Press releases

Moscow, 15 February 2019 – RUSAL (SEHK: 486, Moscow Exchange: RUAL), a leading global aluminium producer, announces change in Board of Directors.

Sergei Popov has tendered his resignation as an executive director with effect from 14 February 2019 due to the election to the legislature of one of Russian regions.

The Company further announces that Evgeny Kuryanov has been appointed as an Executive Director of the Company and Maxim Poletaev, Randolph N. Reynolds, Kevin Parker, Christopher Burnham and Nick Jordan have been appointed as independent non-Executive Directors of the Company with effect from 14 February 2019.

Randolph N. Reynolds has also been appointed as a member of the Corporate Governance & Nomination Committee, while Nick Jordan has also been appointed as a member of the Remuneration Committee of the Company with effect from 14 February 2019.

The new Board of Directors will take any necessary actions, above and beyond what OFAC has mandated for the company, to demonstrate the Board’s absolute commitment to transparency, accountability and good corporate governance.

Particulars of each of the above new directors of the Company are set out below:

Mr. Evgeny Kuryanov, aged 38 (executive director)
From December 2015 to August 2016, Mr. Kuryanov was the general director of Shelekhov branch of RUSAL Bratsk. Since September 2016 has served as the managing director of RUSAL Krasnoyarsk.

Mr. Maxim Poletaev, aged 47 (independent non-executive director)
From 2009 to 2013, Mr. Poletaev was the member and the first deputy chairman of the executive board of PJSC Sberbank. Since 2018, he has served as adviser to the chairman of the executive board of PJSC Sberbank.

Mr. Randolph N. Reynolds, aged 77 (independent non-executive director)
Mr. Reynolds is a Co-founder and Principal of Reynolds Development. Mr. Reynolds currently serves as a Trustee of the Richard S. Reynolds Foundation and as its vice president/treasurer. Mr. Reynolds is a board member of First Union Bank, Ma’aden Aluminium Company, Novolipetsk Steel (NLMK).

Mr. Kevin Parker, aged 59 (independent non-executive director)
Mr. Parker has over 35 years of investment experience. Mr. Parker is the managing partner of Sustainable Insight Capital Management, the New York based global asset-management firm that launched in 2013. Before that, Mr. Parker was a member of the management board of Deutsche Bank for 10 years and the former global head of Deutsche Asset Management from 2004 - 2012. In addition, he serves on the executive committee of the New York Police & Fire Widows’ & Children’s Benefit Fund and is an advisory board member of the New York Metropolitan Opera.

Mr. Nick Jordan, aged 59 (independent non-executive director)
Mr. Jordan has more than 30 years’ experience in senior positions in leading global financial institutions. He was executive chairman of Big Un Limited from May 28, 2018 until October 2018 and served as its non-executive chairman since March 22, 2018 until May 28, 2018. Previously he served as chairman of supervisory board at 4finance Group S.A. (part of the Finstar Group). Earlier he was the co-chief executive officer of Goldman Russia at Goldman Sachs until 2015. Prior to this, he served as the chief executive officer of Russia & the Commonwealth of Independent States at UBS Group AG from June 2010. Mr. Jordan has served as a member of the board of director of En+ since 28 January 2019 as an independent director.

Mr. Christopher Burnham, aged 62 (independent non-executive director)
Mr. Burnham is a globally recognized expert in the implementation of accountability and transparency, and the implementation of best practice in government, corporations, and inter-governmental organizations, having served as Under Secretary General for Management of the United Nations, Under Secretary of State for Management (acting), and Assistant Secretary of State for Resource Management and Chief Financial Officer of the U.S. Department of State. Since 2013, Mr. Burnham has served as chairman and chief executive officer of Cambridge Global Capital. Mr.Burnham is the former vice chairman and managing director of Deutsche Asset Management where he co-founded and led Deutsche Bank’s direct private equity group, RREEF Capital Partners, the bank’s reentry into private equity after an eight-year absence. He is also an Assistant Secretary of State for Resource Management and Chief Financial Officer of the U.S. Department of State.

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