Management Board
The Management Board is responsible for the implementation of the Company’s goals, strategy and policy and manages the day‑to‑day operations within its remit.
The key objectives of the Management Board:
- To uphold the rights and legitimate interests of the Company’s shareholders
- To prepare suggestions on the Development Strategy of the Company
- To implement the financial and economic policy of the Company, draw up decisions on the major issues related to its current economic operations and coordinating the operation of its departments
- To increase the efficiency of the internal control and risk monitoring systems
- To ensure a high level of income from the Company’s assets and the maximum profit from the Company’s operations
Relations of the Board of Directors and Management Board of the Company
- The Board of Directors elects the members of the Management Board, establishes the remuneration and compensation paid to them, monitors the compliance of the Management Board’s activities with the Company’s approved strategy, and hears the Management Board’s progress reports on the Company’s approved strategy.
- The Management Board develops and submits prospective plans for the implementation of the Company’s core activities, business plan, annual report, follow‑up report on how the Management Board fulfils the resolutions of the General Meeting of Shareholders and the Board of Directors.
The Company’s Management Board acts in compliance with the Articles of Association and the Regulations on the Management BoardThe Regulations on the Management Board of the Company is published on the Company’s website in the HYPERLINK About the Company / Constitutive and Internal Documents section. approved by the resolution of the General Meeting of the Shareholders.
Composition of the Management Board
In the reporting year, the Management Board consisted of seven members.
During the reporting year, the composition of the Company’s Management Board underwent the following changes due to personnel movements:
- due to early termination of powers of the Acting General Director, Boris Ebzeev ceased to be the Chairman of the Management Board of the Company
- in connection with the appointment of Alexey Rybin as Acting General Director, he became Chairman of the Management Board of the Company
- authorities of Yulia Galinova, a member of the Management Board, were terminated
- Oleg Musinov was elected as a member of the Management Board
Current membership of the Management Board as at the end of the reporting year
| Year of birth | 1972 | ||
| Education | Higher. Graduated from: Zhukovsky Kharkov Aviation Institute, major in aviation engines and power plants, mechanical engineer Rostov State University, major in legal studies, lawyer National Research University MPEI, with major in power engineering and electrical engineering, Master’s degree Additional education: Russian Presidential Academy of National Economy and Public Administration, professional retraining programme Executive Master of Business Administration: Strategic Management and Leadership, Master of Business Administration (MBA) | ||
| Information on employment of a Chairman of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2012 | 2021 | Rosseti South PJSC | Deputy General Director for Economics and Finance |
| 2013 | present time | Member of the Management Board | |
| 2021 | 2024 | Deputy General Director – Director of the Volgogradenergo branch of Rosseti South PJSC | |
| 2025 | VMES JSC | General Director (part‑time) | |
| 2018 | present time | VMES JSC | Member of the Board of Directors |
| 2024 | present time | Rosseti South PJSC | Chairman of the Management Board, General Director |
| Rosseti Kuban JSC | Chairman of the Management Board, Acting General Director (part‑time) | ||
| Date of assuming the position of the Chairman of the Company’s Management Board | 28 December 2024 | ||
| Year of birth | 1984 | ||
| Education | Higher. Graduated from: Kuban State Agrarian University, major in electrification and automation, engineer Moscow Institute of Entrepreneurship and Law, with major in organisation management, manager Additional education: Bauman Moscow State Technical University, major in management with professional status of organisation controlling Kuban State University, with major in legal studies: civil law relations Russian Presidential Academy of National Economy and Public Administration on the MBA programme – Top Manager, major in management | ||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2009 | present time | Rosseti Kuban JSC | First Deputy General Director — Director of Sochi Power Grids Branch |
| 2016 | Energoservice Kuban JSC | Chairman of the Board of Directors | |
| Date of election to the Management Board | 28 August 2014 | ||
| Year of birth | 1981 | ||
| Education | Higher. Graduated from: Kuban Institute of International Business and Management, major in finance and credit, economist Kuban State Agrarian University, Bachelor’s degree in agro‑engineering | ||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2014 | present time | Rosseti South PJSC | Deputy General Director — Head of the Office |
| 2016 | Member of the Management Board | ||
| 2016 | Energetik Recreation Facility JSC | Chairman of the Board of Directors | |
| 2017 | Rosseti South PJSC | Director of Kubanenergo branch (part‑time) | |
| 2018 | ERA of Russia Association | Member of the Supervisory Board | |
| 2021 | Rosseti Kuban JSC | Deputy General Director — Head of the Office (part‑time) | |
| Date of election to the Management Board | 30 June 2021 | ||
| Year of birth | 1985 | |||
