Archive · 25 Jul 2025
Nayara Energy CEO Resigns Amidst EU Sanctions; New CEO Appointed
Imagine a big oil company called Nayara Energy.
The boss, Alessandro des Dorides, had to quit because some countries in Europe put sanctions on the company.
This means these countries don't want to do business with Nayara Energy.
The company has chosen someone new, Sergey Denisov, to be the new boss.
He's been working at the company for a while.
Nayara Energy is partly owned by a Russian company, and they are not happy about the sanctions.
They think it's unfair and say it was a decision made by only a few countries.
Nayara Energy's CEO, Alessandro des Dorides, resigned due to EU sanctions.
Sergey Denisov, a company veteran, has been appointed as the new CEO.
The appointment of Denisov was decided at a board meeting on Wednesday.
Nayara Energy is partly owned by the Russian oil major Rosneft.
Nayara Energy condemned the EU sanctions as "unjust and unilateral."
- Who
- Sergey Denisov replaced Alessandro des Dorides as Nayara Energy's CEO.
- What
- Nayara Energy appointed a new CEO after previous CEO resigned due to EU sanctions.
- When
- The appointment was decided at a board meeting on Wednesday. The news was published on July 25, 2025.
- Where
- Mumbai-based Nayara Energy.
- Why
- The previous CEO resigned due to EU sanctions against the company.
- Company
- Nayara Energy
- New CEO
- Sergey Denisov
- Former CEO
- Alessandro des Dorides
- Ownership
- Partly owned by Rosneft
- Location
- Mumbai, India
- Reason for Resignation
- EU sanctions
- Sanction Status
- Nayara Energy condemned EU sanctions