Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,573.10 56.83 0.39%
TOPIX 1,175.42 2.05 0.17%
HANG SENG 22,760.24 64.23 0.28%

United Company RUSAL Plc: Appointment of Independent Non-Executive Director and Changes to Composition of Board Committees



  United Company RUSAL Plc: Appointment of Independent Non-Executive Director
  and Changes to Composition of Board Committees

Business Wire

HONG KONG -- June 16, 2013

Regulatory News:

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

                           UNITED COMPANY RUSAL PLC
        (Incorporated under the laws of Jersey with limited liability)
                              (Stock Code: 486)

 
The Board is pleased to announce that Mr. Mark Garber has been appointed as an
independent non-executive director of the Company and as a member of the
Remuneration Committee, the Corporate Governance and Nomination Committee, the
Norilsk Nickel Investment Supervisory Committee and the Health, Safety and
Environmental Committee of the Company with effect from 14 June 2013.

 

The Board also announces the changes of the composition of the various Board
committees.
 

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGES TO THE
COMPOSITION OF THE BOARD COMMITTEES

The Board of Directors (the “Board”) of United Company RUSAL Plc (the
“Company”) (Paris:RUSAL)(Paris:RUAL) is pleased to announce that, Mr. Mark
Garber (“Mr. Garber”) has been appointed as an independent non-executive
director of the Company and as a member of the Remuneration Committee, the
Corporate Governance and Nomination Committee, the Norilsk Nickel Investment
Supervisory Committee and the Health, the Safety and Environmental Committee
of the Company with effect from 14 June 2013 to fill the vacancy as a result
of the resignation of Mr. Barry Cheung Chun-yuen.

Particulars of Mr. Garber are set out below:

Mark Garber, aged 55, has been the Senior Partner and the Chairman of the
Board of Garber Hannam & Partners Group and the Director of GHP Asset
Management Limited Liability Company since 2012. GHP Group is a financial
group focusing on wealth management, real estate investment, direct
investments, merger and acquisitions and financial advisory. From 2000 to
2012, Mr. Garber was the Senior Partner and a Board Member of Fleming Family &
Partners. From 1998 to 2000, he was the Chairman of the Board of Directors of
Fleming UCB. He was the co-founder of UCB Financial Group and of Sintez
Cooperative and was the Chairman of the Board of Directors of UCB Financial
Group from 1995 to 1998 and the Partner of Sintez Cooperative from 1987 to
1995.

Mr. Garber graduated from the 2nd Moscow State Medical Institute named after
N.I.Pirogov in 1981 and obtained a PhD in Medical Sciences in Moscow Research
Institute of Psychiatry in 1985.

Mr. Garber is required to sign an appointment letter with the Company as an
independent non-executive director with effect from 14 June 2013. The length
of service of Mr. Garber as an independent non-executive director will be
determined in accordance with the Articles of Association of the Company (the
“Articles of Association”). Mr. Garber’s appointment may be terminated by Mr.
Garber giving the Company one month’s notice of termination and/or otherwise
in accordance with the Articles of Association. As an independent
non-executive director, Mr. Garber will be entitled to a fixed director’s fee
of £120,000 per annum, which is determined by the Board with reference to the
performance of the Company, his duties and responsibilities and the prevailing
market conditions. Mr. Garber will also be entitled to £10,000 per annum as a
member of, and £15,000 per annum as chairman of, each Board committee to which
he is appointed.

As at the date of this announcement, Mr. Garber was not interested or deemed
to be interested in any shares or underlying shares of the Company or its
associated corporations within the meaning of Part XV of the Securities and
Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

As at the date of this announcement, Mr. Garber is independent from and not
related to any other directors, senior management, substantial shareholders or
controlling shareholders of the Company.

Save as disclosed above, Mr. Garber has not held any directorship in any
publicly listed companies in the last three years or any other position with
the Company or its subsidiaries.

Save as disclosed above, there are no other matters relating to the
appointment of Mr. Garber that need to be brought to the attention of the
shareholders of the Company and there is no other information which is
required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited.

The Board would like to welcome Mr. Garber as an independent non-executive
director of the Company and as a member of the Remuneration Committee, the
Corporate Governance and Nomination Committee, the Norilsk Nickel Investment
Supervisory Committee and the Health, Safety and Environmental Committee of
the Company.

OTHER CHANGES OF COMPOSITION OF THE BOARD COMMITTEES

The Board also announces the following changes of the composition of the Board
committees, all with effect from 14 June 2013:

  * Ms. Elsie Leung Oi-sie has been appointed as the chairman of the
    Remuneration Committee of the Company;
  * Mr. Matthias Warnig has been appointed as the chairman of the Norilsk
    Nickel Investment Supervisory Committee of the Company and as the chairman
    of the Standing Committee of the Company;
  * Mr. Artem Volynets ceased to be a member of the Norilsk Nickel Investment
    Supervisory Committee of the Company; and
  * Mr. Maxim Sokov has been appointed as a member of the Norilsk Nickel
    Investment Supervisory Committee of the Company.

By Order of the Board of Directors of
United Company RUSAL Plc
Vladislav Soloviev
Director
 

17 June 2013

As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov and Mr. Vladislav Soloviev,
the non-executive Directors are Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr.
Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Christophe
Charlier, Mr. Artem Volynets, Ms. Alexandra Bouriko and Ms. Ekaterina
Nikitina, and the independent non-executive Directors are Mr. Matthias Warnig
(Chairman), Dr. Peter Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie
and Mr. Mark Garber.

All announcements and press releases published by the Company are available on
its website under the links http://www.rusal.ru/en/investors/info.aspx and
http://www.rusal.ru/en/press-center/press-releases.aspx, respectively.

Contact:

United Company RUSAL Plc
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement