President and Management Board
The President and the Management Board are Nornickel’s executive bodies in charge of day-to-day operations. They ensure:
- compliance with resolutions of the Board of Directors and the General Meeting of Shareholders
- implementation of Nornickel’s key plans and programmes
- continuous operation of an effective risk management and internal control framework.
President
The President is Nornickel’s sole executive body in charge of day-to-day operations. The President is elected by the General Meeting of Shareholders for an indefinite term and acts as Chairman of the Management Board.
The President reports to the Board of Directors and the General Meeting of Shareholders. Since 2015, this position has been held by Vladimir Potanin (Nornickel’s CEO in
Management Board
The Management Board is a collective executive body in charge of Nornickel’s day-to-day operations within its scope of authority as set out in the Articles of Association; it ensures the implementation of resolutions passed by the General Meeting of Shareholders and the Board of Directors.
Members of the Management Board are elected by the Board of Directors for an indefinite term. The Board of Directors may at any time terminate the office of any member of the Management Board.
The Management Board had 10 members at the start of 2021, according to the composition approved by the Board of Directors on 13 August 2020. During the reporting year, the composition of the Company’s Management Board changed three times:
- On 2 March 2021, the Board of Directors resolved to terminate the office and employment contract of Sergey Dyachenko due to his transfer to another job, and to establish a nine-member Management Board as from 3 March 2021
- On 16 June 2021, the Board of Directors resolved to elect Sergey Stepanov and Evgeny Fedorov to the Management Board effective 17 June 2021, and to establish an 11-member Management Board
- On 28 October 2021, the Board of Directors resolved to terminate the office and employment contract of Sergey Barbashev, effective 29 October 2021, due to his transfer to another job, and to establish a 10-member Management Board effective 30 October 2021
In 2021, the Management Board held 23 meetings, including 22 in absentia and 1 in the form of joint attendance.
Throughout 2021, the Management Board decided to set up an Energy Division and an Investment Sub-Committee for Corporate Services, approved a proposal to amend the Company’s Articles of Association, passed resolutions regarding branch directors, reviewed the Company’s capital-raising and guarantee transactions, took note of the Company’s Risk Appetite Statement for 2021, approved the Environmental and Climate Change Strategy and the 2021 action plan to implement it, the scope of self-evaluation of the internal control system, and the metrics of the Long-Term Remuneration Programme for Key Employees for
| Name | Tenure on the Management Board | Meetings attended / total number of meetings |
|---|---|---|
| Vladimir Potanin | 9 | 23/23 |
| Sergey | 3 | 19/23 |
| Andrei Bougrov | 9 | 23/23 |
| Sergey | 1 | 14/23 |
| Evgeny | 1 | 14/23 |
| Sergey Dubovitsky | 3 | 23/23 |
| Sergey | 8 | 3/23 |
| Marianna Zakharova | 6 | 23/23 |
| Larisa Zelkova | 9 | 23/23 |
| Elena Savitskaya | 8 | 23/23 |
| Sergey Malyshev | 8 | 23/23 |
| Nina Plastinina | 8 | 23/23 |
Biographical details of members of the Management BoardPositions are indicated as at the end of 2020.
For more detailed biographies of members of the Management Board, please see the website. Biographical details of previous members of the Management Board are available in the 2020 Annual Report.
In the reporting year, Sergey Stepanov held shares in MMC Norilsk Nickel, representing 0.001599% of the authorized capital.
