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23 FEBRUARY 2018 AL CIRCLE

UC RUSAL appoints new CEO and President following sudden exit of Oleg Deripaska from his post

EDITED BY : BEETHIKA BISWAS 2MINS READ

President of Rusal and En+ Group Oleg Deripaska has stepped down from his post and Vladislav Soloviev, the previous CEO of Rusal has been appointed as the CEO of En+ and the President of RUSAL.  Alexandra Bouriko, previously Chief Financial Officer of RUSAL will take up the position of the Chief Executive Officer of RUSAL.

As CEO, Alexandra Bouriko’s focus will be on the Company’s long-term development, through implementation of RUSAL’s facilities efficiency programme as well as the introduction of modern technologies, designed to cut down the environmental footprint. She will also drive the output growth of value-added products, which is the current focus of the company. Development of the domestic market and continued expansion of aluminium applications cross-sector would be her other areas of responsibility.

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The press release from Rusal states that Alexandra Bouriko’s previous experience in the Company alongside her solid knowledge of the industry will allow RUSAL to deliver value growth for all shareholders and the executive changes will bring additional synergies to the Metals and Energy segments of the En+ Group.

Alexandra Bouriko has been RUSAL’s CFO since October 2013. From June to October 2013 Alexandra Bouriko served on the board of UC RUSAL. From November 2012 to October 2013 Alexandra Bouriko had been Deputy CEO of En+ and was responsible for En+ Group’s operational management. With her appointment Bouriko would join a very small group of high-level women executives in the metal and mining sector. 

The local Russian media is rippled with rumoured reports of a potential clash of interest between Deripaska and Vladimir Potanin over the shares in Norilsk Nickel and landing on the US Treasury Department’s "Kremlin List" behind the exit of Deripaska. However, no official statements have been issued on that.


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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