Corporate governance report

The Company is continuously working to improve its corporate governance standards, investment appeal and management efficiency, in accordance with recognized Russian and international standards. The Company strives to protect statutory shareholder rights by maintaining transparent processes, efficient executive governance and oversight, ensuring that information about the Company’s operations is reliable and up-to-date.

Information disclosure

Given that the amount and quality of information disclosed is one of the most important elements of corporate governance, the Company regularly and fully discloses information on all of the most significant issues, including information about its financial position, performance and ownership structure, along with lists of the affiliated individual, securities-related data, and so on.

The disclosure principles adopted by the Company are specified in the Policy of Public Relations and Relations with Investors of OJSC Polyus Gold, effective since November 2006.

As regards statutory disclosures, OJSC Polyus Gold meets the requirements set out by the respective regulatory documents, including the Federal Law «On Joint Stock Companies», the recommendations of the Corporate Behavior Code, the requirements of the Federal Service for Financial Markets of the Russian Federation, the requirements of the British Financial Services Regulatory Authority, and the listing requirements of the Russian and foreign stock exchanges, including OJSC Stock Exchange Russian Trade System, CJSC MMVB Stock Exchange and London Stock Exchange.

The Company also regularly issues a social report, which is prepared in accordance with Global Reporting Initiative standards.

Board of Directors

The corporate governance system of OJSC Polyus Gold provides the Board of directors with appropriate mechanisms to oversee management of the Company. The primary goal of the Board of Directors is to stimulate the capitalization and profitability growth of the Company, while protecting the interests of both majority and minority shareholders.

The Board of Directors determines the development strategy of the Company, assesses possible risks, and designates, motivates and controls its management.

The Board of Directors of OJSC Polyus Gold operates in accordance with the Federal Law «On Joint Stock Companies», the Rules of the Company and the Regulations regarding the Board of Directors.

The Board of Directors is elected by the General Meeting of the shareholders, in accordance with the Federal Law «On Joint Stock Companies». The Board consists of nine members and its structure and composition fully corresponds with the tasks the Company faces.

Composition of the Board of Directors

The Annual General Meeting of the shareholders of OJSC Polyus Gold, held on 15 May 2009, elected the following people to the Board of Directors:

• Mikhail Dmitrievich Prokhorov, Chairman of the Board of Directors
• Lord Patrick James Gillford
• Pavel Sergeevich Grachev
• Evgueni Ivanovich Ivanov
• Alexander Ilyich Mossionzhik
• Andrey Mikhailovich Rodionov
• Zumrud Khandadashevna Rustamova
• Ekaterina Mikhailovna Salnikova
• Maxim Valeriyevich Finskiy

Four members of the Board were re-elected from 2008, and the General Meeting also elected five new members: P.S. Grachev, A.I. Mossionzhik, A.M. Rodionov, Z.Kh. Rustamova and M.V. Finskiy Accordingly, Robert Buchan, А.А. Klishas, Ye.V. Yarovikov, V.N. Braiko and V.V. Rudakov were not re-elected.

The meeting, held on 27 May 2009, re-elected Mikhail D. Prokhorov, the President of ONEXIM Group, as Chairman of the Board of Directors.

Election date and composition of the Board of Directors of OJSC Polyus Gold:

Composition of the Board of Directors of OJSC Polyus Gold

Chairman of the Board of Directors

Holding of shares in OJSC Polyus Gold:
Holding of shares in OJSC Polyus Gold: 9,531,387 ordinary registered shares of OJSC Polyus Gold, as of 31 December 2009 (4.999% of the total share capital)

Date of birth
3 May 1965

Education
Moscow Financial Institute (State Finance Academy), specializing in International Economic Relations; holder of a cum laude diploma

2001–2007
Director General of OJSC MMC Norilsk Nickel

2003–2007, and from June-December 2008
Member of the Board of Directors of OJSC MMC Norilsk Nickel

2005–2007
Chairman of the Board of Directors of OJSC FK Moskva

2006–2008
Chairman of the Board of Directors of OJSC UK Sportivnyie Proyekty (Sports Projects Management Company)

2006–present
Chairman of the Board of Directors of OJSC Polyus Gold.

