BOARD OF DIRECTORS

The Board of Directors performs the general management of the Company. The Board of Directors’ activities are subject to the Regulation on the Board of DirectorsApproved by the resolution of INTECO’s sole shareholder dated 23 November 2020..

Board meetings can be held in the form of joint presence or absentee voting (by way of a poll). In 2020, the Board of Directors held 24 meetings, 75% of them in-person.

No committees of the Board of Directors were established.

KEY AGENDA ITEMS DISCUSSED BY THE BOARD OF DIRECTORS IN 2020

  1. Defining the Company’s business priorities, strategies and development programmes, including:
    • Approval of adjustments to INTECO’s development strategy.
    • Approval of INTECO’s top management performance report for 2019
    • Preliminary approval of KPIs for 2020
    • Adjustments to INTECO’s organisational structure
    • Preliminary review of the 2021 budget
    • Review of the reports, including the 1H 2020 business plan delivery report
    • Approval of the audit fee, selecting the external auditor under the Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS) for 2020
    • Approval of the Annual Report and the annual accounting statements of JSC INTECO for 2019
  2. Establishing the Company’s governance bodies:
    • Electing the Chairman of the Board of Directors
    • Electing the Vice Chairman of the Board of Directors
    • Electing the Secretary of the Board of Directors
  3. Approval of transactions related to entering into new investment projects.
  4. Establishment of subsidiaries.
  5. Approval of gratuitous transactions.
  6. Approval of credit and loan agreements, suretyship agreements, pledge agreements and general contractor agreements.
  7. Determining the Company’s position on the approval of credit and loan agreements, suretyship agreements and pledge agreements signed by subsidiaries.

MEMBERS OF INTECO’S BOARD OF DIRECTORS IN 2020

Throughout 2020, the Company had two Boards of Directors. Until 5 November, it included six members. On 5 November, the sole shareholder made a decision to expand the Board to seven directors.

Composition of INTECO’s Board of Directors in 2020
27 November 2019 — 05 November 2020 (re-elected on 20 August 2020) 5 November 2020 — 31 December 2020
Alexander Sokolov (Chairman of the Board) Alexander Sokolov (Chairman of the Board)
Dmitry Vareshin Dmitry Vareshin
Andrey Datsenko Andrey Datsenko
Evgeny Malygin Evgeny Malygin
Alexander Menshchikov Alexander Menshchikov
Alexander Nikolaev (President) Alexander Nikolaev (President)
Sergey Riabokobylko (Independent Director)

In 2020, Board members did not hold Company shares or execute any transactions involving the acquisition or disposal of the said shares.

SHORT BIOGRAPHIES OF MEMBERS OF THE BOARD OF DIRECTORS

Alexander Sokolov (Chairman of the Board of Directors)

Born in 1979

Education: Tsiolkovsky Russian State Technological University (a degree in Economics and Enterprise Management)

Professional experience:

  • 2008–2017 — Director, Risk Analysis Department, VTB24.
  • 2014–2017 — Member of the Management Board, VTB24.
  • 2014–2017 — Member of the Supervisory Board, Pochta Bank.
  • 2016–2017 — Chairman of the Supervisory Board, Dolgovoy Tsentr.
  • 2017–2018 — Member of the Supervisory Board, Rosgosstrakh.
  • 2017–2018 — Acting Chairman of the Management Board, Bank Otkritie Financial Corporation.
  • 2018–2019 — Head of Risk and Collection, Bank Otkritie Financial Corporation.
  • 2018–2019 — Chairman of the Supervisory Board, AVTOVAZBANK.
  • 2018 — present — President — Chairman of the Management Board, National Bank TRUST.
Positions held in 2020
Organisation Position
INTECO Chairman of the Board of Directors
Bank TRUST President — Chairman of the Management Board, Member of the Supervisory Board
Bank Otkritie Financial Corporation (between 15 May 2019 and 19 June 2020) Head of the First Division
Research and Production Corporation United Wagon Company Member of the Board of Directors, Chairman of the Board of Directors
VTB Bank Member of the Supervisory Board

Dmitry Vareshin

Born in 1981

Education: Admiral Ushakov Baltic Naval Institute, Moscow State University of Technology and Management.

Professional experience:

  • 2013–2018 — Deputy Chairman of the Management Board, National Bank TRUST.
  • 2018 — present — Director, Financial Department, and Vice President, PJSC Bank TRUST.
Positions held in 2020
Organisation Position
INTECO Member of the Board of Directors
TRUST SM Member of the Board of Directors
Bank TRUST Director of the Financial Department, Vice President

Andrey Datsenko

Born in 1961

Education: Moscow State Institute of International Relations of the USSR Ministry of Foreign Affairs (a degree in International Economic Relations and foreign language skills)

Professional experience:

  • 2010–2019 — General Director, Sberbank Investments.
  • 2019 — present — Senior Vice President, Deputy Head of the Corporate and Investment Business Unit, Bank Otkritie Financial Corporation.
Positions held in 2020
Organisation Position
Bank Otkritie Financial Corporation Senior Vice President, Deputy Head of the Corporate and Investment Business Unit
INTECO Member of the Board of Directors

Evgeny Malygin

Born in 1982

Education: Lomonosov Moscow State University (a degree in Law), Financial University under the Government of the Russian Federation (a degree in Finance and Credit), London Business School (Executive Development Programme)

Professional experience:

