Board of Directors
The Company's highest management body is the General Shareholders' Meeting. The Board of Directors is responsible for Polymetal's activities during the time between shareholders' meetings. Members of the Board of Directors are elected at the General Shareholders' Meeting through cumulative voting.
There are five independent directors on Polymetal's Board of Directors. The Company believes that independent directors are an important factor in protecting shareholders' interests. Furthermore, thay have broad international experience in the mining industry, and they have served in top management positions at leading international companies. As such, their presence raises the quality and effectiveness of the Board of Directors' decision-making.
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Ilya Yuzhanov
Independent member, Chairman of the Board of Directors, member of the Remuneration and Nomination Committee
Mr. Yuzhanov has held the position of Chairman of the Company's Board since October, 2008; member of the Board of Directors - since September, 2008. Mr. Yuzhanov is currently on the Boards of ALROSA, NOMOS-BANK, and Uralkali. Mr. Yuzhanov also served on the Boards of several of Russia’s largest companies such as NOVATEK, Kirovsky Zavod, IDGC Holding, RAO UES, Russian Railways, and Gazprom. Throughout his career, he has held various positions with Leningrad and St. Petersburg City Administrations. He has been Chairman of the State Committee on Land Resources and Land Utilization of the Russian Federation, a Minister of Land Policy, Construction and Utilities of the Russian Federation, and Minister of Antimonopoly Policy and Business Support of the Russian Federation. Mr. Yuzhanov graduated from Leningrad State University, Faculty of Economics in 1982 and received a PhD in Economics from the same University in 1989.
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Konstantin Yanakov
Deputy Chairman of the Board of Directors, Member of the Audit Committee
Mr. Yanakov has been a member of the Company's Board of Directors since September, 2008. Currently Mr. Yanakov is working as CFO at ICT. Throughout his career, he worked as a VP with MDM Bank, then as a CFO with Polymetal. In 2007 Mr. Yanakov was awarded an MBA from London Business School (UK). He graduated from Finance Academy under the Government of the Russian Federation with a degree in global economics, received a PhD in Economics from State University of Management (Russia).
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Sergey Areshev
Member of the Board of Directors
Mr. Areshev has been a member of the Company's Board of Directors since September, 2008. Currently Mr. Areshev holds the position of head of International legal department at CJSC ICT. Throughout his career, he worked as an associate with international law firms including Coudert Brothers LLP in Saint Petersburg, and then with CJSC ICT. Mr. Areshev graduated from the Saint Petersburg State University with a degree in law and Management School of Vlerick Leuven Gent University with MBA degree in International General Management.
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Jonathan Best
Independent member of the Board of Directors, Chairman of the Audit Committee
Mr. Best has served as an independent member of the Company's Board of Directors since December 2006. Mr. Best has more than 30 years' experience in the mining industry both at Corporate and Operational level. At 2006 he served as the interim CEO of Trans-Siberian Gold Plc (UK), prior to that was the CFO and an Executive Director at AngloGold Ashanti Limited and was involved in both the formation of this company and its listing on the New York Stock Exchange. Mr. Best is currently on the Board of AngloGold Ashanti Holdings Plc as a Non Executive Member and Member of the Audit Committee, and Sentula Mining Limited as a Non Executive Director, Chairman of the Audit Committee, Chairman of Investment Committee and a member of the Nomination Committee. Mr. Best is an associate of the Chartered Institute of Management Accountants and the Chartered Institute of Secretaries and Administrators and has an MBA degree.
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Marina Grönberg
Member of the Board of Directors
Mrs. Grönberg has been a member of the Board of Directors since September, 2008. Mrs. Grönberg is currently working as CEO for A&NN Advisor Limited and is the President of A&NN US Inc. Mrs. Grönberg is currently on the Board of JSC Zhelezobeton, Unitrans Logistic Ltd, Mozaik Holdings Ltd, MLP, GLP, Bookberry Ltd, and Atticus. Mrs. Grönberg was working for 6 years for INFINS Ltd as the Chief Executive Officer. Mrs. Grönberg graduated from Moscow State University, Faculty of Applied Mathematics, All-Russian State Distance Learning Institute of Finance and Economics with a Degree in Economics, Finance and Credit, and Moscow State Law Academy with a Degree in Law.
