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INVESTORS / BOARD
OF DIRECTORS
BOARD OF DIRECTORS
Oleg Deripaska
Member of the Board of Directors, United Company RUSAL
Chairman of Supervisory Board, Basic Element
Having raised his initial capital by trading in metals, Oleg Deripaska acquired shares in the Sayanogorsk Aluminium Smelter and became its Director General in 1994. In 1997, Mr. Deripaska initiated the creation of the Sibirsky Aluminium Group, which was Russia’s first vertically integrated industrial group. It brought together Russian leading aluminium and alloys producers and three years after its inception the Sibirsky Aluminium Group became one of the world's top ten producers of aluminum products. The Sibirsky Aluminium Group was renamed Basic Element in 2001.
In 2000, Mr. Deripaska became Director General of Russian Aluminium (RUSAL), which was set up as a result of the combination of aluminium smelters and alumina refineries of the Sibirsky Aluminium Group and the Sibneft oil company. In 2007, RUSAL, the SUAL Group and alumina assets of Glencore International AG merged to create United Company RUSAL, the world's largest aluminium and alumina producer. United Company RUSAL is now part of Basic Element’s wider portfolio, which includes a number of flagship Russian companies such as Group GAZ, Russia’s second largest car manufacturer; Ingosstrakh, the oldest and largest insurance companies in Russia; EuroSibEnergo – the operator of the two largest energy businesses in Siberia; GlavMosStroy – the major construction holding in Moscow and the surrounding region and Bank Soyuz – a national bank that is ranked among the top 30 Russian banks in terms of equity.
Mr. Deripaska was born in the city of Dzerzhinsk in 1968. In 1993, he graduated Summa Cum Laude from the Physics Department of the Lomonosov Moscow State University and in 1996 he received a degree from the Plekhanov Academy of Economics.
Mr. Deripaska is Vice President of the Russian Union of Industrialists and Entrepreneurs; Chairman of the Executive Board of the Russian National Committee of the International Chamber of Commerce and a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian Government. He is also a member of the Boards of Trustees of the National Science Support Foundation, the Bolshoi Theatre and the Schools of Business Administration of the Moscow State University and the St. Petersburg State University.
In 2004, Russian President Vladimir Putin appointed Mr. Deripaska to represent the Russian Federation in the Asia-Pacific Economic Cooperation Business Advisory Council. In 2007, he was appointed the Chairman of the Russian section of the council.
Mr. Deripaska received the Order of Friendship in 1999, a state award from the Russian Federation. He was named 'Businessman of the Year' in 1999, 2006, 2007 by Vedomosti, a leading business daily published in partnership with The Wall Street Journal and The Financial Times.
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