President and Management Board
The President and the Management Board are executive bodies in charge of day-to-day operations. The President serves as the Chairman of the Management Board.
The executive bodies are a key element in the Company’s management system ensuring enactment of resolutions adopted by the Board of Directors and the General Meetings of Shareholders and implementation of Nornickel's core corporate plans and programmes, and maintaining the efficiency of risk management and internal control functions.
The Company insures the liability of the Management Board members. The insurance aims to cover potential damages arising from unintended erroneous actions of the Management Board in its decision-making. The terms and conditions of the agreement, as well as the amount of insurance coverage, are consistent with the world’s best practices for such risks.
The President and members of the Management Board are elected for an indefinite period. The Board of Directors may at any time dismiss any member of the Management Board. Since 1 July 2016, the General Meeting of Shareholders has the authority to elect and dismiss the President.
Composition of the Management Board
| Resolution dated | Action | Full name |
|---|---|---|
| 12 February 2018 | Left the Management Board due to termination of employment contract | Alexander Ryumin |
| 8 June 2018 | Left the Management Board due to termination of employment contract | Elena Bezdenezhnykh |
| 21 September 2018 | Left the Management Board due to termination of employment contract | Onik Aznauryan |
| 24 December 2018 | Joined the Management Board | Sergey Barbashev |
| 24 December 2018 | Joined the Management Board | Alexander Grubman |
| 24 December 2018 | Joined the Management Board | Sergey Dubovitsky |
| Name | Participation / Number of meetings |
|---|---|
| Vladimir Potanin | 32/32 |
| Marianna Zakharova | 32/32 |
| Sergey Batekhin | 32/32 |
| Larisa Zelkova | 32/32 |
| Nina Plastinina | 31/32 |
| Vladislav Gasumyanov | 32/32 |
| Sergey Malyshev | 31/32 |
| Elena Kondratova | 32/32 |
| Andrey Bougrov | 32/32 |
| Sergey Dyachenko | 32/32 |
| Sergey Barbashev Left the Management Board as per the Board of Directors’ resolution. | 0/32 |
| Alexander Grubman Left the Management Board as per the Board of Directors’ resolution. | –0/32 |
| Sergey Dubovitsky Left the Management Board as per the Board of Directors’ resolution. | –0/32 |
| Alexander Ryumin Left the Management Board as per the Board of Directors’ resolution. | 3/32 |
| Onik Aznauryan Left the Management Board as per the Board of Directors’ resolution. | 22/32 |
| Elena Bezdenezhnykh Left the Management Board as per the Board of Directors’ resolution. | 15/32 |
Vladimir POTANIN
Born in: 1961
Nationality: Russia
Moscow State Institute of International Relations (MGIMO University), degree in International Economic Relations
1995–present Member of the Presidium of the International Foundation for the Unity of Orthodox Christian Nations
2000–present Member of the Bureau and Management Board of the Russian Union of Industrialists and Entrepreneurs
2001–present Member of the Board of Trustees of the Solomon R. Guggenheim Foundation (New York)
2003–present Chairman of the Board of Trustees of the State Hermitage Museum
2004–present Chairman and member of the Presidium of the National Council on Corporate Governance
2005–present Member of the Council of Trustees and the Board of the Russian Olympians Foundation
2006–present Deputy Chairman of the Board of Trustees of the Moscow State Institute of International Relations (MGIMO University), member of the Board of Trustees of the Graduate School of Management (St Petersburg University), and member of the Bureau and Management Board of the Russian Union of Industrialists and Entrepreneurs
2007–present Member of the Board of Trustees of St Petersburg State University and Deputy Chairman of the Board of Trustees of the MGIMO Endowment Fund
2007–2014 Member of the Supervisory Board of the Sochi 2014 Steering Committee
2008–present Member of the Board at Vladimir Potanin Foundation (formerly, Vladimir Potanin Foundation, non-profit charitable organisation)
2009–2016 Chairman of the Supervisory Board of the Russian International Olympic University
2009–present Deputy Chairman of the Board of Trustees of the Russian International Olympic University
2010–present member of the Board of Trustees of the Russian Geographical Society
