THE PRESIDENT OF THE CHARITABLE FUNDATION "KOVCHEG" JEAN-PIERRE THOMAS WAS APPOINTED A CHAIRMAN OF THE BOARD OF DIRECTORS OF THE COMPANY "RUSAL"
On December 26, 2018, it became known that after six years as an independent non-Executive Director and Chairman of the Board of Directors of one of the largest aluminum producers in the world, UC RUSAL Matthias Warnig announced his resignation. The decision was political: the withdrawal will allow the company to withdraw from the sanctions list OFAC.
"Taking into account the expected exclusion of the company from the sanctions list of the OFAC, we are at a new stage of strategic development, which will affect the Board of Directors" — said the outgoing post of Chairman of the Board of Directors Matthias Warnig.
The company got into the "black list" of the USA last year. Bans on cooperation with foreign partners could lead to technical default. Later, the us Treasury made an unexpected statement: sanctions against RUSAL can be lifted. But only under one condition: if the main shareholder of the aluminum giant Oleg Deripaska loses the main package (then he had 48.13%). This answer the Americans gave to the request of "RUSAL" to delete the company from the sanctions list. Immediately after the resignation of the shares of RUSAL showed growth on the Moscow and Hong Kong stock exchange, according to FAN. RUSAL Corporation has appointed a new Chairman of the Board of Directors. It was Jean-Pierre Thomas. The independent non-Executive Director began his duties on January 1, 2019. Thomas was inducted into the "RUSAL" Board as an independent non-Executive Director at a shareholders meeting in late June.
The new Chairman of the Board of Directors previously served as a special representative of the former President of France Nicolas Sarkozy for the development of cooperation between Russia and France and was a member of the international Advisory Board of "RUSAL". A new stage of strategic development is associated with his appointment to a high position at "RUSAL".
Российский благотворительный фонд содействия культурно-просветительским программам – Ковчег