FILE - In this July 2, 2015, file photo, Russian metals magnate Oleg Deripaska attends Independence Day celebrations at Spaso House, the residence of the American Ambassador, in Moscow, Russia. A federal judge has dismissed a defamation lawsuit brought against The Associated Press by Russian billionaire Deripaska, who has ties to Russian President Vladimir Putin. (AP Photo/Alexander Zemlianichenko, File)
RUSSIA - Russian billionaire Oleg Deripaska plans to quit his posts of president of the En+ Group and Rusal companies, which are global power and aluminium producers, the Kommersant newspaper reported yesterday, citing its own sources. 

According to the sources, Deripaska will retain his seats on the boards of directors, but as a non-executive director. Incumbent En+ Group executive director Maxim Sokov will take the post of the company’s president. Rusal chief executive Vladislav Soloviev will be succeeded by the company’s chief financial officer Alexandra Bouriko and will be promoted to Rusal president. Soloviev will also become En+ executive director. 

The companies’ boards of directors will reportedly consider the reshuffle at the end of the week.