2011–present Member of the Board of Trustees of the State Hermitage Museum Endowment Fund and the Moscow Church Construction Foundation
2012–2015 CEO and Chairman of the Management Board of MMC Norilsk Nickel
2013–2014 Member of the Board of Directors of OJSC Inter RAO UES
2013–2015 President of CJSC Interros Holding Company
2014–present Chairman of the Board of Trustees of the ROZA Club for Sport Development and Support
2015–present President of LLC Interros Holding Company
2016–present Member of the Board of the Endowment Fund for Education, Science and Culture, and Chairman of the Board of Trustees of the Night Hockey Foundation for the Development of Amateur Hockey
2017–present Chairman of the Supervisory Board of the Norilsk Development Agency
2018–present Member of the Board of Trustees of the Solovki Archipelago Preservation and Development Foundation
2018–present Member of the Board of Trustees of the Russia-U.S. Council on Business Cooperation, Trade Association
Sergey BARBASHEV
First Vice President
Born in: 1962
Nationality: Russia
Moscow Higher School of Militia of the Ministry of Internal Affairs of the USSR, degree in Law
2008–2018 CEO and Chairman of the Management Board at Interros Holding Company LLC (Interros Holding Company CJSC until 2015)
2008–present Member of the Board at Vladimir Potanin Foundation (formerly, Vladimir Potanin Foundation, non-profit charitable organisation)
2011–present Chairman of the Board of Directors at Rosa Khutor Ski Resort Development Company
2015–2018 Branch Director at Olderfrey Holdings Limited (Olderfrey Holdings Limited LLC until 2016)
2016–present Member of the Board of Endowment for Education, Science and Culture
2018–present Member of the Management Board, First Vice President and Head of Corporate Security at MMC Norilsk Nickel
Sergey DYACHENKO
First Vice President
Born in: 1962
Nationality: Russia
Plekhanov Leningrad Mining Institute, degree in Mining Engineering
University of Pretoria (South Africa), master’s degree
2010–2013 COO at Kazakhmys Group
2013–2014 Deputy CEO and Head of Operations at MMC Norilsk Nickel
2014–2015 First Deputy CEO and COO at MMC Norilsk Nickel
2015–present First Vice President and COO at MMC Norilsk Nickel
2016–present Member of the Board of the Non-Profit Russian Mining Council Partnership
2017–2018 Member of the Board of Directors at Norilsk Nickel Harjavalta Oy
2017–present Member of the Board of Directors at MPI Nickel Pty Ltd, Norilsk Nickel Cawse Pty Ltd, Norilsk Nickel Avalon Pty Ltd, Norilsk Nickel Wildara Pty Ltd, Norilsk Nickel Africa (Pty) Ltd, Norilsk Nickel Mauritius, and also member of the Executive Committee at Nkomati
Marianna ZAKHAROVA
First Vice President
Born in: 1976
Nationality: Russia
People s’ Friendship University of Russia (RUDN), Master’s degree in Law
2010–2015 Member of the Management Board, Deputy CEO for Legal Affairs at LLC Interros Holding Company (Interros Holding Company CJSC until 2015)
2010–2015 Member of the Board of Directors at ProfEstate
2015–present First Vice President for Corporate Governance, Asset Management and Legal Affairs at MMC Norilsk Nickel
Sergey BATEKHIN
Senior Vice President
Born in: 1965
Nationality: Russia
Krasnoznamenny Military Institute of the USSR Ministry of Defence, major in foreign languages (military and political translation)
Plekhanov Russian Academy of Economics, degree in Finance and Credit
Moscow International Higher Business School (MIRBIS), Master of Business Administration
2009–2015 Member of the Board of Directors of the Continental Hockey League
2010–2013 Vice President of CJSC Interros Holding Company
2012–2015 Chairman of the Board of Directors at Interport Management Company
2013–2015 Member of the Management Board, Deputy CEO, Head of Sales, Commerce and Logistics at MMC Norilsk Nickel, and member of the Board of Directors at Metal Trade Overseas Sa and Norilsk Nickel Marketing (Shanghai) Co., Ltd
2013–2014 Member of the Board of Directors, Chairman of the Board of Directors at Yenisey River Shipping Company and member of the Board of Directors at Norilsk Nickel (Asia) Ltd
2015–2018 Senior Vice President, Head of Sales, Commerce and Logistics at MMC Norilsk Nickel (Vice President until 2016)
2018–present Senior Vice President, Head of Sales, Procurement and Innovation at MMC Norilsk Nickel, member of the Board of Directors of the Continental Hockey League
Andrey BOUGROV
Senior Vice President
Born in: 1952
Nationality: Russia
Moscow State Institute of International Relations (MGIMO University), degree in International Economic Relations; PhD in Economics