  • 2015 — Director, Head of Legal, Invest AG.
  • 2016 — present — Director, Sberbank Investments (General Director since 2019).
Positions held in 2020
Organisation Position
INTECO Member of the Board of Directors
Sberbank Investments General Director, Member of the Board of Directors
Sadovoye Koltso Chairman of the Board of Directors
Telecom-5 Chairman of the Board of Directors
Krasnaya Polyana Member of the Board of Directors
Sberbank Investments Limited Deputy Director
Contsern Group Member of the Board of Directors
Verkhnekamsk Potash Company Member of the Board of Directors
Voskhod Capital S.a.r.l Director
Chizhov Gallery Member of the Board of Directors
Prime Shipping Holding Member of the Board of Directors
Garant Servis Member of the Board of Directors
Gzhel Management Company Member of the Board of Directors
Mosstroyvozrozhdeniye Member of the Board of Directors

Alexander Menshchikov

Born in 1981

Education: Higher School of Economics (a degree in Financial and Banking Law)

Professional experience:

  • 2011–2018 — Deputy Chairman of the Government of the Tver Region
  • 2018–2019 — Head of Torzhok Administration (Tver Region)
  • 2019 — present — Member of the Board of Directors, Rostagro Management Company.
  • 2019 — present — Managing Director, Director of Special Projects Department No. 4, PJSC Bank TRUST
Positions held in 2020
Organisation Position
INTECO Member of the Board of Directors
Bank TRUST Managing Director
TRUST SM Chairman of the Board of Directors
Rostagro Management Company Member of the Board of Directors
PK Sevkabel Chairman of the Board of Directors
Rosskat Chairman of the Board of Directors

Alexander Nikolaev (President)

Born in 1975

Education: Moscow State Institute of International Relations (a degree in International Law)

Professional experience:

  • 2003–2018 — Managing Director Russia/CIS, Valartis Group AG; Member of the Investment Committee, Eastern Property Holdings Ltd.
  • June 2018 — present — President, INTECO
  • 2020 — present — Member of the Public Council, Ministry of Construction, Housing and Utilities of the Russian Federation
Positions held in 2020
Organisation Position
INTECO President, Member of the Board of Directors

Sergey Riabokobylko

Independent Director

Born in 1971

Education: Moscow State Linguistic University (summa cum laude), Pomona College, California, USA (international relations and literature), Commercial Investment Real Estate Institute, Chicago, USA (real estate finance), INSEAD, Fontainebleau, France (executive management and corporate governance), Jackson Institute for Global Affairs, Yale University, USA (Programme in Grand Strategy)

Fellow of the Royal Institution of Chartered Surveyors (FRICS), Vice Chairman of the American Chamber of Commerce in Russia (AmCham Russia), member of Urban Land Institute, member of the Presidium of the Russian Council of Shopping Centres (RCSC)

Professional experience:

  • Executive Partner, General Director, Cushman & Wakefield, a co-founder of Cushman & Wakefield Russia
  • 1 June 2012 — present — General Director, Cushman & Wakefield
  • November 2020 — present — Member of the Board of Directors, INTECO
Positions held in 2020
Organisation Position
INTECO Member of the Board of Directors
Cushman & Wakefield General Director

EVENTS AFTER THE REPORTING DATE

INTECO consistently works to improve its corporate governance practices and seeks to diversify its Board of Directors in terms of gender, competencies and experience. In line with that approach, the Company welcomed Regina von Flemming on the Board of Directors in 2021. She has a 25-year-long track record in business development, strategic planning, organisational development and digital transformation across various industries.

Regina von Flemming

Independent Director

Born in 1965

Education: Sciences Po, Paris, France, German Development Institute (a postgraduate programme), Free University of Berlin, Germany (a degree in Political Sciences), INSEAD, Fontainebleau, France (research assistant)

Professional experience:

  • June 2015 — present — Member of the Supervisory Board, MTS (Moscow)
  • 2016–2019 — Member of the Board of Directors, Wirtschaftsforum
  • 2016 — present — Member of the Board of Trustees, German-Russian Forum (Berlin)
  • 2016 — present — Member of the Board of Trustees, Jewish Museum and Tolerance Centre
  • 2017–2018 — Senior Advisor, Hürriyet Group (Turkey)
  • 2017–2018 — Member of the Board of Directors, Pronto Media Holding
  • 2017 — present — Member of the Supervisory Board, Trade East Media
  • June 2018 — present — Member of the Management Board and Head of the Compliance and Social Responsibility Committee, Russian-German Chamber of Commerce
  • 2018–2020 — Senior Advisor to the President, Accenture Russia
  • 2020 — Member of the Board of Directors (independent director), Chair of the Nomination and Remuneration Committee, Member of the Audit Committee at Chelyabinsk Pipe Plant
  • March 2020 — present — Chair of the Audit Committee under the Supervisory Board, Member of the Supervisory Board for Ecology, Social Responsibility and Corporate Governance, Sovcombank.
  • March 2020 — present — Marketing Director, Weinstube
  • April 2021 — present — Member of the Board of Directors, INTECO

REMUNERATION OF THE BOARD OF DIRECTORS

In accordance with the Regulation on Remuneration and Compensations for JSC INTECO’s Board of Directors dated 23 November 2020, the base remuneration of the Board of Directors for 2020–2021 corporate year is set at RUB 6 million. In 2020, INTECO’s independent directors received RUB 0.7 million.