Former tax chief Rumen Spetsov tightened his grip on sanctioned Russian petroleum giant Lukoil by ousting executives across three Bulgarian subsidiaries and positioning himself as a singular authority over retail fueling networks, aviation supply operations, and maritime bunker services. Commercial registry filings reveal the special administrator terminated Alexander Velichkov from the domestic station chain while removing Russian national Mikhail Sizov from parallel aviation and shipping fuel divisions, though Velichkov retains oversight of the Burgas refinery board.
The consolidation follows Spetsov's recent dismissal of board chairman Evgeni Manyakhin from representative duties at the processing facility, leaving the Russian executive as a powerless director. Registry agents continue processing the management purge documentation as the administrator assumes complete operational command over assets belonging to the penalized energy company.
The consolidation follows Spetsov's recent dismissal of board chairman Evgeni Manyakhin from representative duties at the processing facility, leaving the Russian executive as a powerless director. Registry agents continue processing the management purge documentation as the administrator assumes complete operational command over assets belonging to the penalized energy company.