2007–2008
Member of the Board of Directors of CJSC KM Invest

2007–present
President of LLC ONEXIM Group

2007–present
Member of the Supervisory Board of the State Corporation Russian Nanotechnology Corporation

2009–present
Member of the RF Presidential Committee for the Modernization and Technological Development Wof the Russian Economy

2009–present
Member of the Management Bureau of the Russian Union of Industrialists and Entrepreneurs

2009–present
Member of the Board of Directors of OJSC Sheremetyevo International Airport

Does not own shares in OJSC Polyus Gold

Date of birth
28 December 1960

Education
Eton College (UK); Royal Military Academy Sandhurst

2000–2004
Chairman of the Board of Directors of the Cleveland Bridge UK Ltd, without executive responsibilities

2005–present
Director and Member of the Advisory Council of the Ukrainian British City Club

2006–present
Member of the Board of Directors of OJSC Polyus Gold

2007–present
Chairman of the Board of the Eurasia Drilling Company

Does not own shares in OJSC Polyus Gold

Date of birth
21 January 1973

Education
University of Trieste (Italy), Law; St. Petersburg State University, Law.

2000–2006
Director of LLC Pavia & Ansaldo

2006–2008
Head of the Legal Department of LLC Nafta Moscow

2006–2008
Member of the Board of Directors of OJSC Polymetal

2008–present
Managing Director of the Moscow Representative Office of Nafta Moscow (Cyprus) Limited (the Republic of Cyprus)

2009–present
Member of the Board of Directors of OJSC Polyus Gold

General Director

Does not own shares in OJSC Polyus Gold

Date of birth
29 September 1966

Education
Moscow Financial Institute (State Finance Academy), specializing in International Economic Relations

2000–2003
Chairman of the Board of OJSC AKB Rosbank

2003–2004, and 2005–2007
Member of the Board of Directors of OJSC AKB Rosbank

2004–June 2007, and February–October 2008
President of CJSC Polyus

2004–present
Member of the Board of Directors of CJSC Polyus

2005–September 2007, and June 2008–present
Member of the Board of Directors of OJSC Matrosov Mine

2005–present
Member of the Board of Directors of OJSC Lenzoloto

2005–August 2007
Member of the Board of Directors of OJSC Aldanzoloto GRK

2005–August 2007
Member of the Board of Directors of OJSC SVMC

2005–February 2008
Chairman of the Board of Directors of OJSC YaGK

2005–October 2008
Deputy Chairman of the Board of Directors of Rosbank (Switzerland) S.A.

2006–present
Chairman of the Board of Directors of CJSC ZDK Lenzoloto

May 2006–May 2007, and October 2007–present
General Director of OJSC Polyus Gold

March 2006–present
Member of the Board of Directors of OJSC Polyus Gold

2007–May 2009
General Director, Member of the Board of Directors of OJSC Polyus Geologorazvedka

December 2007–February 2008, and October 2008–present
Director General of CJSC Polyus

2008–present
Chairman of the Board of Directors of OJSC Eastern Yakutia Development Corporation

December 2008–present
Member of the Board of Directors of the LLC LZRK

August 2009–present
Chairman of the Board of Directors and Chief Executive Officer of KazakhGold Group Ltd.

In accordance with Clause 6.3.3.10 of the Articles of Association of OJSC Polyus Gold, the amount of compensation and bonuses paid out to the Director General is determined by the Board of Directors.

