Board of directors

Vladislav Mamulkin graduated from the Moscow State Institute of International Relations with a degree in international economic relations 1995 and from the Wharton Business School, University of Pennsylvania (USA), with a Masters of Business Administration degree in 2003.

Vladislav Mamulkin has been a member of the Board of Directors since 2011. Since 2010 Mr. Mamulkin has been a managing director of the Moscow representative office of Nafta Moskva (Cyprus) Limited LLC.

Pavel Poselenov graduated from the Moscow State University in 1991 with a degree in chemistry and from Non-Governmental Educational Institution Inter-branch Technological Institute in 2006 with a degree in finance and lending.

Pavel Poselenov has been Chairman of the Management Board and President (Chief Executive Office) since 2009 and a Director since 2010.

From 2001 to 2007, Mr. Poselenov was the general director of the Industrial Insurance Group OSNOVA. At the same time, he was a member of the Presidium of All-Russian Insurers Union, chairman of the committee for insurance issues in construction sector at the Russian Builders Association. From 2008 to 2009, he was the general director of PIK Severo-Zapad. From December 2008 to July 2009, he was a vice-president of coordination of activities of the Group.

Mr Tsenin holds a B.Ec. (University Medal, Sydney) and Diploma in Corporate Finance Management from London Business School.

Mr. Tsenin is currently the Independent Director of PIK Group.

Mr. Tsenin commenced his career with Royal Dutch Shell (Group Planning Division) in London. He joined Goldman Sachs in 1987. From 1987 to January 1997, he worked with Goldman Sachs in New York, London and Sydney. He has extensive experience in corporate finance and M&A. His last assignment with Goldman Sachs was as Managing Director of the Australasian operations.

Between 1997 and 2003 Mr Tsenin was Group Finance Director of Lend Lease Corporation and director of Lend Lease’s major subsidiaries. Lend Lease is a global, integrated real estate company including development, construction, facilities management and funds management.

From 2003 to 2005. Mr Tsenin served as Senior Advisor of Lazard plc., London, where he assisted Lazard on a number of real estate principal investment opportunities and select real estate M&A transactions.

From March 2010 till February 2012 Robert E Tsenin was Group Chief Executive Officer of Centro Properties Group Limited.

Mr. Tsenin served as an Independent Director of Sistema-Hals JSC, Telstra Corporation, AXA National Mutual Ltd., WACO International, SAGASCO Ltd., Metrix Capital Partners, Global Properties Fund, International Distressed Debt Fund and Matrix European Real Estate Investment Limited. He is currently an Independent Non Executive Director of Australian Infrastructure Fund Limited.

Anna Kolonchina graduated from Moscow Financial Institute (currently, Financial University under the Government of the Russian Federation) in 1994 with a degree in accounting and audit.

Anna Kolonchina has been a member of the Board of Directors since 2010.

From 2001 to 2008, Ms. Kolonchina was a director at Deutsche Bank AG, London. In 2008, Ms. Kolonchina was a managing director of Wainbridge Limited, and, from 2008 to 2010, she was Vice President for Economic Affairs and Finance of the Group. Since 2010, she has been a managing director of the Moscow representative office of Nafta Moskva, a member of the board of directors of OJSC Polyus Gold and JSC Bank International Financial Club, and a member of the Supervisory Board of BPC.

Mr. Timmins graduated from the University of Texas in Austin, Texas (USA) with a Bachelor’s degree in Business Administration in 1984 and from Southern Methodist University in Dallas, Texas (USA) with a Masters degree in Business Administration in 1987.

Lee Timmins has served as our Independent Director since 2006.

Since 1987, Mr. Timmins has managed the implementation of projects in the U.S. and Eastern Europe. He has worked for Hines International Inc. since 1988 and has been the head of its Moscow representative office since 1993.

Sergey Bessonov graduated from Financial Academy at the Government of the Russian Federation, Institute of Loan, Banking Department in 1998 and from postgraduate training program in 2001

In 2001–2003, Sergey Bessonov was the Head of the Project, Investment and Special Financing Department of NIKoil Investment Banking Group. In 2004, after its merger with URALSIB BANK OJSC, he was appointed the Head of the Project and Structural Financing Business Unit.

In November of 2006, he was employed by NOMOS-Bank OJSC as the Director of the Project and Structural Financing Department. In the middle of 2009, he was employed by Sberbank of Russia OJSC as the Deputy Head of the Lending and Project Financing Department, and in June of 2010 he was appointed the Head of the Real Estate and Infrastructure Financing Department of Sberbank of Russia.

Zumrud Rustamova graduated from the Moscow Institute of Economics and Statistics (currently, the Moscow State University of Economics, Statistics and Informatics) with a degree in statistics in 1992.

Zumrud Rustamova has served as our Independent Director since 2011.

From 1995 to 1999, she served on the Russian Federation State Committee for Government-Owned Property Administration. From 1999 to 2000, she was Deputy Chairman of the Russian Federal Property Fund. From 2000 to 2004, Ms. Rustamova was Deputy Minister for Property Relations of the Russian Federation and, from July 2004 to 2006, was Vice-President of Siberian Coal Energy Company. Since 2006, she has served as Deputy Chairman of the management board of OJSC ‘‘Russian Development Bank’’ and Deputy CEO of OJSC Management Company Polymetall. Ms. Rustamova is also a member of the board of directors of International Airport Sheremetyevo OJSC, Magnitogorsk Iron and Steel Works OJSC and Bank of Khanty-Mansiysk.

Moscow State Institute of International Relations, Faculty of International Economic Relations, Specialist, Specialty "Foreign Economic Activity".

Business School of the Michigan University (Ann Arbor, USA), Master of Business Administration.

Mr. Gubarev worked in investment banks in Russia and USA, headed implementation of investment projects in the agriculture sector and renovation of utilities in Russia.

At the present time, he is the Head of the Moscow Representative Office of Galahad Advisors Limited.

State University of Management (Moscow). Bachelor’s degree / power industry management

From 2003 till 2011, worked as an analyst/manager (investments to equity and utilities of Russian and CIS-based energy companies). Joined VTB Capital in 2008.