Vladimir Potanin
Chairman of the Management Board since 2012
President of the Company since 2015 (CEO in 2012–2015)
Born in: 1961
Nationality: Russian Federation
Education
Degree in International Economics, Moscow State Institute of International Relations (MGIMO University)
Experience in the last five years
since 2021: member of the Board of Trustees of the Football Union of Russia
since 2020: Chairman of the Board of Trustees of the Vladimir Potanin Foundation; member of the Board of Trustees of the ROZA Club for Sport Development and Support
since 2018: member of the Board of Trustees of the Russian—American Council for Business Cooperation trade association; member of the Board of Trustees of the Fund for the Conservation and Development of the Solovetsky Archipelago
since 2017: Chairman of the Supervisory Board of the Norilsk Development Agency
since 2016: member of the Board of the Endowment Fund for Education and Culture, Chairman of the Board of Trustees of the Night Hockey League non-profit amateur hockey foundation
since 2013: President of Interros Holding Company
2014–2019: Chairman of the Board of Trustees of the ROZA Club for Sport Development and Support
since 2012: positions at Nornickel: CEO (2012–2015), President (2015—present), Chairman of the Management Board (2012—present)
since 2011: member of the Board of Trustees of the State Hermitage Museum Endowment Fund non-profit organisation and the Moscow Church Construction Foundation
since 2010: member of the Board of Trustees of the Russian Geographical Society all-Russian non-governmental organisation
since 2009: Deputy Chairman of the Board of Trustees of the Russian International Olympic University
2008–2020: member of the Board of the Vladimir Potanin Foundation
since 2007: member of the Board of Trustees of Saint Petersburg State University, Deputy Chairman of the Board of Trustees of MGIMO Endowment Fund
since 2006: Deputy Chairman of the Board of Trustees of MGIMO Endowment Fund, member of the Board of Trustees and member of the Management Board of the Graduate School of Management at Saint Petersburg State University, member of the Bureau of the Board of the Russian Union of industrialists and Entrepreneurs (RSPP)
since 2005: member of the Board of Trustees, member of the Board of the Russian Olympians Foundation non-profit charitable organisation
since 2004: Chairman, member of the Presidium of the National Council on Corporate Governance non-profit partnership
since 2003: Chairman of the Board of Trustees of the State Hermitage Museum
since 2001: member of the Board of Trustees of the Solomon R. Guggenheim Foundation (New York)
since 2000: member of the Bureau of the Board and member of the Management Board of the RSPP
since 1995: member of the Presidium of the international Foundation for the Unity of Orthodox Christian Nations
Andrei Bougrov
Member of the Management Board since 2013
Senior Vice President for Sustainable Development since 2020
Born in: 1952
Nationality: Russian Federation
Education
Degree in International Economic Relations, economist for foreign trade. PhD in Economics, Moscow State Institute of International Relations (MGIMO)
Experience in the last five years
since 2021: member of the RSPP Coordination Council on Sustainable Development, member of the International Advisory Panel of the Asian Infrastructure Investment Bank (AIIB)
since 2020: member of the RSPP Climate Policy and Carbon Regulation Committee
since 2018: member of the Advisory Council of the Russo-British Chamber of Commerce (RBCC) and Chairman of the RSPP Council on Non-Financial Reporting
since 2016: Chairman of the Share Issuers Committee of Moscow Exchange
since 2015: member of the National Council on Corporate Governance non-profit partnership
since 2013: Vice President of the RSPP and LLC Interros Holding Company (until 7 April 2015 — CJSC Interros Holding Company)
since 2006: member of the Management Board of the RSPP
since 2002: member of the Council on Foreign and Defence Policy non-governmental association
since 2002: positions at Nornickel — member of the Board of Directors, Chairman of the Board of Directors (2010–2022), Deputy Chairman of the Board of Directors (2013–2020), Senior Vice President (since 2016)
Sergey Dubovitsky
Member of the Management Board since 2018
Senior Vice President — Head of Strategy and Strategic Projects, Logistics and Procurement since 2020
Born in: 1978
Nationality: Russian Federation
Education
Public Relations Specialist with Foreign Language Skills, Moscow State Institute of International Relations (MGIMO)
Experience in the last five years
since 2021: member of the boards of directors of MPI Nickel Pty Ltd, Norilsk Nickel Africa Pty Ltd and Norilsk Nickel Mauritius, member of the Executive Committee of Nkomati
2019–2020: Vice President — Head of Strategy and Strategic Projects at MMC Norilsk Nickel
2016–2019: Vice President for Strategic Planning at MMC Norilsk Nickel
Marianna Zakharova
Member of the Management Board since 2016
Member of the Board of Directors since 2010
First Vice
Born in: 1976
Nationality: Russian Federation
Education
Peoples’ Friendship University of Russia (RUDN University)
Experience in the last five years
since 2020: member of the Board of Trustees of the Vladimir Potanin Foundation
Larisa Zelkova
Member of the Management Board since 2013
Senior Vice
Born in: 1969
Nationality: Russian Federation
Education
Journalist, Literature Editor at a Newspaper, Lomonosov Moscow State University, 1991
Experience in the last five years
since 2020: Chairwoman of the management boards of the Second School centre for community initiatives in the Pechenegsky District and the Monchegorsk Development Agency
