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| Monday, 12 April 2010, 10:55 HKT/SGT | |
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Source: RUSAL | |
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MOSCOW, Apr 12, 2010 - (ACN Newswire) - UC RUSAL, (SEHK: 486)(EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the appointment of Vladislav Soloviev, who was previously CEO of the En+ Management LLC, to the newly established position of First Deputy CEO of RUSAL. Before joining the En+ Management LLC, Vladislav Soloviev held various senior executive positions with RUSAL's financial department for seven years.
The management structure has been changed as part of a programme to strengthen the team of top managers and further improve the management system of RUSAL as a public company. In his new position, Vladislav Soloviev will be responsible for the operational management of the company, focusing on increasing business efficiency, improving production and financial performance as well as increasing labour productivity and product quality.
Oleg Deripaska, the Chief Executive Officer of RUSAL, commented on the change in the organisational structure and the new appointment, "Vladislav Soloviev knows RUSAL in great detail and has impressive experience managing large-scale holding companies, which will allow him to ensure the effective management of the company's operations, and allow me to concentrate on the strategic development of RUSAL as a global leader in the industry".
Vladislav Soloviev said: "I'm very pleased to return to the company where I worked for over seven years. RUSAL has not only changed its status recently, becoming a public company, but it has also reached a new stage of development which requires a change in management approach to ensure a long-term growth of the company's value. A recession is followed by an upturn, and I see my task as not only making RUSAL the first company in the aluminium industry to successfully overcome the consequences of the world crisis, and also to become even more robust and competitive through this recovery. We have all the prerequisites to do that."
Biography
Mr. Vladislav Soloviev, aged 36, joined UC Rusal in 2000. He has been a member of UC Rusal's Board of Directors since October 2007. He is also a member of UC Rusal's Remuneration Committee and the Corporate Governance and Nomination Committee.
In January 2008, Mr. Soloviev was appointed Chief Executive Officer of En+ Management LLC. In this position, he was responsible for companies of En+ Group strategy, management of assets, sourcing and evaluation of investment opportunities. Under the management of Mr. Soloviev, the En+ Group of companies considerably expanded their coal business, consolidated energy assets on the basis of EuroSibEnergo establishing the largest private energy company in Russia and creating a platform to develop promising nuclear energy. The En+ Group of companies successfully managed the consequences of the global economic downturn and restructured all its loans.
From 2007 to 2008, Mr. Soloviev was head of UC Rusal's Finance Directorate upon UC Rusal's formation. Before joining En+ Group Limited, Mr. Soloviev held various senior executive positions with RUSAL's financial department for seven years. During the two years before Mr. Soloviev joined UC Rusal in 2000, Mr. Soloviev was Deputy Director of the Department of Tax Policy and Tax Legislation and worked as an adviser to the Minister of Tax and Revenue of the Russian Federation, where he was responsible for implementing amendments to tax laws. From 1994 to 1998, he held various senior positions in UNICON/MC Consulting and in charge of auditing oil and gas companies. Within the preceding three year period, Mr. Soloviev has served as chairman on the board of directors of OJSC NK RussNeft and is currently serving on the board of directors of OJSC MMC Norilsk Nickel and En+ Group Limited.
Mr. Soloviev was born in 1973. In 1995, he graduated from the Higher School of the State Academy of Management (financial management) with Honours, and in 1996, he graduated from the Stankin Moscow Technical University (design engineer). In 2004, he graduated from the Finance Academy of the Government of the Russian Federation and was awarded an MBA degree by Antwerp University in Belgium.
Contact:
RUSAL
Vera Kurochkina
+7 495 720 5170
Vera.Kurochkina@rusal.com
Investor Enquiries:
RUSAL
Catherine Shiang
+852 6391 6819
Catherine.Shiang@rusal.com
Topic: Executive appointment
Source: RUSAL
Sectors: Metals & Mining, Daily Finance
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