En+ Group Board of Directors is committed to the highest standards of corporate governance.

Rt Hon Lord Barker of Battle PC

Independent Director, Chairman of the Board of Directors

Lord Barker has served as the Chairman of the Board of Directors since October 2017. In August 2015, Gregory Barker was created a life Peer and since October 2015 he has been a member of the House of Lords of the UK Parliament. Lord Barker has extensive business experience in mergers and acquisitions, corporate finance, investor relations, the energy sector and private equity followed by a career as a prominent public official.

Lord Barker served as member of the British House of Commons from 2001 to 2015. From 2010 to 2014, Lord Barker served as UK Minister of State for Energy & Climate Change, becoming the longest serving British energy minister for a generation.

Lord Barker was educated at Lancing College, London University and London Business School.

Oleg Deripaska

President, Executive Director

Oleg Deripaska has served as a member of the Board of Directors since 2010 and as President of the Company since 2013. Mr. Deripaska has been President of RUSAL since December 2014. Mr. Deripaska has served as a member of the board of directors of RUSAL since March 2007.

From January 2009 to December 2014, Mr. Deripaska served as the Chief Executive Officer of RUSAL.

Having raised his initial capital by trading in metals, Mr. Deripaska acquired shares in the Sayanogorsk Aluminium Smelter and became its director general in 1994. In 1997, Mr. Deripaska initiated the creation of the Sibirsky Aluminium Group, which was Russia’s first vertically integrated industrial group. From 2000 to 2003, Mr. Deripaska was the General Director of Russian Aluminium, which was set up as a result of the combination of the aluminium smelters and alumina refineries of Sibirsky Aluminium and Sibneft Oil Company. From October 2003 to February 2007 he held the position of Chairman of the board of directors of Russian Aluminium. Since 2009 Mr Deripaska has been a Director of Basic Element. Since 2013, Mr. Deripaska is a member of the board of directors of Russian Machines LLC. Mr. Deripaska has been the Chairman of the board of directors of JSC AKME Engineering since 2011. From July 2011 to June 2013, Mr. Deripaska was a member of the board of directors of Norilsk Nickel.

Mr. Deripaska was born in the city of Dzerzhinsk in 1968. In 1993, he graduated with honours from the Physics Department of Moscow State University, Lomonosov, and in 1996, he received a degree from Plekhanov Academy of Economics. Mr. Deripaska is vice president of the Russian Union of Industrialists and Entrepreneurs and chairman of the executive board of the Russian National Committee of the International Chamber of Commerce. He is also a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian Government

Philippe Mailfait

Independent Director

Philippe Mailfait has served as a member of the Board of Directors since September 2009 as an Independent Director. Mr. Mailfait also currently acts as an Independent Financial Advisor in Paris, and holds the position of Independent Director at various other companies. Prior to joining the Group, he held different executive positions at Banque Worms and Banque de Geston Privee (Paris), Morgan Grenfell & Co. (London and Paris), Marceau Investissements and Trianon Finance (Paris).

Mr. Mailfait holds a degree in Economics and Finance from Institut d’Etudes Politiques de Paris and an MBA from HEC Montreal, University of Montreal.

Igor Makarov

Non-Executive Director

Igor Makarov has served as a member of the Board of Directors since March 2015. Mr. Makarov has also been serving as Deputy CEO for Legal Affairs at Basic Element since 2012. Prior to this, Mr. Makarov acted as the Chief Legal Officer at RUSAL Global Management B.V.

Throughout the period between 2004 and 2011 he practiced Corporate and Mergers and Acquisitions law as a partner at the international law firm, Jones Day. Prior to that Mr. Makarov held the position of Director, Corporate Legal and Mergers and Acquisitions at TNK-BP Ltd. From 1999 to 2003, he served as the General Counsel of BP Russia.

Mr. Makarov has been a member of the New York Bar Association since 2000. He is a founding member of the Russian Corporate Counsel Association and is an arbitrator of the Arbitration Court of the Russian Union of Industrialists and Entrepreneurs. He also sits on the Investment Board of the Yuri Rozum International Charitable Foundation.

Mr. Makarov holds a Bachelor in Laws degree with honours from MGIMO and a Master of Laws degree from Fordham University, New York.

Olga Mashkovskaya

Non-Executive Director

Olga Mashkovskaya has served as a member of the Board of Directors since October 2012. Ms. Mashkovskaya has been the Deputy Chief Executive Officer for Finance at Basic Element since June 2012. Ms. Mashkovskaya has served as a member of the board of directors of RUSAL since September 2013.

