Governance

Andrey Varichev

Executive Director and CEO, Management Company METALLOINVEST LLC

Education:

1991 — Graduated from the aviation and mechanical faculty of Moscow Institute of Aviation Technology named after K.E. Tsiolkovsky (MATI) as aircraft mechanical engineer.

Professional experience:

Since Oct. 2013

CEO of METALLOINVEST Management Company.

06.2009 — 06.2014

CEO of METALLOINVEST Holding Company JSC.

Feb. — June 2009

CEO of METALLOINVEST Management Company.

2006 — 2008

Commercial Director of METALLOINVEST Management Company.

2005 — 2006

CEO of Mikhailovsky GOK.

2003 — 2005

First Deputy Sales Director of Ural Steel LLC; from 2004 – Deputy General Director of Ural Steel LLC for commercial matters.

2001 — 2003

Deputy Director and afterwards Export Sales Director at TD NOSTA-OKhMK LLC

1992 — 2001

Held senior positions at a number of Russian iron and steel companies, including ZAO InterUral and NTMK JSC.

1991 — 1992

Industrial engineer at Energia experimental machine-building plant.

Andrey Ugarov

First Deputy CEO, COO Management Company METALLOINVEST LLC

Education:

1983 — Graduated from Lipetsk State Technical University/ Lipetsk Polytechnic Institute. Honorable Metallurgist of the Russian Federation.

Professional experience:

Since Dec. 2013

First Deputy CEO, COO, Management Company METALLOINVEST LLC.

2011 — 2012

First Deputy CEO, COO, Management Company METALLOINVEST LLC.

2004 — 2011

Managing Director, OEMK.

2002 — 2004

Executive Director, OEMK.

1999 — 2002

Deputy CEO, Commercial Director, OEMK.

1983 — 1997

Worked at Novolipetsk Steel Company (NLMK), starting as a roller at the rolling workshop and progressing to Head of the Flat Rolling Plant.

Nazim Efendiev

First Deputy CEO, Sales Director Management Company METALLOINVEST LLC

Since March 2012

First Deputy CEO, Sales Director of LLC Management Company "METALLOINVEST" .

2011 — 2012

Deputy CEO, Government Relations Director of LLC Management Company "METALLOINVEST".

2010 — 2011

Managing director of JSC "Ural Steel".

2009

Chairman of the board of directors of JSC "Machine-building corporation "Uralmash".

2007 — 2009

CEO of JSC "Machine-building Corporation "Uralmash".

2007

CEO of JSC "Uralmashzavod".

2006 — 2007

Executive director of Management Company "METALLOINVEST".

2004 — 2006

CEO of JSC "Ural Steel".

2002 — 2004

Marketing director of the JSC "NOSTA" (JSC "Ural Steel").

Since 1996

Worked in the company "Siberian Aluminium" as the deputy commercial director of the Sayan aluminum plant, the director of the Trading house of Samara metallurgical plant, chief of the rolling division of the company "Russian Aluminium".

Ruslan Ilyasov

Deputy CEO for Organisational Development and Human Resources, Management Company Metalloinvest

Education:

1984 – Graduated from the Military Institute of the Ministry of Defence as an interpreting consultant

1997 – Received an MBA from the Weatherhead School of Management at Western Reserve University (Cleveland, USA) in International Business

Professional experience:

Since May 2017

Deputy CEO for Organisational Development and Human Resources, Management Company Metalloinvest

January 2015 - May 2017

Director of Human Resources, member of the management board, Uralkali

2012 - 2014

CEO, Zole (operating the Primorosso, Spartak and Vata retail chains)

2008 - 2012

Vice-President for Human Resources, El Dorado

2005 - 2008

Director of Human Resources, Alcoa (Russia)

2003 - 2005

Director of Human Resources, Alfa-Bank

2000 - 2003

Vice-President for Human Resources and Administration, SUN Interbrew

1999 - 2000

Director of Human Resources, Yukos RM

1992 - 1999

Held various management positions at The Coca-Cola Company in Russia, the CIS, the USA and Finland

1979 - 1991

Served in the military

Yulia Shabala

Deputy CEO, Holding Company METALLOINVEST

Education:

2002 – Graduated with distinction from the law faculty of Lomonosov Moscow State University.

