The composition of the board of directors will change in the management of the KazTransOil (KTO) oil pipeline operator. Two people will be expelled from there, including the chairman, who has been in office since May last year, according to a statement on the website of the Kazakhstan Stock Exchange (KASE).
Chairman of the Board of Directors Marat Ormanov will be expelled from the governing body of KTO from July 17. In addition, board member Marlen Orazbekov will leave his position on July 15. The document contains the wording that the decision was made “on its own initiative”.
Marat Ormanov has been Chairman of the Board of Directors of the company since May 2022. He was born in October 1971. He graduated from the Sevastopol Higher Naval Engineering School with a degree in Power Plants, a Mechanical Engineer, a specialist in international economic relations with knowledge of a foreign language, and from the Kainar University with a degree in International Economic Relations. His career began in 1996, when Ormanov became a leading specialist in the sale of Mangystaumunaigas products. He worked for the company until 2001. After that, in different years he worked in Kazmortransflot and KazMunayGas (KMG).
Marlen Orazbekov was born in July 1972. He graduated from the Tselinograd Civil Engineering Institute, as well as the Karaganda Institute of Actual Education Bolashak at the KarSU named after Buketov. He worked in the Ministry of Justice, then worked as a chief lawyer at KMG, from 2017 to 2020 he held the position of Director of Legal Affairs at Exploration Production KMG. Since January 2020, he has been working as Chief of Staff of KMG.
Taking into account the changes made, from July 17, the composition of the Board of Directors will look like this:
• General Director and Chairman of the Board of KTO Talgat Kurmanbaev;
• independent director Vinicius Agostini;
• independent director Adrian Freysinet;
• independent director Alberto Martinez.
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