Russia’s RUSAL CEO Deripaska says to keep his post

Business & Economy September 19, 2014, 14:28

On Thursday, business daily Vedomosti reported citing sources that Deripaska may leave the CEO post of aluminum giant UC RUSAL

SOCHI, September 19. /ITAR-TASS/. Russian tycoon Oleg Deripaska has no intentions of leaving the CEO post of aluminum giant UC RUSAL, he told in an interview with Rossiya 24 TV channel on Friday.

“The shareholders do not let me, they got used to me,” he said, adding that he is in good relationships with other shareholders of the company, including tycoon Viktor Vekselberg, who owns 15.8% in it.

On Thursday, business daily Vedomosti reported citing sources that Deripaska may leave the CEO post and hold a new position of the company’s president, as he wants to step away from operating management and concentrate on strategic goals.

Deripaska also said it is untimely to spin off a stake in metals giant Norilsk Nickel from RUSAL.

On Thursday, Bloomberg reported citing Maxim Sokov, CEO of Deripaska’s En+ Group, that the group considers starting talks on restructuring ownership of Norilsk Nickel in a way that RUSAL no longer held a 27.80% stake in it.

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