Since 2011

Deputy CEO, Holding Company METALLOINVEST
Deputy CEO, Legal Affairs, Baikal Mining Company LLC

2009 – 2011

Administrative Head of the State Duma Committee for Natural Resources, Environmental Management and Ecology

2007 – 2009

Deputy Director of the Department of State Policy for Environmental Protection of the Ministry of Natural Resources of the Russian Federation

2004 – 2007

Deputy Head of the Department of Nature Reserves, Ecological Expertise and Licensing Activity of Rosprirodnadzor

2002 – 2004

Leading Specialist, Consultant and Deputy Head of the Expert Review Panel of the Ministry of Natural Resources of the Russian Federation

Alisher Usmanov

Founder

Founder of USM Holdings, a diversified international company. The Group’s assets include major industry players, such as Metalloinvest, a leading global supplier of metals and mining products and hot briquetted iron; MegaFon, one of the largest mobile operators in Russia and a pioneer in 4G/LTE services; Mail. Ru Group, the Russian-language internet market leader; as well as the fast-growing UTH Russia, which comprises Disney Russia, MUZ-TV and U television channels. Mr. Usmanov owns Russia’s leading business media group Kommersant Holding and more than 30% of Arsenal, an English football club. In addition, he is the founder of the Arts, Science and Sports Charity Foundation.

Detail

Dmitry Babenko

Director of Legal Affairs, Management Company METALLOINVEST

Education:

1993 – Graduated from the Moscow Mining Institute with a degree in Economics and Business Administration in Mining and Geological Exploration.

1998 – Graduated from the Moscow State Academy of Law with a degree in Legal Studies.

Professional experience:

Since February 2016

Director of Legal Affairs, Management Company METALLOINVEST

2007 – 2016

Worked in various management positions in the legal department of Management Company METALLOINVEST

1993 – 2007

Worked in various positions in the legal department of Lebedinsky GOK (part of Metalloinvest)

Alexey Voronov

Finance Director at Management Company METALLOINVEST LLC

Education:

1998 — Graduated with distinction in international economic relations from the Moscow State Institute of International Relations (MGIMO).

Professional Experience:

Since Oct. 2016

Finance Director at Management Company METALLOINVEST LLC.

2015 — 2016

Director of Treasury at Management Company METALLOINVEST LLC.

2007 — 2015

Vice President for Corporate Finance and Treasury at LLC Integra Management (Management Company of INTEGRA GROUP).

2001 — 2007

Held various executive positions at NOVIKOMBANK, including Deputy CEO, Member of the Executive Board in 2006-2007.

1997 — 2001

Worked in various positions at JSCB Evrofinance (subsequently EVROFINANCE MOSNARBANK).

Yuriy Gavrilov

Strategy, Development and Transformation Director

Education:

1994 — Graduated in Aeromechanics and Aerospace Technology from the Moscow Institute of Physics and Technology.

1999 — Obtained a Master’s degree in Finance from the Institute of Business and Economics of the Academy of National Economy.

1999 — Received an MBA in Finance from the California University Business School.

Professional experience:

Since May 2014

Strategy, Development and Transformation Director

2012 — 2014

CEO of the CIS division of Tenova Bateman.

2007 — 2012

CEO of the Russian division Bateman Engineering Russia B.V. Managing Director of the international division of Bateman Engineering CIS.

1994 — 2007

Worked in various positions in the Russian division of Bateman.

Natalya Gryzanova

Investment Director, Management Company METALLOINVEST LLC

Education:

1994 – Graduated from Plekhanov Russian University of Economics

Professional experience:

Since 2014

Investment Director at Management Company METALLOINVEST LLC

2013 – 2014

Director of Investment Planning and Control at Management Company METALLOINVEST LLC

2011 – 2013

Finance Director at Baikal Mining Company LLC

2009 – 2011

Head of Management Control at Rusagro Group LLC

1998 – 2009

Worked at Severstal Resources CJSC and Unimilk LLC, as well as the head office of the Central Bank of Russia in Moscow

Ivan Streshinsky

Chairman of the Board of Directors

Education:

1992 — Graduated with honors from the Moscow Institute of Physics and Technology, faculty of aeromechanics and flying engineering.

Professional experience:

Currently serves as:
• Member of the Board of Directors of METALLOINVEST MC LLC (Chairman);
• Member of the Board of Directors of "Kommersant" JSC (Chairman);
• Member of the Board of Directors of Holding Company USM LLC;
• Member of the Board of Directors of "Center for Advanced Technology Developmnet" LLC;
• Member of the Board of Directors of CITY JSC.

12.2019 — present

CEO of Holding Company USM LLC.

