Annual Report 2013

Management Board

The Management Board is the collective executive body of IDGC of Centre that performs the day-to-day administration of the Company

The Management Board of IDGC of Centre went through significant changes in 2013: authorities of several members to the Management Board, i.e. of Konstantin Viktorovich Orlov, Dmitry Alexandrovich Andryushin, Rustem Leronovich Nabiullin were terminated in February- March 2013; Yulia Eduardovna Sharkova, who had held the position of Deputy General Director for Development and Service Provision, was elected a new member to the Management Board.

Deputy General Director for Capital Construction Igor Viktorovich Maksimov was elected to the Management Board in May 2013 and Deputy General Director for Economics and Finance Sergey Yuryevich Rumyantsev was elected to the Management Board in June.

In November 2013, the Board of Directors terminated the authorities of the member of the Management Board Yulia Eduardovna Sharkova and elected First Deputy General Director of IDGC of Centre Artem Yevgenyevich Kuranov to the Management Board.

IDGC of Centre members of the Management Board did not hold shares of the Company or its subsidiaries in the reporting year, and did not execute any transactions with the Company’s shares to purchase or dispose of such shares. No claims were filed against the members of the Management Board since the Company has been in operation, including in 2013.

Members to the Company’s Management Board do not hold positions in other companies that compete with the Company. There was no conflict of interests in 2013.

For details on the members to the Management Board, please visit our
corporate website.

The Company’s Management Board held 40 meetings in 2013 and discussed over 170 matters. Apart from the daily management of the Company, a large number of matters discussed involved recommendations to the Board of Directors on various issues, recommendations on key business priorities, quarterly review of reports submitted by the Deputy General Directors, and matters pertaining to the management of subsidiaries of the Company.

THE MANAGEMENT BOARD OF IDGC OF CENTRE AS OF DECEMBER 31, 201316:

Oleg Yuryevich Isayev
Elected to the Management Board on
December 11, 2012
Chairman of the Management Board, General Director, IDGC of Centre
Born in 1969, Russian citizen.
Graduating from the Military Institute holding the Order of the Red Banner at the USSR Ministry of Defense with a law degree and the Russian Public Administration Academy under the President of the Russian Federation in 2004 with a degree in public administration. Doctor of Law and a doctoral student at the Russian Research Institute under the Ministry of Internal Affairs.
Ivan Petrovich Kleimenov
Elected to the Management Board on
February 15, 2010
Deputy General Director – Branch Director, IDGC of Centre, Voronezhenergo
Born in 1960, Russian citizen.
Graduated from the Volgograd Agricultural Institute in 1989 and 1987 with degrees in economics and electrical engineering.
Artem Yevgenyevich Kuranov
Elected to the Management Board on
November 28, 2013
First Deputy General Director, IDGC of Centre
Born in 1976, Russian citizen.
Graduated from the Moscow State Industrial University in 1997 with a law degree and the Academy of National Economy under the Government of the Russian Federation in 1998 with a degree in international business. Doctor of Economics.
Igor Viktorovich Maksimov
Elected to the Management Board on
May 15, 2013
Deputy General Director for Capital Construction and Investment, IDGC of Centre
Born in 1959, Russian citizen.
Completed his higher education at the higher technical educational institution (factory) under the Likhachev Moscow Automobile Factory in 1985 with a degree in metallurgical engineering; completed an educational program at the Lomonosov Moscow State Academy of Fine Chemical Technology in 2007 with a degree in economy and business management and at the Gubkin Russian State University of Oil and Gas in 2009 with a degree in engineering. Doctor of Economics.
Sergey Yuryevich Rumyantsev
Elected to the Management Board on
June 10, 2013
Deputy General Director for Economics and Finance, IDGC of Centre
Born in 1956, Russian citizen.
Graduated from the Moscow Institute of Management with a degree in power industry management.
Olga Vladimirovna Tkacheva
Elected to the Management Board on
May 31, 2011
Deputy General Director for Corporate Governance, IDGC of Centre
Born in 1961, Russian citizen.
Graduated from the Moscow Aviation Institute in 1984 with a degree in electric aircraft equipment and from the International Institute of Economics and Law in 1998. Doctor of Economics.
Sergey Anatolyevich Shumakher
Elected to the Management Board on
April 30, 2008
Deputy General Director for Technology, Chief Engineer, IDGC of Centre
Born in 1955, Russian citizen.
Graduated from the Moscow Institute of Agricultural Engineering in 1977 with a degree in electrical engineering.

REMUNERATION OF THE MEMBERS OF THE MANAGEMENT BOARD

All members to the Management Board of IDGC of Centre are employees of the Company holding managerial positions; in addition to their responsibilities under their employment contracts, they also have responsibilities pertaining to the members of the collective executive body of the Company, which is the IDGC of Centre Management Board.

Members of the Management Board receive a monthly remuneration of 15,800 RUB under additional agreements to their employment contracts for fulfilling their duties as members to the Management Board.

In accordance with the Regulation on the Incentives and Social Benefits for the IDGC of Centre senior managers, approved by the Company’s Board of Directors, members of the Management Board are considered senior managers.

Senior managers receive bonuses based on the achievement of key performance indicators for the reporting period (quarter or year) and the level of such achievement. These key performance indicators are based on the KPI approved by the Company’s Board of Directors for the General Director.

For details on the KPI system applied at IDGC of Centre in 2013, please see Key Performance Indicators of the Annual Report.

REMUNERATION PAID TO THE MEMBERS OF THE COMPANY’S MANAGEMENT BOARD IN 2013:

Type of remuneration Amount of remuneration in 2013, thous. RUB
Remuneration for participation in the activities of the management body 833
Salary 40,666
Bonuses 30,096
Other 1,458
Total 73,053

In 2013, the members to the Company’s Management Board received compensation for achieving the 2012 KPI alongside with additional and special bonuses based on the results of the Company’s KPI achievement results.