Does not own the shares in OJSC Polyus Gold

Date of birth
14 November 1961

Education
Tula Polytechnical Institute of Engineering and Mathematics, Candidate of Science

2001–2006
General Director of LLC Nafta Moscow

2005–2008
Member of the Board of Directors of OJSC Polymetal

2006–present
Chairman of Board of Directors of LLC Nafta Moscow

2009–present
Member of the Board of Directors of PIK Group

2009–present
Member of the Board of Directors and Deputy Chairman of the Board of Directors of OJSC Polyus Gold

Does not own shares in OJSC Polyus Gold

Date of birth
23 June 1968

Education
Yaroslavl Higher Military Finance School, specializing in Economics

2003–2005
Head of the Finance department of OJSC GNK Nafta Moscow

2006–2008
Head of the Financial department of LLC Nafta Moscow

2008–present
Managing Director of LLC Nafta Moscow

2009–present
Member of the Board of Directors of OJSC Polyus Gold

Does not own shares in OJSC Polyus Gold

Date of birth
21 September 1970

Education
Moscow Economics and Statistics Institute, specializing in Economics

2004–2006
General Director Deputy, Vice- President CJSC SUEK

2006–present
Deputy Chairperson and Member of the Board of OJSC Russian Bank for Development

2006–2008
Director of Corporate Development (joint appointment) of LLC Nafta Moscow

2006–2009
Head of the Moscow Representative Office and Deputy General Director of OJSC Polymetal

2006–present
Member of the Board of Directors of OJSC Magnitogorsk Iron and Steel Works

2008–2009
Managing Director (joint appointment) of the Moscow representative office of Nafta Moscow (Cyprus) Limited (the Republic of Cyprus)

2008–present
Member of the Board of Directors of OJSC Sheremetyevo International Airport

2009–present
General Director Deputy of OJSC Polymetal Management Company

2009–present
Member of the Board of Directors of OJSC Khanty-Mansiysk Bank

2009–present
Member of the Board of Directors of OJSC Polyus Gold

Does not own shares in OJSC Polyus Gold

Date of birth
14 July 1957

Education
Moscow Management Institute, Diploma in Engineering/Economics (specializing in Management Planning); RF Presidential Russian Academy of Public Administration, specializing in Law; Ph.D in economics

1999–2000, and 2004–2006
Member of the Board of Directors of OJSC AKB Rosbank

2000–2004
Member of the Board of Directors of CJSC Publishing House Profmedia

2000–2005, and 2006–2007
Member of the Board of Directors of Silovye Mashiny

2001–2003
Member of the Board of OJSC Interros Holding Company

2001–2003, and 2004 –June 2008
Member of the Board of Directors of OJSC MMC Norilsk Nickel

2003–2007, and December 2008–present
Member of the Board of Directors of OJSC Open Investments

2004–2005
Member of the Board of Directors of CJSC Agro-Industrial Complex Agros

2006–present
Member of the Board of Directors of OJSC Polyus Gold

2007–present
Deputy Financial Director of LLC ONEXIM Group

2008–present
Member of the Board of Directors of LLC Soglasiye Insurance

2008–present
Member of the Board of Directors of OJSC TGK-4

2008–present
Member of the Board of Directors of OJSC JSCB International Financial Club

Does not own shares in OJSC Polyus Gold

Date of birth
25 March 1966

Education
Moscow Financial Institute, Ph.D in law; Saint Petersburg University of the Ministry of Internal Affairs of Russia

2001–2008
Deputy General Director and Deputy Chairman of OJSC MMC Norilsk Nickel

2008–present
General Director of LLC Intergeo Management Company

2009–present
Member of the Board of Directors of OJSC Polyus Gold

Independent members of the Board of Directors

International practices suggest that independent directors are an important element of the system of corporate governance. The potential and advantages of independent directors are actively used to strengthen the trust of investors, increase business value and attract capital. Independent directors are an important indicator of the investment appeal of companies.

The Board of Directors of OJSC Polyus Gold has included independent directors since the company was founded. In determining the independence of members of the Board of Directors, the Company employs criteria that are based on the recommendations of the Corporate Behavior Code produced by the RF Service for Federal Financial Markets and specified by the Articles of Association of OJSC Polyus Gold.

The independent members of the Board of Directors of OJSC Polyus Gold serve to enhance the Board’s efficiency and ensure that it can form a reasonable opinion of the issues at hand. The independent directors facilitate greater efficiency with regard to the performance of the Board of the Directors, which has a positive impact on the Company’s overall performance.