since 2019: member of the councils of the endowment funds for the replenishment of the Tretyakov Gallery’s collection and development of its small museums at the State Tretyakov Gallery Foundation
since 2017: Chairwoman of the Management Board and member of the Supervisory Board of the Norilsk Development Agency autonomous non-profit organisation
2016–2021: Chairwoman of the Board of Trustees of the Endowment Fund for Education and Culture
since 2015: member of the Board of Trustees of the Russian Academy of Education, member of the Board of Trustees of the Hermitage Foundation UK
since 2014: Cairwoman of the Board of the Vladimir Potanin Foundation
2014–2018: President of the Vladimir Potanin Foundation
2012–2018: member of the Russian Presidential Council for Culture and Art
2011–2020: member of the Board of Directors of Rosa Khutor Ski Resort Development
since 2011: Chairwoman of the Management Board of the State Hermitage Museum Endowment Fund
since 2009: member of the Board of Trustees of the Pavlovsk Gymnasium private autonomous non-profit organisation
since 2007: member of the Presidium of MGIMO Endowment Fund
Sergey Malyshev
Member of the Management Board since 2013
Senior Vice
Born in: 1969
Nationality: Russian Federation
Education
Mechanical Engineer, degree in Machines and Devices for the Textile and Light Industries, the Kosygin State University of Russia
Economist, degree in Public and Municipal Administration, Institute of Advanced Training at the Russian Presidential Academy of National Economy and Public Administration
Finance Academy under the Government of the Russian Federation, Public and Municipal Administration retraining programme, with the State Attestation Commission certifying the right (compliance with qualification requirements) to carry out professional activities related to public and municipal administration
Experience in the last five years
since 2016: Senior Vice
Nina Plastinina
Member of the Management Board since 2013
Vice
Born in: 1961
Nationality: Russian Federation
Education
Mechanical Engineer, degree in Chemical Machine and Fixture Building, Moscow Chemical Machine Building Institute
Post-graduate degree in Economics and Production Management, Bauman Moscow State Technical University
Experience in the last five years
since 2013: at Nornickel — Member of the Management Board, Director of the Internal Control Department (2013–2015), Vice President — Head of Internal Audit (2015–2016), Vice President — Head of Internal Control and Risk Management (2016—present)
Elena Savitskaya
Member of the Management Board since 2014
Vice
Born in: 1972
Nationality: Russian Federation
Education
Psychologist, Psychology Teacher, degree in Psychology, Moscow Pedagogical State University
Experience in the last five years
since 2015: Advisor (part-time) to the President of Interros Holding Company
Sergey Stepanov
Member of the Management Board since 2021
Senior Vice President — Operational Director since 2021
Born in: 1977
Nationality: Russian Federation
Shareholding: 0.001599%
Made no transactions with shares in MMC Norilsk Nickel in the reporting year
Education
Lomonosov Moscow State University: 1998: Bachelor in Economics (with distinction)
2000: Master in Economics (with distinction)
Experience in the last five years
2020–2021: CEO of VSMPO-AVISMA Corporation
2014–2020: CEO of Raspadskaya
2012–2020: Vice President, Head of Evraz’s Coal Division
Evgeny Fyodorov
Member of the Management Board since 2021
Vice President for Energy since 2021
Born in: 1978
Nationality: Russian Federation
Education
Economist/Manager, degree in Economics and Enterprise Management, Bauman Moscow State Technical University, 2001p
PhD in Economics, Moscow Power Engineering Institute (Technical University), 2003
Experience in the last five years
2018–2020: member of the Board of Directors, Advisor to the CEO of TRUST SM
since 2018: member of the Board of Directors of Unitile Holding
since 2017: member of the Board of Directors, Advisor to the CEO of Rosvodokanal Management Company
Corporate
Secretary
The role of the Corporate Secretary is to ensure compliance with the procedures for the protection of shareholder rights and legitimate interests, as prescribed by applicable laws and Nornickel’s internal documents, and to monitor such compliance. According to the Company’s Articles of Association, the Corporate Secretary is appointed by the Board of Directors for a three-year term. The Board of Directors may terminate the office of the Corporate Secretary before the end of the term.
The Corporate Secretary’s key functions:
- Involvement in preparing and holding the General Meeting of Shareholders
- Preparing and holding meetings of the Board of Directors and its committees
- Contributing to the improvement of Nornickel’s corporate governance framework and practice
- Managing the activities of the Secretariat
- Other functions in accordance with Nornickel’s internal documents
The Corporate Secretary reports administratively to the President and is accountable to the Board of Directors.
At present, Pavel Platov is Nornickel’s Corporate Secretary. In December 2021, the Board of Directors extended Pavel Platov’s term as Corporate Secretary by another three years.
Pavel Platov
Corporate Secretary since 2011
Born in: 1975
Nationality: Russian Federation
In the reporting year, he held no shares in MMC Norilsk Nickel and made no transactions with them.
Education
Linguistics University of Nizhny Novgorod
Academy of National Economy under the Government of the Russian Federation
Experience in the last five years
2017—present: Corporate Secretary of MMC Norilsk Nickel (2011–2017: Company Secretary)