2012 — 12.2019

CEO of USM Management LLC.

2008 — 2012

CEO of Telecominvest JSC.

2006 — 2008

Member of the Board of Directors of Gazmetall JSC and METALLOINVEST, worked on the consolidation of METALLOINVEST Holding’s assets.

2006 — 2007

CEO of Gazmetall JSC.

1994 — 2006

A number of senior managerial positions at COALCO Group.

1993 — 1994

Member of the Board of Directors of Perm Motors.

Evgeny Maslov

Managing Director Ural Steel

Education:

2002 — Graduated from Cherepovets State University with a degree in Ferrous Metals Metallurgy.

Professional experience:

Since April 2014

Managing Director of Ural Steel.

2007 — 2014

Worked at Ural Steel in the roles of Deputy Chief Engineer for Coke Oven and Blast Furnace Production, Head of Steelmaking and Chief Engineer.

1987 — 2007

Worked at Cherepovets Steel Mill (Severstal). Worked his way up from Furnace Assistant to Head of the Furnace Division at the electric arc furnace workshop.

Maria Kovalenko

Procurement Director, Management Company METALLOINVEST LLC

Education:

Graduated with honours from the chemistry faculty of Lomonosov Moscow State University in 1998.

Obtained a degree in business management from the State University of Management in 2006.

Other certificates – CIMA Dip MA, CIMA Dip PM (Rus)

Professional experience:

From August 2015

Procurement Director, Management Company METALLOINVEST LLC

2013 — 08.2015

Deputy CEO for Operations of LLK-INTERNATIONAL LLC (part of LUKOIL Group)

2007 — 2013

General Director of NLMK Trading House LLC

2002 — 2007

Procurement department of NLMK Group

Julia Mazanova

Social Policy and Corporate Communications Director Management Company METALLOINVEST LLC

Education:

1990 — Graduated from Moscow Institute of Chemical Engineering.

2006 — Obtained an MBA degree in political and business communications from Institute of Communication Management (High School of Economics).

Professional experience:

Since Sep. 2010

METALLOINVEST Management Company LLC, Social Policy and Corporate Communications Director.

2005 — 2010

METALLOINVEST Management Company LLC, Corporate Communications Director.

1997 — 2005

EASTLINE Group Management Company, Head of Public Affairs Department.

1995 — 1997

Electronic—Design, Head of Advertising and Communication Department.

1993 — 1995

Head of Advertising Department in VICO Company.

Oleg Mikhailov

Managing Director Lebedinsky GOK

Education:

1986 – Graduated from the G.V. Plekhanov Leningrad Mining Institute.

Professional experience:

Since 2011

Managing Director of Lebedinsky GOK.

2010 — 2011

Chief Engineer at Lebedinsky GOK.

2009 — 2010

Deputy General Director for business development at the Gagarin Komsomolsk-on-Amur Aviation Production Association.

2006 — 2007

Deputy Chief Engineer at Lebedinsky GOK.

2006

Deputy Chief Engineer for business development at Granit Kuznechnoe.

2005

Head of Severstal Resources affiliate.

1993 — 2005

Worked at Karelian Pellet. Worked his way up from Assistant Excavator Operator to Managing Director.

1986 — 1993

Mining Foreman, then Head of the Kadamdzhai mine section.

Elena Shakhova

Chief Accountant, Management Company Metalloinvest

Education:

1988 — Graduated from the Bauman Moscow State Technical University

1998 — Graduated from the economics faculty of the All-Russian State Distance Learning Institute of Finance and Economics

Professional experience:

Since July 2006

Chief Accountant, Management Company Metalloinvest

2004 — 2006

Chief Accountant, Agro-Capital

2003 — 2004

Held various management positions at National Standard Bank

2002 — 2003

CFO, Lensmaster

1994 — 2002

Held positions from Economist to Deputy Chief Accountant at Rossiysky Capital

Shishkovets Sergey

Managing Director OEMK

Education:

1983 – graduated from National University of Science and Technology MISiS with a degree in pressure treatment for metals.