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Vitaliy Nesis
Member of the Board of Directors, CEO of Polymetal
Mr. Nesis has served as the Company's CEO since 2003 and as a member of the Company's Board of Directors since June 2004. From 2002 to 2003, he was the General Director of Vostsibugol, a major coal mining company based in eastern Russia. In 2000 Mr. Nesis was the Strategic Development Director at the Ulyanovsk Automobile Plant and, from 2001 to 2002, he was the Director of the Investment Planning Department at SUAL-Holding. From 1999 to 2000, he worked for McKinsey & Co. in Moscow and, from 1997 to 1999, Mr. Nesis worked as an Analyst for Merrill Lynch in New York. He graduated from St.Petersburg University of Economics and Finance with a degree in Economics. In 1997 he graduated from Yale University (USA) with a degree in Economics.
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LEONARD HOMENIUK
Independent member of the Board of Directors, Chairman of the Remuneration and Nomination Committee
Mr. Homeniuk has been an independent member of the Board of Directors since June, 2010. From 2004 to 2008 Mr. Homeniuk served as President, Chief Executive Officer and Member of the Board of Directors of Centerra Gold Inc. Since his retirement he acted as a non-executive Chairman of the Board of directors of Trade Ideas LLC, as well as the manager of a privately held gold equity fund. He has over 35 years of experience in the mineral sector including gold and uranium exploration, development and production. Throughout his career, he has held various executive positions with Centerra Gold Inc., Kumtor Gold Company and Cameco Corporation. Mr. Homeniuk received a Master of Science degree from the University of Manitoba. He is a member of the Ontario Society of Professional Engineers, Canadian Institute of Mining and Metallurgy and the Prospectors and Developers Association of Canada. Mr. Homeniuk was made an Honorary Professor of the Kyrgyz Mining Institute in 1998.
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Russell Skirrow
Independent Member of the Board of Directors, Member of the Audit Committee.
Dr. Skirrow has been a member of the Board of Directors since September, 2008. Dr. Skirrow worked for 12 years in the international mining industry with Gold Fields in South Africa, and then with Western Mining Corporation in both Australia and the USA. Subsequent to this, Dr. Skirrow have worked in the stockbroking/investment banking industry in both Australia and UK for 17 years, including last 10 years at Merrill Lynch in UK, firstly as Head of Global Metals, Mining & Steel Research, and then Global Chairman of the Metals/Mining team in Investment Banking, and in Australia as Vice-Chairman in Investment Banking, leaving that position in August, 2008. Dr. Skirrow is a Member of Institute of Materials, Minerals & Mining (M.I.M.M.M.) with Chartered Engineer (C.Eng) status and a Fellow of FINSIA (Financial Services Institute of Australia).
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Martin Schaffer
Member of the Board of Directors, member of the Remuneration and Nomination Committee
Mr. Schaffer has been a member of the Company's Board of Directors since September, 2008. Currently Mr. Schaffer is working as Director of Legal Maintenance and Business Protection Department at Home Credit and Finance Bank LLC. Mr. Schaffer graduated from Charles University Prague with a degree in law and medicine. Mr.Schaffer had been working as otorhinolaryngologist at Charles University's hospital for 3 years and just after within 4 years at TV Nova, CET 21 Ltd as Head of Legal Department, served on the Board of Directors, and then at PPF Investments Ltd as Secretary General, Home Credit and Finance Bank LLC as Adviser to the Board of Directors.
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Ashot Khachaturyants
Independent Member of the Board of Directors
Mr. Khachaturyants was appointed as a member of the Company's Board of Directors in March, 2009. Currently Mr. Khachaturyants is working as CEO at Sberbank Capital and Senior Deputy of the Central Council for "Dinamo" Association Chairman. Throughout his career, he worked as Director of Investment Policy Department at Ministry for Economic Development and Trade of the Russian Federation and Head of Administration of the Federal target program "RF State Border" (2003-2010). Mr. Khachaturyants graduated from Gubkin Russian State University of Oil and Gas with a degree in economy and engineering and Finance Academy under the Government of the Russian Federation with a degree in economy.