Rusal announces changes in board of directors

2019-02-15

Feb. 15, 2019 - RUSAL, a leading global aluminium producer, announces change in Board of Directors.

Sergei Popov has tendered his resignation as an executive director with effect from 14 February 2019 due to the election to the legislature of one of Russian regions.

The Company further announces that Evgeny Kuryanov has been appointed as an Executive Director of the Company and Maxim Poletaev, Randolph N. Reynolds, Kevin Parker, Christopher Burnham and Nick Jordan have been appointed as independent non-Executive Directors of the Company with effect from 14 February 2019.

Randolph N. Reynolds has also been appointed as a member of the Corporate Governance & Nomination Committee, while Nick Jordan has also been appointed as a member of the Remuneration Committee of the Company with effect from 14 February 2019.

The new Board of Directors will take any necessary actions, above and beyond what OFAC has mandated for the company, to demonstrate the Board’s absolute commitment to transparency, accountability and good corporate governance.