2019 – present

Managing Director at OEMK

2018 – 2019

Chief Engineer at OEMK

2012 – 2018

Chief Operating Officer at OEMK

2010 – 2012

Deputy Chief Engineer for metal rolling at OEMK

2006 – 2010

Managing Director, Ural Steel, Leader of the Steelmaking Division Project, Management Company Metalloinvest

1983 – 2006

Worked at OEMK from Foreman to Head of Rolling Unit #2

Anton Zakharov

Managing Director Mikhailovsky GOK
Director of Economics, Management Company METALLOINVEST LLC

Education:

2003 – graduated from Orenburg State University with a degree in Economics and Management
2006 – graduated from Moscow Law Academy with a degree in Law

Further education:

2016 – received an MBA degree at the Higher School of Finance and Management RANEPA under the President of the Russian Federation, specialising in Finance
Has a certification
CIMA Diploma in Management Accounting (CIMA Dip MA)
CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA)

03.2020 – present

Managing director Mikhailovsky GOK

11.2019 – present

Director of Economics, Management Company METALLOINVEST LLC

04.2019 – present

Member of the Board of Directors of South Ural Mining and Processing Company

02.2019 – 11.2019

Deputy Director of Economics, Metalloinvest

2010 – 2016

held various positions at Metalloinvest

Galina Aglyamova

Independent non-executive director

Education:

1985 — Graduated from the Moscow Institute of Steel and Alloys (MISiS) with a PhD in Economics.

Professional experience:

2006 — 2012

Vice President, Finance, OJSC NLMK.

2005 — 2006

Deputy General Director for Economics and Finance, NLMK.

2000 — 2005

Director for Economics and Finance, NLMK.

1997 — 2000

Deputy Director for Economics, NLMK.

Uluç Ergin

Non-Executive Director

Education:

1994 – received his diploma in civil engineering with honors from Middle East Technical University (Ankara, Turkey)

1995 – received his master's degree in construction management with honors from Illinois Institute of Technology (Chicago, USA)

2000 – obtained his postmaster's certificate in global finance from Dowling College (NY, USA)

Professional experience:

Mr Ergin currently undertakes the following roles:
• Member of the Board of Directors, Management Company Metalloinvest LLC
• Member of the Board of Directors of Baikal Maining Company LLC

Since Nov. 2019 – present

Deputy CEO at USM Management

2015 – Oct. 2019

Deputy CEO at USM Development

2012 – 2014

Deputy CEO at National Development Company, part of Absolute Investment Group

2009 – 2011

Deputy CEO at Vedis Development

2007 – 2008

Managing Director at Sintez Development

2004 – 2007

Deputy CEO at Coalco Development

2001 – 2004

CEO at Renaissance Construction

1999 – 2001

Managed various projects at Iktisat Real Estate

1996 – 1999

Worked at various positions at Enka Construction and Enka Invest

Valery Kazikaev

Independent non-executive director

Education:

1976 — Graduated from the Moscow Mining Institute with a PhD in Economics.

Professional experience:

Since Dec. 2015

CEO of JSC Holding Company BMC.

Since June 2015

Member of the Board of Directors of Hamriyah Steel FZC.

Since April 2014

Chairman of the Board of Directors of Baikal Mining Company LLC.

Since October 2013

Member of the Board of Directors of METALLOINVEST Management Company LLC.

2010 — 2013

First Deputy General Director for Strategic Development, OJSC Sheremetyevo International Airport.

2001 — 2010

General Director, CJSC TZK-Sheremetyevo.

Gleb Kostikov

Non-Executive Director

Education:

1995 — Graduated in international economic relations from the Moscow State Institute of International Relations (MGIMO)

Professional experience:

Currently serves as:
• Member of the Board of Directors of METALLOINVEST MC LLC;
• Member of the Board of Directors of BGC LLC;
• Member of the Board of Directors of Holding Company USM LLC (Executive Director).

06.2018 – present

CEO of USM Telecom LLC.

04.2018 – 12.2019

CEO of Holding Company USM LLC

09.2017 – 12.2019

Executive Director of USM Management LLC

2013 – 2017

CEO of Oren-Oil LLC

2008 – 2013

CEO of Sladkovsko-Zarechnoe LLC

2002 – 2008

CEO of Industrial Investment Company Prominkor CJSC

1997 – 2002

Served in management positions in Russian oil companies

1995 – 1997

Worked in the audit department of Deloitte & Touche CIS

Vakhtang Kocharov

Vice Chairman of the Board of Directors, Executive Director

Education:

2004 – graduated from Moscow State Institute of International Relations with a degree in International Business and Business Administration

Professional experience:

Mr Kocharov currently undertakes the following roles:
• Member of the Board of Directors, Management Company Metalloinvest
• Member of the Board of Directors, Metalloinvest Trading AG (Chairman)
• Member of the Board of Directors, International Iron Metallics Association (IIMA)

