3.4

General director and executive board

Collegiate executive body (CEB) or Executive Board operates under the charter and bylaw, adopted by the General Meeting (Regulations on the Executive Board). The Regulations stipulate terms and procedure for convention and conduct of meetings as well as mechanics of decision-taking. The Executive Board manages current operations of the Company and reports to the Board of Directors and General Meeting. The Board is a group of competent specialists with outstanding expertise in relevant spheres, able to fulfill their duties in a due manner to manage the Company. The General Director is the Chair of the Board in line with par.2 clause 70 of the Federal LawNo.44-ref and par.23.3 of the charter. GD’s competence covers all issues related to current operations of the Company, except for the issues referred to the competence of the General Meeting, Board of Directors and Executive Board.

The charter envisages that the membership of the Executive Board is approved by the Board of Directors. The following directors worked in the Executive Board during 2015 and in 2016 (as of report approval date):

Name Biography 1Q 2Q 3Q 4Q 1Q
Sergey Georgievich DREGVAL Born in 1971. General Director at IDGC of Urals (OAO). Education: graduate degree, Kiev International Civil Aviation University, Tyumen State Oil&Gas University. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company
yes
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yes
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yes
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yes
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yes
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Yuri Vyacheslavovich LEBEDEV Born in 1963. First Deputy General Director – Chief Operating Officer. Education: graduate degree, Ivanovo Energy Institute. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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yes
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yes
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yes
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Valentina Mikhailovna SCHERBAKOVA Born in 1966. Deputy General Director for Economics and Finance. Education: graduate degree, Novosibirsk State University. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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yes
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yes
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yes
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Alla Aleksandrovna NIKITUSHINA Born in 1976. Deputy General Director for Corporate Governance. Education: graduate degree, Altai State University. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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yes
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Aleksandr Mikhailovich KRIVYAKOV Born in 1952. Deputy General Director for Security. Education: graduate degree, Urals Polytechnic Institute. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
нет
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yes
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yes
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yes
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Olga Mikhailovna ABROSIMOVA Born in 1953. Chief accountant. Education: graduate degree, Urals State Technical University. Share in the charter capital: 0.000947%. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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Sergey Mikhailovich ZOLOTAREV Born in 1966. Till Aug., 2015 Deputy General Director for Development and Sales, since Aug., 2015 Deputy General Director – Chelyabenergo branch director. Education: graduate degree, Chelyabinsk Polytechnic Institute. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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нет
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Oleg Borisovich MOSHINSKY Born in 1969. Deputy General Director – Sverdlovenergo branch director. Education: graduate degree, Urals Polytechnic Institute. Share in the charter capital: 0.00000128%. In 2015 no statements on operations with Company’s securities were filed with the Company..
yes
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yes
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Oleg Mikhailovich ZHDANOV Born in 1959. Deputy General Director – Permenergo branch director. Education: graduate degree, Perm Polytechnic Institute. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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Igor Vladimirovich BUTAKOV Born in 1961. Till Aug., 2015 Deputy General Director – Chelyabenergo branch director, since Aug., 2015 Advisor General Director. Education: graduate degree, Chelyabinsk Red Banner Institute of Agricultural Automation and Electrification. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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Vitaly Yuryevich OKUNEV Born in 1965. Till Jun., 2015 Deputy General Director. Education: graduate degree, Chelyabinsk Institute of Agricultural Automation and Electrification. Share in the charter capital/Common stock owned: none. In 2015 no statements on operations with Company’s securities were filed with the Company.
yes
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yes
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Yuri Petrovich SHEVELEV Born in 1962. Till Feb., 2015 Deputy General Director for Economics and Finance. Education: graduate degree, Urals Polytechnic Institute. Share in the charter capital/Common stock owned: none. In 2015
yes
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нет
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1) Directors provided consent to disclose personal data in the annual report in line with laws of Russia

Reshufflings of the Executive Board during the reported period:

Feb., 2015 The Board expanded to 10 directors; terminated EB authorities of Y.P. Shevelev; election of A.A. Nikitushina and V.M. Scherbakova (BoD minutes No.162 dated as of 02.03.2015)
Jun., 2015 Terminated EB authorities of V.Y. Okunev; election of A.M. Krivyakov (BoD minutes No.170 dated as of 17.06.2015)
Sep., 2015 The Board reduced to 6 directors, teminated EB authorities of S.M. Zolotarev, I.V. Butakov, O.B. Moshinsky, O.M. Zhdanov (BoD minutes No.176 dated as of 21.09.2015)

During the reported period the Executive Board conducted 26 meetings. The Board focused on specification of current plans and decisions to secure target achievement. Besides, the Executive Board regularly examined budget completion reports, progress reports with regard to implementation of risk management program. The Executive Board also worked strenuously on materials and issues to be approved by the Board of Directors, going deep into the issues to ensure high quality of the decisions.