Information on the Management Board members As at December 31, 2018

Chairman of the Management Board – General Director


Born in 1951

Education, academic degree, academic rank:

Sergo Ordzhonikidze Novocherkassk Polytechnic Institute awarded the Order of the Red Banner of Labor; holds a PhD in Engineering

Experience over the last 5 years:
  • 2015—present: Chairman of the Management Board — General Director of RusHydro
  • 2009–2015: First Deputy Chairman of the Management Board of JSC SO UES
t website. Positions held in collective governing bodies as of December 31,2018:
  • member of the Board of Directors of Global Sustainable Energy Partnership
  • member of the Board of Directors at Rosseti
  • Chairman of the Supervisory Board of Association Hydropower of Russia
  • member of the Supervisory Board of the Market Council Non-Profit Partnership
  • member of the Executive Board of the Russian Union of Industrialists and Entrepreneurs (RSPP)
  • member of the Board of Trustees of the National Research University Moscow Power Engineering Institute
  • Deputy Chairman of the Supervisory Board of NP Scientific and Technical Council of the Unified Energy System
Year of election to the Management Board: 2015
t website. Participation in the Board of Directors’ committees:

Strategy Committee of the Board of Directors of RusHydro (until August 7, 2018)

Member of the Management Board, First Deputy General Director – Chief Engineer


Supervised units:

Production unit

Born in 1952

Education, academic degree, academic rank:

Graduated from Saratov State Technical University with a degree in Mechanical Engineering; Graduated from Russian Presidential Academy of National Economy and Public Administration with a degree in Management of Business / Organization Development

Experience over the last 5 years:
  • 2009–present: Managing Director, Head of Business Unit ”Production”; member of the Management Board; member of the Management Board – Chief Engineer; member of the Management Board, First Deputy General Director – Chief Engineer
t website. Positions held in collective governing bodies as of December 31,2018:
  • member of the Supervisory Board of Association Hydropower of Russia
  • member of the Board of Trustees of Soprichastnost charitable fund
  • member of the Board of Directors of JSC Hydroproject Institute
Year of election to the Management Board: 2010
t website. Participation in the Board of Directors’ committees:

Committee on Reliability, Energy Efficiency and Innovation of the Board of Directors of RusHydro

Member of the Management Board, First Deputy General Director


Supervised units:

Unit of financial and corporate law management

Born in 1980

Education, academic degree, academic rank:

Graduated from Saint Petersburg State University of Engineering and Economics with a degree in Economics and Management at Mechanical Engineering Enterprises;

Has an MBA from the University of Wisconsin-Madison, USA

Experience over the last 5 years:
  • 2015—present: Advisor for the Chairman of the Management Board — General Director; member of the Management Board and First Deputy General Director of RusHydro
  • 2012–2015: First Deputy Chairman of the Management Board, Deputy Chairman of the Management Board of PJSC FGC UES
t website. Positions held in collective governing bodies as of December 31,2018:
  • Chairman of the Board of Directors at JSC RAO ES East
  • member of the Board of Directors of JSC Hydroproject Institute
  • member of the Board of Directors at JSC Far East Energy Management Company
Year of election to the Management Board: 2016
t website. Participation in the Board of Directors’ committees:

Committee on Energy Development of the Far East of the Board of Directors of RusHydro, Investment Committee of the Board of Directors of RusHydro, Strategy Committee of the Board of Directors of RusHydro and Committee on Reliability, Energy Efficiency and Innovation of the Board of Directors of PJSC ROSSETI

Member of the Management Board, First Deputy General Director


Supervised units:

Unit of sales, economic planning and investments

Born in 1976

Education, academic degree, academic rank:

Graduated from Perm State Agro-Technological University with a degree in Economics and Agricultural Production Management; Graduated from the Regional Interdisciplinary Retraining Center of Perm National Research Polytechnic University with a degree in Economics and Management

Experience over the last 5 years:
  • 2010–present: Director of Economic Affairs; Deputy General Director on Economics, Investment and Procurement, member of the Management Board and First Deputy General Director
  • 2010–2014: General Director of LLC RusHydro IT Service
t website. Positions held in collective governing bodies as of December 31,2018:
  • member of the Board of Directors of JSC Hydroproject Institute
Year of election to the Management Board: 2015

Member of the Management Board, First Deputy General Director


Supervised units:

Strategy and innovation unit

Born in 1981

Education, academic degree, academic rank:

Graduated from Moscow State University with a degree in Economics; holds a PhD in Economics

Professional experience over the last five years:
  • 2009–present: member of the Management Board and Deputy Chairman of the Management Board; member of the Management Board and First Deputy General Director of RusHydro
  • 2016–present: Chairman of the Management Board of the Moscow State University Faculty of Economics Development Fund
t website. Positions held in collective governing bodies:
  • member of the Board of Trustees of Moscow State University Faculty of Economics
  • member of the Board of Trustees of Soprichastnost charitable fund
  • member of the Board of Directors of JSC Hydroproject Institute
Year of election to the Management Board: 2009
t website. Participation in the Board of Directors’ committees:

Committee on Reliability, Energy Efficiency and Innovation of the Board of Directors of RusHydro, Strategy Committee of the Board of Directors of RusHydro and Strategy Committee the Board of Directors of Rosseti

Member of the Management Board, First Deputy General Director


Supervised units:

Administrative unit

Born in 1956

Education, academic degree, academic rank:

Graduated from Moscow State University with a degree in Journalism;

Graduated from the Institute of Economics and Culture with a degree in Law

Professional experience over the last five years:
  • 2011–2016: Head of Media Relations Directorate of the Investigative Committee of Russia
  • 2016: First Deputy General Director; member of the Management Board and First Deputy General Director of RusHydro
Positions held in collective governing bodies:
  • Head of Security and Fan Relations Committee of Football Union of Russia
Year of election to the Management Board: 2017

Changes in the Management Board composition after the reporting date

Member of the Management Board, Deputy General Director


Supervised units:

Resources and future development unit

Born in 1978

Education, academic degree, academic rank:

Graduated from Saint Petersburg State University with a degree in Law

Professional experience over the last five years:
  • 2014: Deputy Director for Business Development, LLC Vita-X
  • 2014–2015: Advisor to the First Deputy President – Chairman of the Management Board – Vice President, Department for work with clients of market sectors, PJSC VTB Bank
  • 2015–present: Deputy General Director on Economics, Investment and Procurement, Deputy General Director for Resources and Prospective Development, member of the Management Board, Deputy General Director at RusHydro
Year of election to the Management Board: 2019
t website. Participation in the Board of Directors’ committees:

Investment Committee of the Board of Directors of RusHydro

Additional information on the members of the Management Board

In the reporting period, RusHydro’s executive bodies had no conflict of interest (including participation in the governing bodies of the Company’s competitors).

No decisions on the early termination of powers of the Management Board members were made in the reporting period. Nikolay Shulginov’s appointment terminates on September 14, 2020, in accordance with his employment contract. Other RusHydro’s Management Board members have no fxed terms of appointment.

In the reporting period, members of the Management Board received no loans from the Company or RusHydro Group.

Boris Bogush (the Management Board member) holds 0.003843% of RusHydro’s ordinary shares.

George Rizhinashvili (the Management Board member) no longer holds 0.01286% of RusHydro’s ordinary shares. These material facts are disclosed on the Company’s website and website.