She also served as a member of the board of directors in the following companies: LLC Voenno Promyshlennaya Kompaniya, LLC Glavstroy SPb. From 1997 to 2009, she held various positions at Basic Element, from an accountant to a director of finance for energy assets. Prior to joining Basic Element, Ms. Mashkovskaya spent three years as the Chief Financial Officer of ESN Group.

Ms. Mashkovskaya graduated from the Finance Academy under the Government of the Russian Federation with a degree in International Economic Relations. She also received an Executive MBA from Kingston University (England).

Gulzhan Moldazhanova

Non-Executive Director

Gulzhan Moldazhanova has served as a member of the Board of Directors since June 2012. Ms. Moldazhanova has been the Chief Executive Officer of Basic Element since July 2012. Ms. Moldazhanova has served as a member of the board of directors of RUSAL since June 2012.

Ms. Moldazhanova is a member of the board of directors of Basic Element. From 2009 to 2012, Ms. Moldazhanova was the Chief Executive Officer of ESN Group. From 2004 to 2009, Ms. Moldazhanova was Managing Director, Deputy Chief Executive Officer and Chief Executive Officer of Basic Element. From 2002 to 2003, Ms. Moldazhanova worked as the Deputy General Director for Strategy at RUSAL and from 2000 to 2002, the Head of Sales Department at RUSAL. From 1994 to 1999, Ms. Moldazhanova held various positions in Siberian Aluminium including accountant, financial manager and commercial director.

Ms. Moldazhanova graduated from the Kazakh State University with honours in physics in 1989, received a doctorate from the Moscow State University in 1994 and subsequently graduated from the Russian State Finance Academy. She also holds an EMBA from the Academy of National Economy (Russia) and the University of Antwerp (Belgium).

Riccardo Orcel

Non-Executive Director

Riccardo Orcel has served as a member of the Board of Directors since September 2011. Mr. Orcel joined VTB in 2011 and currently acts as Head of Global Banking, International Organisation, VTB International, and is a member of the boards of VTB, VTB Austria and VTB France. Mr. Orcel has over 30 years of experience in the banking industry, including his time with Bank of America Merrill Lynch, where he was employed for 14 years. His last role there was Head of the Structured Solution Group, Corporate and Investment Banking in Central and Eastern Europe, Middle East and Africa. Previously, Mr. Orcel also worked in Latin America, developing an extensive knowledge of global emerging markets.

Mr. Orcel holds a degree in Economics from University of Rome.

Mr. Orcel has been appointed as a Director under the Shareholders’ Agreement with VTB (as defined below), whereby VTB is entitled to nominate one Director for appointment (see “Principal and Selling Shareholders – Arrangements between the Principal Shareholders and VTB Bank (PJSC)”). It is expected that Mr. Orcel will continue to serve as a Director following the Offering and notwithstanding the termination of the Shareholders’ Agreement with VTB as long as VTB remains a shareholder of the Company under the Forward Sale Agreement.

VTB is a major creditor of the Group and VTB Capital plc, a subsidiary of VTB, also acts as a Joint Global Coordinator and Joint Bookrunner under the Offering, see “Plan of Distribution – Other Relationships”.

Maxim Sokov

Chief Executive Officer, Executive Director

Maxim Sokov has served as a member of the Board of Directors since 2013. Mr. Sokov joined the Company as First Deputy Chief Executive Officer in July 2013 and has been the Chief Executive Officer of the Company since April 2014. Mr. Sokov has served as a member of the board of directors of RUSAL since September 2013. Mr. Sokov is also a member of the board of directors of Norilsk Nickel and EuroSibEnergo plc (a Cypriot intermediate holding subsidiary of the Company).

Prior to joining the Group, Mr. Sokov had worked at RUSAL since 2007, as Head of the Mergers and Acquisitions Department, Head of the Department for Strategic Projects, Director of Investment Management to Norilsk Nickel, Director of Corporate Strategy and Director of Strategic Investment Management. From 2002 to 2004, Maxim Sokov worked as a lawyer for the Moscow Representative Office of Herbert Smith CIS Legal Services.

In 2000, Mr. Sokov graduated with honours from the Russian State Tax Academy under the Russian Ministry of Taxes, majoring in law. Mr. Sokov also graduated from the New York University School of Law in 2002, with a master’s degree.

Anton Vishnevskiy

Non-Executive Director

Anton Vishnevskiy has served as a member of the Board of Directors since December 2011. Mr. Vishnevskiy joined the Group in 1998. From 1998 to 2005, he served as Deputy CFO of Basic Element. Since 2006, Mr. Vishnevskiy has held various management positions in Basic Element group of companies. Currently, he also acts as a Director of B-Finance Ltd., the majority shareholder of the Company.

Mr. Vishnevskiy graduated from the Finance Academy under the Government of the Russian Federation.

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