MOSCOW, July 15. /TASS/. Russia’s Finance Minister Anton Siluanov has been appointed the head of the supervisory board of Alrosa diamond producer, according to the company’s statement.
Earlier, Siluanov said that he might become the board’s chairman.
Ilya Yuzhanov who had chaired Alrosa’s supervisory board since 2011, did not enter the current board.
Yegor Borisov, Head of the Republic of Sakha (Yakutia) was elected as the first deputy chairman.
Alexander Galushka, Minister for the Development of the Russian Far East was elected as deputy chairman.
In late June, at an annual general meeting Alrosa’s shareholders elected 15 members to the company’s Supervisory Board.
The new line-up in particular includes Peter Alekseyev, CEO of Republican Investment Company (nominated by shareholders as a designated state representative); Yevgenia Grigoryeva, Minister of Property and Land Relations of the Republic of Sakha; Galina Danchikova, Chairwoman of the Government of the Republic of Sakha; Oleg Grinko, Chairman of the Board of Directors at Sberinvest Asset Management Company (nominated by shareholders as an independent director); Pavel Ulyanov, Head of Energy Division at Rusal Global Management B.V. (nominated by shareholders as an independent director); Alexey Chekunkov, CEO of Far East and Baikal Region development Fund; Andrey Zharkov, President (CEO) of ALROSA; Maria Gordon, Chief Portfolio Manager at Pacific Investment Management Co. (PIMCO) until 2014.
The three current directors who entered the new supervisory board are Sergey Barsukov, Department Director at the Russian Ministry of Finance; Oleg Fedorov, member of ALROSA Supervisory Board; Valentina Kondratyeva, Head of State Autonomous Agency Center for Strategic Research of the Republic of Sakha (Yakutia) (nominated by shareholders as a designated state representative).
Alrosa is a group of Russian diamond producers. It mines diamonds on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region.
Alrosa’s largest shareholders are the Russian Federation with 44%, the Republic of Sakha (Yakutia) with 25%, and Yakutian districts with 8%. Around 23% of the company’s shares are in the free float.