The Board of Directors that was operative until 15 May 2009 (the date of the annual General Meeting of shareholders), selected Mr. V.N. Braiko and Mr. Robert Buchan as independent directors. The current Board of Directors, elected by the Annual General Meeting of shareholders on 15 May 2009, has selected Mr. V.N. Braiko and Lord Patrick Gillford.

Remuneration of members of the Board of Directors

Between 26 June 2008 and 14 May 2009, V.N. Braiko, Robert Buchan and Lord Patrick Gillford, members of the previous Board, were paid RUB 4,940,000 each for their services as Board Members. Lord Patrick Gillford and Robert Buchan were each paid a compensation of RUB 2 million for the expenses they incurred while serving on the Board of OJSC Polyus Gold, including transportation, accommodation, meals, and translation services.

These compensation amounts were approved by the Annual General Meeting of the shareholders of OJSC Polyus Gold on 15 May 2009. The Annual General Meeting established the individual quarterly remuneration for Lord Patrick Gillford and Zumrud Rustamova, the independent members of the newly elected Board of Directors, at RUB 937,500, plus individual annual compensation of RUB 2 million (excluding VAT) to reimburse any expenses they incurred in the course of serving on the Board of OJSC Polyus Gold. Moreover, as independent directors, Lord Patrick Gillford, who was elected Chairman of the Board’s Audit Committee, and Zumrud Rustamova, who was elected Chairman of the Board’s Personnel and Remuneration Committee, are eligible for additional remuneration of RUB 468,750.

In 2009, the other members of the Board of Directors were paid no remuneration, as a result of holding this position.

Activities of the Board of Directors in 2009

In 2009, the Board of Directors of OJSC Polyus Gold held 11 meetings, seven of which were held face-to-face.

The meetings of the Board of the Directors considered both the performance results of OJSC Polyus Gold over previous periods, and strategically important issues with regard to the Company’s development, including:

• Approval of the Company’s business plan and budget for 2009
• Reviewing the results of the Company’s operations
• Discussions on the “Nezhdaninskoye” investment project
• New conditions to be used in scenario analysis of the Company’s investment projects
• Implementation of a project to develop the Natalka deposit
• Progress of the Verninskoye deposit project
• Modernization of the Kurakhan mill
• External technological audit of the Olimpiada mine
• Progress of the “Blagodatnoye” investment project
• The Company’s international projects
• Approval of attractive deals

Committees of the Board of Directors of OJSC Polyus Gold

The Board of Directors of OJSC Polyus Gold contains the following three specialized committees, whose task it is to provide an in-depth preliminary analysis of the most important issues facing the Board:

• Audit Committee of the Board of the Directors of OJSC Polyus Gold
• Strategy Committee of the Board of the Directors of OJSC Polyus Gold
• Personnel and Remuneration Committee of the Board of the Directors of OJSC Polyus Gold

The Committees are regulated by the corresponding regulations, approved by the Board of the Directors.

Audit Committee of the Board of Directors
The main assignment of the Audit Committee is to assist the Board of Directors in overseeing the financial and economic performance of the Company by considering and preparing recommendations for the Board of Directors on these issues in advance. These issues include interactions with external auditors, revising financial reports and assessing the efficiency of the Company’s internal controls.

The Committee ensures that the members of the Board of Directors participate in the control process, and also helps to keep them informed regarding the Company’s performance.

In 2009, the Audit Committee held six meetings, three of which were held face-to-face and the other three, in absentia. The meetings considered the following issues: preparing recommendations for the Board of Directors regarding the completeness and accuracy of the data to be included in the financial statements and the Company’s annual report, as well as considering the independent auditor’s opinion issued by LLC RosExpertiza for 2008, and the candidature of an auditor for the financial statements for 2009. The meetings also involved a preliminary review of the consolidated financial statements of OJSC Polyus Gold for 2008, along with the unaudited financial statements for the first six months of 2009, in accordance with IFRS.

