CORRECTED - UPDATE 1-BP nominates Pavel Skitovich for TNK-BP CEO

(Corrects third bullet point and paragraph 5 to show Summers's contract expires June 1, not end-June)

* Skitovich is former CEO of Polyus Gold

* Viktor Vekselberg could be appointed interim CEO-source

* Current CEO Tim Summers's contract expires June 1

LONDON/MOSCOW, May 25 (Reuters) - Oil major BP (BP.L) said on Monday it had nominated Pavel Skitovich for the post of chief executive at TNK-BP TNBPI.RTS in a move it hopes will mark the end of a shareholder conflict at Russia's No. 3 oil producer.

Skitovich, a former Soviet vice-consul in Uganda, served as chief executive of gold miner Polyus (PLZL.MM) for five months in 2007 and has worked for the Interros group of Russian billionaire Vladimir Potanin.

"As far as we are concerned, the search for a new CEO is over. We have formally nominated a very strong candidate and we hope that the approval process will be completed in due course," BP spokesman Toby Odone said.

BP and the quartet of Russia-connected billionaires who share control of TNK-BP fell out publicly last year in a dispute that spooked foreign investors and led to the departure of many expatriate staff, including then chief executive Robert Dudley.

Though both sides say they have resolved their differences, a permanent chief executive has yet to be appointed. Tim Summers, the former chief operating officer now serving as CEO, has said his contract expires on June 1. [ID:nLT433469]

BP retains the right to nominate a chief executive for TNK-BP, but the Russia-connected shareholders have insisted that the candidate be a Russian speaker with experience in the country.

An industry source, who declined to be named, said BP could agree to the appointment of a new interim chief executive should the appointment of Skitovich not be approved prior to the expiry of Summers' contract.

One possible candidate, the source said, is businessman Viktor Vekselberg, who controls 12.5 percent of TNK-BP and is one of the four Russia-connected partners.

Vedomosti business daily reported on Monday that shareholders had reached a preliminary agreement on Vekselberg's taking this role, citing an unnamed businessman familiar with the management of BP.

Neither TNK-BP officials nor Skitovich were immediately available for comment.

TNK-BP last year elected a new board, comprising an independent director as well as an equal number of representatives of BP and Alfa-Access-Renova, the grouping which represents the Russian side.

One of the conditions of the truce between the shareholders had been that the new chief executive would be independent from either side.

Denis Morozov, the former CEO of Russian miner Norilsk Nickel (GMKN.MM), had been seen as a likely candidate for the post but talks with him ground to a halt earlier this year. (Reporting by Tom Bergin in London and Robin Paxton in Moscow; Editing by Jon Loades-Carter)