2002–present Member of the non-governmental Council on Foreign and Defence Policy
2006–present Member of the Management Board of the Russian Union of Industrialists and Entrepreneurs (RSPP)
2013–present Vice President at Interros Holding Company LLC (Interros Holding Company CJSC until 2015)
2013–2015 Member of the Management Board, Deputy Chairman of the Board of Directors, Deputy CEO at MMC Norilsk Nickel
2013–present Vice President of the Russian Union of Industrialists and Entrepreneurs (RSPP)
2014–present Member of the Board of Directors at Inter RAO UES PJSC (Inter RAO UES OJSC until 2015)
2014–present Member of the Expert Committee of the Russian President’s Anticorruption Office
2015–present Member of the Management Board and Deputy Chairman of the Board of Directors at MMC Norilsk Nickel
2015–2016 Member of the Investment Committee at the Federal Hydro-Generating Company RusHydro
2015–present Senior Vice President at MMC Norilsk Nickel (Vice President until 2016)
2015–present Member of Non-Profit Partnership National Council on Corporate Governance
2016–present Member of the Expert Council on Corporate Governance at the Bank of Russia
2016–present Chairman of the Issuer Committee at the Moscow Exchange
2018–present Chairman of the Council of Non-Financial Reporting at RSPP
2018–present Member of the Expert Council on Corporate Governance at the Russian Ministry of Economic Development
2018–present Member of the Advisory Board of the RBTT
Larisa ZELKOVA
Senior Vice President
Born in: 1969
Nationality: Russia
Lomonosov Moscow State University, degree in Journalism
1999–2014 CEO of Vladimir Potanin Foundation, non-profit charitable organisation
2007–present Member of the Presidium of the MGIMO Endowment Fund
2009–present Member of the Board of Trustees at Pavlovsk Gymnasium Private Non-Profit School
2011–present Member of the Board of Directors at LLC Rosa Khutor Ski Resort Development Company, Chair of the Management Board at the State Hermitage Museum Endowment Fund
2011–2016 Member of the Supervisory Board at the Russian International Olympic University
2012–2018 Member of the Russian Presidential Council for Culture and Art
2013–2014 Member of the Board of Directors at Prof-Media Management LLC
2013–2015 Member of the Management Board and Deputy CEO for Social Policy and Public Relations at MMC Norilsk Nickel
2014–2018 President of Vladimir Potanin Foundation, non-profit charitable organisation
2014–present Chair of the Board at Vladimir Potanin Foundation (formerly, Vladimir Potanin Foundation, non-profit charitable organisation)
2015–present Member of the Board of Trustees at the Hermitage Foundation UK and member of the Board of Trustees at the Russian Federal Public Academy of Education
2015–present Senior Vice President for HR, Social Policy and Public Relations at MMC Norilsk Nickel (Vice President until 2016)
2016–present Member of the Board of Trustees at the Endowment Fund for Education, Science and Culture
2017–present Member of the Supervisory and Management Boards of the Norilsk Development Agency
Sergey MALYSHEV
Senior Vice President
Born in: 1969
Nationality: Russia
Finance Academy under the Government of the Russian Federation, degree in Finance and Credit
Institute of Advanced Training at Russian Presidential Academy of National Economy and Public Administration, degree in Public and Municipal Administration
A.N. Kosygin Russian State University, degree in Mechanical Engineering
2009–2013 Deputy CEO for Economics and Finance, First Deputy CEO at OJSC Energostroyinvest-Holding
2013–2015 Deputy CEO, Head of Economics and Finance at MMC Norilsk Nickel
2015–2016 Senior Vice President, Head of Economics and Finance at MMC Norilsk Nickel (Vice President until 2016)
2016–present Senior Vice President and CFO at MMC Norilsk Nickel
Alexander GRUBMAN
Senior Vice President
Born in: 1962
Nationality: Russia
Moscow State University of Food Production, degree in Mechanical Engineering
2010–2014 CEO of Severstal’s Russian Steel Division, Deputy CEO of OJSC Severstal
2014 First Deputy CEO of Chelyabinsk Pipe-Rolling Plant
2015–2017 CEO of OJSC Chelyabinsk Pipe-Rolling Plant (PJSC Chelyabinsk Pipe-Rolling Plant from 8 July 2016) and CEO of OJSC Pervouralsk New Pipe Plant (on a part-time basis)
2018–present Senior Vice President for Strategy and Business Development at MMC Norilsk Nickel
Vladislav GASUMYANOV
State Secretary – Vice President Senior Vice President since March 2019.