| Education | Higher. Graduated from: University of Indianapolis (Indiana, USA), major in economics and finance International College (Intercollege, Republic of Cyprus), major in management South Russian State University of Economics and Service, Master’s degree in management Additional education: MGIMO (University) of the Ministry of Foreign Affairs of the Russian Federation, MBA programme on Management and Regulation of Economic Activity in the International Power Industry, Master of Business Administration | |||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | ||||
| Period | Organisation | Position | ||
| from | to | |||
| 2016 | 2021 | Rosseti South PJSC | Head of the Department of Economics | |
| 2017 | present time | Energetik Recreation Facility JSC | Member of the Board of Directors | |
| 2021 | Sokolovskoye Agricultural Enterprise JSC | Chairman, member of the Board of Directors | ||
| 2019 | 2021 | YugStroyMontazh LLC | Member of the Board of Directors | |
| 2021 | present time | Rosseti South PJSC | Deputy General Director for Economics and Finance, member of the Management Board | |
| 2021 | Rosseti Kuban PJSC | Assistant General Director, Acting Deputy General Director for Economics and Finance (part‑time) | ||
| present time | Rosseti Kuban JSC | Deputy General Director for Economics and Finance (part‑time), member of the Strategy Committee of the Board of Directors | ||
| Date of election to the Management Board | 30 September 2021 | |||
| Year of birth | 1977 | ||
| Education | Higher. Graduated from Serikbayev East Kazakhstan Technical University, major in instrumentation, electrical engineer | ||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2020 | present time | Rosseti Kuban JSC | Deputy General Director for Investments |
| Energoservice Kuban JSC | Member of the Board of Directors | ||
| Date of election to the Management Board | 27 August 2020 | ||
| Year of birth | 1982 | ||
| Education | Higher. Graduated from: South Russian State Technical University (Novocherkassk Polytechnic Institute), major in electrical systems and grids, engineer Trubilin Kuban State Agrarian University, Master’s degree in state and municipal management Additional education: South Russian State Technical University (Novocherkassk Polytechnic Institute), major in safety of technological processes and productions in power engineering and power supply Bauman Moscow State Technical University, professional retraining in the Management programme ANO Retraining Centre Informzaschita, professional retraining in Information Security. Security of restricted‑access information that does not contain information constituting a state secret using cryptographic and non‑cryptographic methods | ||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2020 | 2021 | Southern Energy Company LLC | Executive director |
| 2022 | 2022 | Rosseti Kuban PJSC | Assistant General Director of Business Administration in the Department of Business Administration, Acting Deputy General Director for Technical Affairs — Chief Engineer |
| present time | Rosseti Kuban JSC | Deputy General Director for Technical Affairs — Chief Engineer, member of the Reliability Committee of the Board of Directors | |
| Energoservice Kuban JSC | Member of the Board of Directors | ||
| Date of election to the Management Board | 11 October 2022 | ||
| Year of birth | 1972 | ||
| Education | Higher. Graduated from: Khabarovsk State Academy of Economics and Law, major in legal studies, lawyer Don State Agrarian University, major in power engineering and electrical engineering, Master’s degree Additional education: Volgograd State University — professional retraining of managerial personnel for the national economy of the Russian Federation in management, type B MGIMO (University) of the Ministry of Foreign Affairs of the Russian Federation, Executive MBA programme, Master of Business Administration (MBA) | ||
| Information on employment of a member of the Management Board and on participation in governing bodies of other organisations over the last five years: | |||
| Period | Organisation | Position | |
| from | to | ||
| 2014 | present time | Rosseti South PJSC | Deputy General Director for Legal and Corporate Governance |
| 2018 | present time | VMES JSC | Member of the Board of Directors |
| 2019 | present time | Rosseti South PJSC | Member of the Management Board |
| 2021 | 2022 | Rosseti Kuban PJSC | Assistant to the General Director (part‑time) |
| 2024 | present time | Rosseti Kuban JSC | Deputy General Director for Corporate Governance (part‑time) |
| Date of election to the Management Board | 25 October 2024 | ||
None of the Management Board members held any positions in the governing bodies of any commercial organisations when bankruptcy procedures were initiated and/or implemented against these companies as specified by the insolvency (bankruptcy) laws of the Russian Federation.
None of the Company’s Management Board:
- Owned the Company shares or closed transactions with them during the reporting yearAccording to the data provided to the Company by the Management Board members.
- Made any transactions with the Company in the reporting year
- Received any loans (credits) from the Company
- Had family ties with people who are members of the bodies that manage and/or control the financial and economic activities of the Company
- Was held administratively liable for financial improprieties, offence regarding tax and fees or security market, or had any criminal record for economic crimes or crimes against the state
- Had any conflicts of interest with the Company
Performance of the Management Board
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Number of meetings held | 46 | 43 | 53 |
| In person | – | – | – |
| Number of issues discussed | 215 | 191 | 187 |
The Management Board meetings in the reporting year were conducted according to its work plans and at the initiative of the Chairman of the Management Board.