Members of ALROSA Supervisory Board voted to re-elect Anton Siluanov, Minister of Finance of the Russian Federation, as Chairman of the Supervisory Board, the company announced in a press release last Friday. Siluanov has been a member of the Supervisory Board since 2014 and Chairman since 2015. He is also Chairman of the Supervisory Council of VTB Bank, member of the Board of Directors of Russian Export Center, the Board of Governors of the New Development Bank and a long list of other appointments. Yegor Borisov, Head of the Republic of Sakha (Yakutia), was elected as First Deputy Chairman of the Supervisory Board. Alexander Galushka, Minister for the Development of the Russian Far East, remains as Deputy Chairman of the Supervisory Board.
Supervisory Board Committees are formed with new chairpersons. The Strategic Planning Committee Chairman is ALROSA President Sergey Ivanov. Maria Gordon heads the Audit Committee, Valentina Lemesheva – the HR & Remunerations Committee. ALROSA General Meeting of Shareholders elected the new Supervisory Board on June 30, 2017. The Supervisory Board has fifteen members, four of which are independent members. The Supervisory Board of PJSC ALROSA exercises general control over the Company’s operations. The Company’s sustainable development, strategy development and control over compliance with corporate governance principles, including protection of interests of all shareholders, independently of their share in the Company’s authorized capital, employees and partners of the Company, timely and full disclosure of information and business transparency are the responsibility and fall within the competence of the Supervisory Board.