The Committee active until 15 May 2009
V.N. Braiko – Chairman of the Committee, Independent Director
E.M. Salnikova
E.V. Yarovikov

The Committee elected on 27 May 2009 (Minutes of the Meeting of the Board of Directors of the Company No. 06-09/SD)
Lord Patrick D. Gillford – Chairman of the Committee, Independent Director
A.M. Rodionov
E.M. Salnikova

Personnel and Remuneration Committee of the Board of Directors

The Personnel and Remuneration Committee is responsible for comprehensively studying issues related to the selection of personnel for employment in the Company’s management bodies, for creating the main provisions of contracts with these individuals, and for preparing recommendations on personnel and remuneration for the Board of Directors.

In 2009, there were no meetings of the Personnel and Remuneration Committee.

The Committee active until 15 May 2009
Robert Buchan – Chairman of the Committee, Independent Director
Lord Patrick D. Gillford
V.V. Rudakov

The Committee elected on 27 May 2009 (Minutes of the Meeting of the Board of Directors of the Company No. 06-09/SD)
Z.Kh. Rustamova – Chairman of the Committee, Independent Director
P.S. Grachev
E.M. Salnikova

Strategy Committee of the Board of Directors
The Strategy Committee is responsible for considering, analyzing and developing recommendations for the Board of Directors with respect to making and implementing strategic decisions, related to the development of OJSC Polyus Gold.

The Committee active until 15 May 2009
M.D. Prokhorov – Chairman of the Committee
E.I. Ivanov
Robert Buchan – Independent Director

The Committee elected on 27 May 2009 (Minutes of the Meeting of the Board of Directors of the Company No. 06-09/SD)
M.D. Prokhorov – Chairman of the Committee
E.I. Ivanov
A.I. Mossionzhik

In 2009, The Strategy Committee held a single meeting to consider recommendations to be prepared for the Board of Directors regarding plans for the Company’s strategic development.

Corporate Secretary

The main task of the Secretary of OJSC Polyus Gold is to ensure that the Company’s management bodies comply with legal requirements and the Company’s internal regulatory documents, in order to guarantee that its shareholders’ rights are observed and their interests pursued.

Along with the items specified in the Articles of Association, the regulatory basis for the Secretary to execute his/her functions consists of the Regulations on the Secretary of OJSC Polyus Gold, approved by the Board of Directors in March 2006.

In 2009, the powers of the Secretary of OJSC Polyus Gold and the Secretary of the Board of Directors were vested in Anna Olegovna Solotova.

Management of OJSC Polyus Gold

The Group is managed by a management team headed by E.I. Ivanov, the General Director of Polyus Gold. The managers responsible for the Company’s main service lines at the Moscow corporate center report to the General Director, along with the heads of the Group’s business units. The management team of Polyus Gold includes the following managers:

General Director of OJSC Polyus Gold

Mr. Ivanov’s CV is presented in the “Board of Directors” section.

Deputy General Director for Strategy and Corporate Development

Does not own shares in OJSC Polyus Gold

Date of birth
9 April 1970

Education
Ural State University, Degree in history; Bowdoin College (Brunswick, Maine, USA), Contemporary History; RF Presidential Russian Academy of Public Administration, Diploma in Economics

1994–1995
Head of the CJSC MOSEXPO project

1994–1998
Director General of OJSC Central Company of the Evrozoloto Financial and Industrial Group

1995–1997
General Director of CJSC Palamos

1998–2002
Deputy Head of the Representative Office and Business Development Manager at LLC Placer Dome International

2002–2004
Deputy General Director for Corporate Development of CJSC Polyus

2004–2007
Vice-President for Corporate Development of CJSC ZDK Polyus

2007–present
Deputy General Director for Strategy and Corporate Development of CJSC Polyus Gold

August 2009–present
Member of the Board of Directors of KazakhGold Group Ltd.