Born in: 1959
Nationality: Russia
Kiev Civil Aviation Engineering Institute
North-West Academy of Public Administration
2012–2015 Director of Corporate Security and Head of Security at MMC Norilsk Nickel
2014–2015 Member of the Management Board at MMC Norilsk Nickel
2014–2016 Member of the Board of Directors at OJSC Yenisey River Shipping Company
2015 Vice President, Director of Corporate Security and Head of Security at MMC Norilsk Nickel
2015–2018 Vice President and Head of Corporate Security at MMC Norilsk Nickel
2017–present Member of the Board of Directors of Dynamo Moscow Football Club
2017–present Head of the Department of Corporate Security at MGIMO's International Institute of Energy Policy and Diplomacy (MIEP MGIMO)
2017–present Member of the Board of Directors at Norilsk Nickel Africa (Pty) Ltd and Norilsk Nickel Mauritius, and also member of the Executive Committee at Nkomati
2018–present State Secretary – Vice President of Government Relations at MMC Norilsk Nickel
Elena KONDRATOVA
Vice President
Born in: 1972
Nationality: Russia
Moscow Pedagogical State University, degree in Psychology
2013–2015 Chief of Staff at MMC Norilsk Nickel, Advisor to the President of Interros Holding Company CJSC (on a part-time basis)
2014–present Member of the Management Board at MMC Norilsk Nickel
2015 Chief of Staff at MMC Norilsk Nickel
2015–present Vice President and Chief of Staff at MMC Norilsk Nickel, Advisor to the President of LLC Interros Holding Company (on a part-time basis)
Nina PLASTININA
Vice President
Born in: 1961
Nationality: Russia
Moscow Chemical Machinery Construction Institute, degree in Mechanical Engineering
Bauman Moscow Technical Institute, research degree in Economics and Production Management
2008–2013 Director of Financial Department at CJSC Interros Holding Company
2013–2015 Director of Internal Control Department at MMC Norilsk Nickel
2015–2016 Vice President for Internal Audit at MMC Norilsk Nickel
2016–present Vice President for Internal Controls and Risk Management at MMC Norilsk Nickel
Sergey DUBOVITSKY
Vice President
Born in: 1978
Nationality: Russia
Moscow State Institute of International Relations (MGIMO University), School of International Information
INSEAD Business School, Master of Business Administration
2005–2013 Strategy work within the Oil & Gas Practice, McKinsey & Co (global consultancy)
2013–2016 Head of Strategic Planning Department at MMC Norilsk Nickel
2016–present Vice President for Strategic Planning at MMC Norilsk Nickel
Pavel PLATOV
Corporate Secretary
Born in: 1975
Nationality: Russia
Dobrolyubov Linguistics University of Nizhny Novgorod
Russian Presidential Academy of National Economy and Public Administration
2017–present Corporate Secretary at PJSC MMC Norilsk Nickel (2011–2017: Company Secretary)
Management Board members’ holdings and transactions in the Company’s shares
As at 31 December 2018, the members of the Management Board have no holdings in the Company’s ordinary shares and/or ADRs and did not enter into any relevant sale and purchase transactions in 2018.
Corporate Secretary
The mission of the Corporate Secretary is to ensure compliance with the procedures for the protection of shareholders’ rights and legitimate interests, as prescribed by the applicable laws and the Company’s by-laws, and to monitor such compliance.
Pursuant to the Charter, the Corporate Secretary is appointed by the Board of Directors for a three-year term. The Board of Directors may terminate the powers of the Corporate Secretary prior to their expiration.
In accordance with the Regulation on the Corporate Secretary of PJSC MMC Norilsk Nickel approved by the Board of Directors on 20 April 2015, the Company’s Corporate Secretary has an administrative reporting line to the President and is accountable to the Board of Directors.
At this time, the Corporate Secretary is Mr. Pavel Platov. In the reporting year, Pavel Platov's appointment was extended by resolution of the Board of Directors.
As at 31 December 2018, the Corporate Secretary has no holdings in the Company’s ordinary shares and did not enter into any relevant sale and purchase transactions in 2018.
The Corporate Secretary is responsible for:
- preparation and running of the General Meeting of Shareholders;
- making arrangements for and running meetings of the Board of Directors and its committees;
- contributing to the improvement of the Company's corporate governance framework and practices;
- managing the operations of the Secretariat;
- other functions as per the Company's by-laws.