The Supervisory Board is Metinvest Group’s highest strategic management body.
The Supervisory Board is responsible for key decisions related to Metinvest’s activities, including the approval of Metinvest’s long-term business strategy and annual business plans; annual assessment of the delivery of business plan targets; appointment of the top management, approval of their compensation system and KPIs, and decisions on annual bonuses; approval of external auditors; and approval of the Group’s annual reports and financial statements and all M&A transactions.
The Supervisory Board is a collective and consists of ten members of the Board. There are seven Supervisory Board members of Metinvest B.V. from SCM (Class A members of the Supervisory Board and three from Smart-Holding (Class B members of the Supervisory Board).
OLEG POPOV Chairman of the Supervisory Board of Metinvest B.V.
Born in 1969.
Mr. Popov graduated from Donetsk Polytechnic Institute in 1990 and from Donetsk State University in 1996. Before becoming CEO of System Capital Management, he worked at various state establishments and enterprises for eight years.
Mr. Popov has been holding the CEO of System Capital Management since December 2005.
He is a member of the Strategy and Investments Committee and the Appointments and Compensation Committee of the Supervisory Board of Metinvest B.V.
DAMIR AKHMETOV Class A Member of the Supervisory Board of Metinvest B.V.
Damir Akhmetov was appointed Class A Member of the Supervisory Board on 14 July 2014. He oversees the following areas: strategy, corporate development, governance, and production efficiency. He also serves as Chairman at SCM Advisors (UK) Limited and has been a member of the Supervisory Boards of several companies of DTEK Group since 2011.
Damir Akhmetov graduated from Sir John Cass Business School (City, University of London) with an MSc in Finance.
JOHAN BASTIN Class A Member of the Supervisory Board of Metinvest B.V.
Johan Bastin holds a master’s degree in urban planning from Eindhoven University of Technology (Netherlands) and a PhD in regional planning from Université de Montréal (Canada), where he specialised in public administration and finance. He also attended the MBA programme at McGill University in Montreal.
In 1985-92, he worked at the Harvard Institute for International Development (Indonesia). Over the following decade, he held various management positions at the European Bank for Reconstruction and Development in London (UK).
After that, he was a managing director at Darby Private Equity, an investment fund, where he was responsible for investments in Central and South-Eastern Europe.
In 2009-15, he headed the CapAsia (Singapore), an international asset management company that invests in infrastructure and energy in Southeast and Central Asia.
He is currently a managing partner at Iveaghouse Capital Investment Advisors (Netherlands), an investment company, and is also a member of the supervisory boards of DTEK Energy B.V. and DTEK Renewables B.V.
As a member of the Supervisory Board of Metinvest B.V., Mr. Bastin oversees investor relations and investment strategy.
Mr. Bastin is also a member of the Audit and Finance Committee and the Strategy and Investments Committee of the Supervisory Board of Metinvest B.V.
NATALIA IZOSIMOVA Class A Member of the Supervisory Board of Metinvest B.V.
Natalia Izosimova holds a master’s degree from Moscow Pedagogical University, where she specialised in the English and German languages.
She began her career at McKinsey & Company in 1994. In 2005, she moved to SCM, where she worked as human resources director and corporate transformation director.
In 2007-13, she headed the Foundation for Effective Governance, a charity founded by Rinat Akhmetov. At the same time, she was a member of the supervisory boards of numerous SCM Group companies..
She is currently a board member of several major companies. She also works as a consultant for top business executives.
GREGORY MASON Class B Member of the Supervisory Board of Metinvest B.V.
Gregory Mason advises manufacturing and steel companies, financial institutions and investors on strategic and operations management, mergers and acquisitions, turnaround and restructuring strategies, corporate development, continuous improvement and manufacturing technologies.
Throughout his extensive professional career in the steel industry, Mr. Mason has been recognized for his technological expertise, leadership and broad international management experience, covering a wide range of companies from integrated steel plants to mini-mills throughout North America, the European Union, Russia and Asia. His experience in operations is complemented by in-depth knowledge of the technological aspects of steel production processes and their cost structures, in addition to key drivers for competitiveness and value creation.
He previously served as the CEO of Severstal International, managing its North American and European operations. Prior to Severstal, he held various positions in steel companies and consulting firms - from engineering and operations management to senior executive roles.
Mr. Mason is a registered professional engineer in the U.S. He received his master’s degree in electrical engineering in 1975 from the Naval University of St. Petersburg, Russia. He is a U.S. citizen; he resides in Pittsburgh, Pennsylvania.
As a board member, