Rykunov became the Bank's President on 31 December 2013.

Mr. Rykunov graduated from Moscow State University, where he majored in economics. He holds a PhD in economics. Mr. Rykunov joined Bank Petrocommerce in November 2013 as Chief Executive Director. He has held senior management positions at various banks since 1992. From 2008 till 2013, he was Financial Director and member of the Executive Board of NOMOS-BANK.