Deputy General Director for Economy and Finance

Does not own shares in OJSC Polyus Gold

Date of birth
2 November 1969

Education
Moscow Machine-Instrument Institute (STANKIN), Electrical Engineering; Russian Federation Government Finance Academy, specializing in Finance and Credit

1998–2003
Head of the Regional Relationship Development department, Deputy Head of Client Relationships, Vice-President and Senior Vice-President of OJSC AKB Rosbank

2002–present
Deputy General Director of Finance of OJSC ChelyabEnergo

2003–2005
First Deputy Mayor of Norilsk

2005–2008
Deputy Director for Economics and Finance of the Polar Region Branch of OJSC MMC Norilsk Nickel

2008–present
Deputy General Director for Economics and Finance of OJSC Polyus Gold

August 2009–present
Member of the Board of Directors of KazakhGold Group Ltd.

Deputy General Director of Production

Does not own shares in OJSC Polyus Gold

Date of birth
18 November 1954

Education
Moscow Institute of Steel and Alloys, specializing in Mineral Dressing, Candidate of science

1977–1985, and 1992–1999
Norilsk Processing Plant: Mill Operator, Foreman, Senior Foreman of the crushing and flotation workshop at the main production site; Deputy Head, and later Head of the crushing and flotation workshop

1985–1992
Chief Engineer of the Erdenet Mine (Mongolian People's Republic)

1999–2003
Chief Engineer of the Production Association of Processing Plants of OJSC MMC Norilsk Nickel

2003–2008
Head of the Directorate for Planning and Coordination of Research and Engineering Development of OJSC MMC Norilsk Nickel

2008–present
Deputy General Director of Production of CJSC ZDK Polyus

August 2009–present
Member of the Board of Directors of KazakhGold Group Ltd.

Deputy General Director of Internal Control and Risk Management

Does not own shares in OJSC Polyus Gold

Date of birth
3 August 1967

Education
Moscow State Institute of International Affairs, cum laude Diploma in International Economic Affairs

1994–1997
Leading expert, Deputy Head of Department in the Credit Resource Directorate; Head of the Finance and Economic Analysis department

1997–1998
Deputy Head of the Planning and Operational Income and Expenses Control division of the Finance department of ONEXIM Bank

1998–2003
Member of the Board and Head of Internal Controls of OJSC AKB Rosbank

2003–2008
Head of the Control and Audit department and Director of the Internal Control department of OJSC MMC Norilsk Nickel

2008–present
Deputy General Director for Internal Control and Risk Management of OJSC Polyus Gold

Deputy General Director of Procurement

Does not own shares in OJSC Polyus Gold

Date of birth
6 December 1965

Education
Moscow State Engineering Construction Institute, Degree in Industrial and Civil Construction

1992–1993
Leading Expert, Deputy Head of the Social Service and Transport Department of the International Financial Company

1993–1998
Deputy Head of the Social Service department, Head of the General Service department of the Social Procurement Service, Head of the Procurement Division of the Administration department, Head of the Commercial Division of the Administration department of ONEXIM Bank

1998–2002
Head of the Commercial Division, Director of the Administration department of OJSC AKB Rosbank.

2002–2008
Deputy General Director of Supply and Procurement of OJSC MMC Norilsk Nickel

2008–present
and Director of the Internal Control department Deputy General Director of Procurement of OJSC Polyus Gold

President of CJSC Polyus, Head of the Siberian Business Unit

Does not own shares in OJSC Polyus Gold

Date of birth
22 April 1957

Education
Khabarovsk Polytechnic Institute, Degree in Industrial and Civil Construction; Krasnoyarsk State University of Non-ferrous Metals and Gold, Degree in Open Cast Mining, Candidate of Science

1983–1995
Head of the Construction Site for Polyus Prospecting Team

1995–1996
Vice-president for the Krasnoyarsk AOZT AS Polyus

1996–2002
General Director, and First Vice-President of AOZT AS Polyus

2002–2004
General Director of CJSC Polyus

2002–2007
First Vice-President and Executive Director of CJSC ZDK Polyus

2008–present
President of CJSC ZDK Polyus, and Head of the Siberian Business Unit

