Viktor Vekselberg to chair new Board of Directors of Renova Management AG (Zurich, Switzerland)

Moscow, February 18, 2014. Viktor Vekselberg, the founder of Renova Group and Chairman of its Board of Directors will become Chairman of a newly formed Board of Renova Management AG (RMAG) in Zurich, Switzerland. RMAG will mainly focus on managing Renova Groups international assets (primarily - OC Oerlikon AG and Sulzer AG), and, in due course, a number of additional assets of the Group as well as new assets where RMAG can bring strategic capabilities as an industrial investor in relevant sectors.
Mr. Vekselberg will be joined on the new Board of RMAG by Peter Löscher, a member of the Supervisory Board of Deutsche Bank, Josef Ackermann, a member of the Board of Royal Dutch Shell, Orit Gadiesh, Chairman of Bain & Company, and Vladimir Kuznetsov, Chief Strategy Officer of Renova Group.  
Peter Löscher will take up the role of Chief Executive Officer of RMAG as a Board delegate, beginning March 2014. Also, Mr. Löscher will also be offered an opportunity to invest in the assets managed by RMAG.
We are very proud to have gathered such a group of globally experienced business leaders for our Management Company. This will provide the company with the best international management and governance practices and will ensure its transparency and focus for the next phase of development, involving further growth and international expansion, - said Viktor Vekselberg, Chairman of the Board of Directors of Renova Group of companies
About Renova Group of companies (www.renova.ru):
Renova Group is a major private Russian business group which owns and manages assets in metallurgy, mining, chemical, construction, transport, energy, telecommunications, high-tech engineering, public utilities, medical and financial sectors in Russia and abroad.

Brief biographical information on the members of the Board of Directors of RMAG

Viktor Vekselberg
Founder, major shareholder and Chairman of the Board of Directors of Renova Group. President of Skolkovo Foundation. Member of the Bureau of the Management Board of the Russian Union of Industrialists and Entrepreneurs (RSPP), Chairman of the RSPP Committee for International Cooperation. Member of the MIT Corporation.  Chairman of the Board of Trustees of the Jewish Museum and Tolerance Center in Moscow. Member of Boards of Trustees of the Mariinsky and the Bolshoy Theatres, the State Tretyakov Gallery and the Pushkin Museum of Fine Arts. Knight of the Order of Honour and IV Degree Order for Merit to the Fatherland.

Peter Löscher
Member of the Supervisory Boards of Deutsche Bank and Munich Re, Board member of Thyssen-Bornemisza Group. Former CEO of Siemens. Previously President of Global Human Health and Member of the Executive Board of Merck, CEO of GE Healthcare Bio-Sciences and member of GEs Corporate Executive Council. COO and member of the Board of Amersham Plc., senior leadership positions in Aventis and Hoechst. Mr. Löscher is Chairman of the Board of Trustees of Siemens Foundation, Member Emeritus of the Advisory Board of the Economic Development Board of Singapore, Member of the Supervisory Board of the Technical University of Munich and Trustee of the Glyndebourne Arts Trust. He was appointed Honorary Professor at Tongji University Shanghai, holds an Honorary Doctorate of Engineering from Michigan State University and is Doctor Honoris Causa of Slovak University of Engineering in Bratislava. MBA graduate of the Vienna University School of Economics, studied at the Chinese University of Hong Kong, and Harvard Business School. Grand Decoration of Honor in Gold of the Republic of Austria and Order of Friendship of the Russian Federation.

Orit Gadiesh
Chairman of Bain & Company and member of numerous eminent corporate, advisory and non-profit Boards including:  World Economic Forum, Chairman of the Advisory Council for the Mayor of Shanghai, Member of the Board  of WPP, Advisory Council for the Mayor of London. University Advisory Boards: HES France, CEIBS China, 21st Century School University of Oxford. Previously Member of the Boards of  Federal Reserve Bank of New England, Digitas, Vonage, HBS Publishing Editorial; Advisory Board to the President of the World Bank, Kennedy Center, Metropolitan Museum of Art, etc. BA (Hons) in Psychology, Hebrew University; MBA and Baker Scholar, Harvard Business School.

Josef Ackermann
Josef Ackermann is Member of the Board of Royal Dutch Shell, Investor AB and EQT Holdings AB, Vice-Chairman of Belenos Clean Power Holding. Previously Chairman of the Management Board and the Group Executive Committee of Deutsche Bank, Chairman of the Board of Directors of Zurich Insurance Group, Second Deputy Chairman of the Supervisory Board of Siemens, Member of the Advisory Board of China Banking Regulatory Commission and National Bank of Kuwait. Mr. Ackermann is Member of the International Advisory Board of Akbank, plays an active role in the World Economic Forum (Vice-Chairman of the Foundation Board); is Honorary Chairman of the St. Gallen Foundation for International Studies, Honorary Senate Member of the Foundation Lindau Nobel prizewinners Meetings at Lake Constance, and Advisory Director at New Yorks Metropolitan Opera. Also, and amongst others, Mr. Ackermann accepted an appointment as Visiting Professor in finance at the London School of Economics, and was appointed Honorary Professor at Frankfurts Johann Wolfgang Goethe University. Furthermore, he is an Honorary Fellow of the London Business School and holds an Honorary Doctorate from the Democritus University of Thrace in Greece.  Mr. Ackermann gained his doctorate in Economics and Social Sciences from the University of St. Gallen Switzerland.

Vladimir Kuznetsov
Vladimir Kuznetsov is a managing director of Renova Group responsible for the Group's strategic development. Mr. Kuznetsov represents the Group on Boards and supervisory committees of a number of its portfolio companies. Mr. Kuznetsov has over 20 years of experience in M&A and financial consulting. Prior to joining Renova Group in 2001, he was the CEO of Financial Advisory Services LLC, an M&A advisory firm. In 1992-1998, Mr. Kuznetsov was Deputy General Director at Goldman Sachs in Moscow and the General Director of the Moscow branch of Solomon Brothers
Mr. Kuznetsov has a PhD in economics from the Institute of World Economy and International Relations (Moscow) and a Masters degree in international relations from the School of International and Public Affairs of Columbia University, as well as a diploma in mathematical economics from the Moscow State University.

For all questions please contact:
Andrey Shtorkh, Official Spokesperson for Renova Group of companies
Telephone: (495) 933-35-25
E-mail: smi@renova-group.ru

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