OREANDA-NEWS. April 22, 2013. OJSC MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company) announces introduction of a new corporate structure and new senior appointment to the management team.

In the first quarter of 2013 the Company completed a comprehensive strategic review of its corporate structure with the purpose of ensuring its full alignment with the best international practices and enhancing the organisational focus on economic efficiency of the business. The new structure, that was approved today by Vladimir Potanin, the General Director of Norilsk Nickel, aims to strengthen the system of investment governance and project management within the organisation, flatten the organisational structure, enhance the development of cross-functional, project-centered competences and nurture the culture of efficiency and accountability throughout the Company.

In order to fully reflect these principles in its new corporate structure, the Company will Create a dedicated strategy and business development corporate function under the management of a newly appointed Deputy General Director of the Company Pavel Fedorov. His main areas of responsibility will include rebalancing of the corporate development strategy to ensure the sustainable growth of capitalisation of the business, enhancing the system of investment governance, increasing the efficiency of the Company’s global marketing and sales business, as well as implementation of other strategic initiatives. Prior to joining Norilsk Nickel Pavel Fedorov served as Deputy Minister of Energy in the Government of Russian Federation responsible for the oil and gas sectors and restructuring of the industry tax system. In 2010-2012 Pavel Fedorov was the First Vice-President of Rosneft Oil Company, where he oversaw Finance, Economics and Strategy of the Company. In 1997-2009 Pavel Fedorov worked as an investment banker at Morgan Stanley and UBS.

Strengthen its dialogue with the investment community and government authorities that will be achieved with the appointment of Andrey Bougrov to the position of Deputy General Director. Mr. Bougrov will aim to continue the effective dialogue with the Company’s key shareholders and government authorities given the high priority of social and environmental policies in the Company’s development strategy. Andrey Bougrov is one of the most experienced and reputable Russian managers with deep knowledge of the Company as he served as a member of the Board of Directors since 2002 and as a Chairman of the Board of Directors since June, 2011 till March, 2013.  Currently he is a Deputy Chairman of the Board of Directors.

Improve the efficiency of its energy business and rationalise шеы non-core assets by appointing Onik Aznauryan to the position of Deputy General Director.  Prior to Norilsk Nickel Onik Aznauryan was the CEO of Energostroyinvest-Holding, one of the largest contractors in the Russia’s power sector. Onik Aznauryan has more than a 20-year experience in the private sector turning around companies’ in key segments of Russia’s economy.

Members of the Board of Directors of MMC Norilsk Nickel will receive the proposals to make relevant changes in the composition of the Company’s Management Board.

NOTES TO THE EDITORS:
Curriculum Vitae
Pavel Sergeevich Fedorov
Born in 1974
Education:
1995  - graduated from Novosibirsk State University.
1998 - received a Master's degree of the University of Washington.
Professional activities:
1998 - 2005 - Executive Director, Vice President, Morgan Stanley (London).
2006 - 2007 - Managing Director, UBS (Moscow).
2007 - 2010 - Managing Director and Senior Advisor, Morgan Stanley (Moscow).
2010 2012 - First Vice-President, of OJSC NK Rosneft for Finance and Strategy
2012 - 2013 - Deputy Minister of Energy of the Russian Federation

Andrey Evgenyevich Bougrov
Born in 1952
Education:
Graduated from the Moscow State Institute of International Relations, majoring in International Economic Relations. Candidate of Economic Sciences.
Professional activities:
1977 - 1991 -  Ministry of Foreign Affairs of the USSR.
1991 - 1993 - Advisor to  President, European Bank for Reconstruction and Development.
1993 - 2002 - Executive Director of the Russian Federation in the World Bank Group - MBRD, International Finance Corporation, Multilateral Investment Guarantee Agency.
2002 - 2010 - Deputy Director General, Director of the Investment Department of HC Interros.
At various times, member of the Board of Directors of Power Machines, Rosbank, Russian Utility Systems, RAO UES of Russia, ProfMedia, TGK-1, OGK-3 and other major Russian and international companies.
Since 2002 -  member of the Board of Directors of MMC Norilsk Nickel. Since June, 2011 till March, 2013 – Chairman  of the Board of Directors, currently - Deputy Chairman of the Board.
Member of  Foreign and Defense Policy Council.
Member of the Business Council of the Ministry of Foreign Affairs.
Member of the Management Board of the Russian Union of Industrialists and Entrepreneurs.
Member of the Expert Council for Corporate Governance of the FFMS of Russia

Onik Erikovich Aznauryan
Born in 1970
Education:
1992 - graduated from Yerevan State Polytechnic University, majoring in Automatic Control Systems
2000  - a degree of Master of Business Administration at Pittsburgh University, USA.
Professional activities:
Started his career in 1990 as deputy director for economy of SINA joint venture.
1995 - 2006 ROSH GROUP International investment fund, from the position of the project manager to senior vice-president for business development.
Since 2006 - General Director of MC LITER management company, construction projects and  warehousing and transportation logistics facilities management.
Since 2009 – Vice-President, Member of the Management Board, Head of the President's Office of Rosgosstrakh.
Since 2010, combined the position in Rosgosstrakh with the position of General Director of OJSC North Port.
2012 - 2013 - General Director of OJSC Energostroyinvest Holding.