2016 – present

Chief Executive Officer, Metalloinvest Logistics AG

2015 – present

Chief Executive Officer, Metalloinvest Trading AG

2012 – present

Director, Metalloinvest Logistics DWC LLC

2008 – present

Senior Trader, Metalloinvest Trading AG

2012 – 2019

Vice Chairman of the Board of Directors, Metalloinvest Trading AG

2004 – 2007

Began his career in the Metalloinvest Group export service

Irina Lupicheva

Non-Executive Director

Education:

Graduated from the Moscow State Institute of International Relations majoring in International Economics and holds a post-graduate degree from the Moscow Finance Academy.

Professional experience:

Since May 2012

Managing Director, Head of Risk and Control Directorate at AF Holding LLC (which was renamed into USM Advisors LLC in June 2012).

2004 — 2012

A number of senior managerial positions in companies, which were later consolidated into USM Holdings, and supervised the finance and internal audit spheres, as well as securities transactions. Participated in creation of USM Holdings.

1992 — 2004

A number of senior managerial positions at MBG’s companies and MBGroup Impex.

Pavel Mitrofanov

Non-executive Director

Education:

2001 — Graduated from the Faculty of Economics, Moscow State University.

2002 — Obtained a Masters degree in Financial Accounting, Analysis & Auditing.

2004 — Obtained an MBA degree from Imperial College Business School.

2015 — Completed a General Management Programme at Harvard Business School (HBS)

Professional experience:

Currently serves as:
• Member of the Board of Directors of METALLOINVEST MC LLC;
• Member of the Board of Directors of Metalloinvest Trading AG;
• Member of the Board of Directors of Holding Company USM LLC;
• Member of the Board of Directors of Hamriyah Steel FZC;
• Member of the Board of Directors of BGC LLC.

01.2020 – present

Deputy CEO of Holding Company USM LLC. Head of the Directorate for projects in the industrial sector.

10.2017 – 12.2019

Deputy CEO of USM Management; Head of project management directorate.

06.2016 – 10.2017

First Deputy CEO of USM Management; Head of project management directorate;

2010 – 2016

Deputy CEO, Chief Financial Officer, Management Company METALLOINVEST LLC.

2009 – 2010

Investment and Strategy Director, Management Company METALLOINVEST LLC.

2008 – 2009

Deputy CEO for Strategic Development, Holding Company METALLOINVEST OJSC.

2004

Various positions within Metalloinvest Group.

2002 — 2003

Audit Assistant, FBK (Russian arm of PKF International).

Dmitry Tarasov

Independent Director

Education:

1985 — Graduated with a degree in Engineering Metallurgy from the Faculty of Non-Ferrous Metallurgy, Rare Metals and Alloys from the Moscow Institute of Steel and Alloys (MISIS).

1990 — PhD in Technical Sciences with specialisation in Ore Processing and Rare and Precious Metals Deposits Development from MISIS.

Professional experience:

Since 2016

Executive Director of CSM METALLOINVEST LLC

Since 2014

Member of the Board of Baikal Maining Company LLC

2005 — 2016

Deputy Director, Executive Director of METALLOINVEST LLC

2007 — 2016

Director of Ukrainian Metallurgical Ore Company.

2011 — 2014

Member of the Board of Directors of Mikhailovsky GOK.

2002 — 2007

Member of the Expert Committee for Metals and Mining of the State Duma of the Russian Federation; Member of the Coordination Committee for the Metals and Mining Sector of the Administration of the President of the Russian Federation; Deputy Chairman of the Committee for Metallurgy of the Commercial and Industrial Chamber of the Russian Federation; Member of the Management Board of the Union of Metal Product Exporters of the Russian Federation.

2002 — 2005

Deputy Director for Strategy and Future Development at Gazmetall.

2001 — 2002

Deputy Director of the Agency for Foreign Investment of the Administrative Department of the President of the Russian Federation.

1999 — 2001

Advisor to the Director of the State Fund for Precious Metals and Stones of the Russian Federation (Deputy Director) (Russian State Repository of Precious Metals).

1992 - 1999

Vice President of Investments and Major Construction Works at MISIS.

1985 - 1992

Worked in various positions at the gold-mining units of the Main Directorate of the Diamond and Gold Mining Industry in the USSR Diamond and Gold Council of Ministers. He worked his way up from Project Engineer to Chief Engineer and Project Manager.