United Company RUSAL Plc :Appointment of Director and Changes to
Composition of the Board Committees
HONG KONG -- August 18, 2013
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)
APPOINTMENT OF DIRECTOR AND CHANGES TO COMPOSITION OF THE BOARD COMMITTEES
The Board is pleased to announce that Mr. Stalbek Mishakov has been appointed
as an executive Director and as a member of the Standing Committee of the
Company with effect from 16 August 2013.
Further, on 16 August 2013, the Board also approved changes to the composition
of certain Board committees.
APPOINTMENT OF DIRECTOR
The board (the “Board”) of directors (the “Directors” and each a “Director”)
of United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL) (the “Company”) is
pleased to announce that, Mr. Stalbek Mishakov (“Mr. Mishakov”) has been
appointed as an executive Director and as a member of the Standing Committee
of the Company with effect from 16 August 2013.
Particulars of Mr. Mishakov are set out below:
Stalbek Mishakov, aged 42, has been an adviser to the CEO Office employed by
RUSAL Global Management B.V., a subsidiary of the Company, since October 2010.
Since June 2012, Mr. Mishakov has been a member of the board of directors of
OJSC MMC Norilsk Nickel and a Deputy CEO of EN+ Management LLC, a subsidiary
of EN+ Group Limited, since July 2013.
Mr. Mishakov graduated from the Moscow State Institute for International
Relations (international lawyer) in 1993 and obtained a Master of Arts degree
in the University of Notre Dame in 1996 and a PhD in Economics in the Russian
Foreign Ministry Diplomatic Academy in 2002.
The length of service of Mr. Mishakov as an executive Director is determined
in accordance with the Articles of Association of the Company. Mr. Mishakov’s
appointment may be terminated by Mr. Mishakov giving the Company one month’s
notice of termination and/or otherwise in accordance with the Articles of
Association. As an executive Director, Mr. Mishakov is not entitled to a
director’s fee. In respect of Mr. Mishakov’s employment with the Company and
its subsidiaries (the “Group”), Mr. Mishakov is entitled to USD1,268,869 per
annum which has been determined with reference to his experience, duties and
responsibilities with the Group, and an annual bonus would be paid on the
basis of achievement of key performance targets.
As at the date of this announcement, Mr. Mishakov is 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).
Save as disclosed above, as at the date of this announcement, Mr. Mishakov 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. Mishakov 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. Mishakov 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
The Board would like to welcome Mr. Mishakov as an executive Director and as a
member of the Standing Committee of the Company.
OTHER CHANGES TO THE COMPOSITION OF THE BOARD COMMITTEES
Further, on 16 August 2013, the Board also approved (i) the appointment of Mr.
Maksim Goldman as a member of the Remuneration Committee of the Company with
effect from 16 August 2013 in place of Mr. Len Blavatnik who ceased to be a
member of the same committee with effect from 2 July 2013; (ii) the
appointment of Ms. Gulzhan Moldazhanova as a member of the Audit Committee of
the Company with effect from 16 August 2013; (iii) the appointment of Ms.
Ekaterina Nikitina as a member of each of the Corporate Governance &
Nomination Committee and the Remuneration Committee of the Company with effect
from 16 August 2013; and (iv) the appointment of Mr. Vladislav Soloviev as a
member of the Health, Safety & Environmental Committee of the Company with
effect from 16 August 2013.
By Order of the Board of Directors of
United Company RUSAL Plc
19 August 2013
As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov, Mr. Vladislav Soloviev and
Mr. Stalbek Mishakov, the non-executive Directors are Mr. Dmitry Afanasiev,
Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan
Moldazhanova, Mr. Christophe Charlier, 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
United Company RUSAL Plc
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