MOSCOW (Reuters) - Russian billionaire Viktor Vekselberg, who sold out of Anglo-Russian oil giant TNK-BP a year ago, is forming a new board for his Swiss-based investment vehicle made up of international executives to focus on global expansion, he said on Tuesday.
The new board for his Zurich-based company - Renova Management AG (RMAG) - will manage his international businesses, mainly Swiss industrial companies Oerlikon
Vekselberg also owns nearly six percent of aluminum giant Rusal <0486.HK> as well as Russian assets ranging from construction to energy.
The board will be chaired by Vekselberg, who made his money in metals and energy and is now worth more than $15 billion according to Forbes. It will include Deutsche Bank supervisory board member Peter Loscher, as well as former Deutsche Bank CEO and Anglo-Dutch oil major Royal Dutch Shell
The move will allow RMAG to focus on the next phase of its development, involving further growth and international expansion, Vekselberg said in a statement.
"There are no immediate plans to enter new assets using RMAG as a managing company now, but its new board may provide some ideas soon giving its best expertise," said Renova's spokesman Andrey Shtorkh.
Loscher, a former chief executive of German engineering group Siemens
Vekselberg was part of the Alfa-Access-Renova (AAR) consortium of four Soviet-born billionaires who sold out of TNK-BP last year to Russian oil giant Rosneft
He is also president of government-funded high-tech developer Skolkovo Foundation.
(Reporting by Megan Davies and Polina Devitt, editing by David Evans)