Born in Findlay, Ohio in 1950, Bruce Misamore earned both his BSBA in finance in 1972 and his MBA in 1973 from Bowling Green State University.
In 2001-2005, Bruce Misamore was the Chief Financial Officer of YUKOS Oil Company in Moscow, Russia, and a member of the YUKOS Management Committee. YUKOS was at that time largest Russian oil company and the fourth largest oil producing company in the world. Mr. Misamore was Deputy Chairman of the Management Committee and a member of the Executive Committee of the Board of Directors.
Before joining YUKOS, Mr. Misamore had been Senior Vice President – Finance and Treasurer of PennzEnergy Company in Houston. Mr. Misamore’s prior positions also included Vice President and Treasurer of Pennzoil Company and various middle and upper middle management financial positions with Marathon Oil Company/USX Corporation.
Now Mr. Misamore works from his Houston home to regain lost assets for YUKOS’ more than 55,000 shareholders. Now retired, Mr. Misamore spends several hours a day working on YUKOS -related issues. In 2007 Russian authorities seized YUKOS’ assets to satisfy fictitious tax claims against the company, after having arrested its CEO Mikhail Khodorkovsky on fraudulent politically motivated charges.
Mr. Misamore maintains that the tax charges were trumped up and that the seizure was unjust, a move by the Kremlin to re-nationalize its oil industry and punish political enemies of Russian leader Vladimir Putin. YUKOS’ assets were eventually sold to two state-owned companies, Rosneft and Gazprom, and the proceeds from the sales paid primarily to the Russian government to satisfy the fictitious tax claims. Russian prosecutors have argued that Mr. Misamore and his counterparts stripped valuable assets from the company and sold them for personal gain. Bruce K. Misamore dismisses the allegations as absurd.