General Director of OJSC Matrosov Mine

Holding of shares in OJSC Polyus Gold
50 ordinary registered shares of OJSC Polyus Gold, as of 31 December 2009 (0.00000026% of the total ordinary registered shares)

Date of birth
24 June 1951

Education
Moscow Mining Institute, specializing in Mining Construction Engineering, Doctor of Engineering

1975–1981
Matrosov Mine (the SeveroVostokZoloto Association): Mine Foreman, Section Head

1981–1985
Dukat Mine Building Directorate: Chief Engineer, Head of the Directorate

1985– 1986
Dukat Mine: Chief Engineer, Head of the Mine

1986–1989
General Director of the Iultinsk Mine (Chukotka)

1990–1994
General Director of the Soviet-American Joint Venture Severovostokzoloto Alaska (Magadan)

1994–1995
General Director of LLP Razvitie Mestorozhdeniy (Deposit Development)

1995–2002
General Director of CJSC Razvitie Mestorozhdeniy Invest and Director for Mining Processing Technologies and Investments for Astron Minerals Incorporated (USA)

2002–2004
Deputy General Director of CJSC ZDK Polyus

2003–present
General Director of OJSC Matrosov Mine

General Director of OJSC Lenzoloto

Does not own shares in OJSC Polyus Gold

Date of birth
17 December 1954

Education
Irkutsk Polytechnic Institution, Mining Engineer

1977–1988
Marakan Goldmine of the Lenzoloto Production Association: Head of the Mining Preparatory Workshop, Chief Engineer, Mine Director

1988–1990
Chairman of the Executive Committee of the Bodaibo City Soviet of People’s Deputies

1990–1998
Deputy General Director for Mining Production of the Lenzoloto Production Association; Mining Production Director of AOZT Lenzoloto

1998–2006
Executive Director, and Director of CJSC Marakan

2006–present
General Director of CJSC ZDK Lenzoloto

2007–present
General Director of OJSC Lenzoloto

General Director of OJSC Aldanzoloto GRK

Does not own shares in OJSC Polyus Gold

Date of birth
5 January 1972

Education
Norilsk Industrial Institute, Metallurgy and Economics, Ph.D. in Economics

1992–1999
A.P. Zavenyagin NGMK: Furnace Operator, Deputy Head of Production for the Smelting Shop

1999–2001
Deputy Head of the Smelting Shop of the Polar Region Branch of OJSC Norilsk Mining Company

2001–2007
Head of the Smelting Shop, Nickel Plant Chief Engineer (Polar Region Branch of MMC Norilsk Nickel)

2007–2008
Chief Engineer of the B.I. Kolesnikov Nadezhdinsky Metallurgical Plant (Polar Region Branch of MMC Norilsk Nickel)

2008–present
General Director of OJSC Aldanzoloto GRK

General Director of OJSC MMC Kazakhaltyn

Does not own shares in OJSC Polyus Gold

Date of birth
19 January 1973

Education
Norilsk Industrial Institute, specializing in Economics and Business Administration in Metallurgy

1990–2000
Technician with the Economic Service, Deputy Head of the Tax Planning Department, and Head of the Tax Planning department of OJSC Norilsk Mining and the A.P. Zavenyagin Metallurgical Smelting Works

2000–2001
First Deputy Head of the Finance department, and Head of the Tax and Duties department of OJSC Norilsk Mining Company

2001–2007
Chief Accountant, Deputy Director of the Polar Region Branch of OJSC MMC Norilsk Nickel, Head of the Multiindustry Supplies Directorate

2007–2008
Director General of LLC Norilsky Obespechivayushchiy Kompleks (Norilsk Supply Group)

2008–2009
Head of the Norilsk Administration

August 2009–present
Director of Production of KazakhGold Group Ltd.

September 2009–present
Head of the Kazakhstan Business Unit, and General Director of JSC MMC Kazakhaltyn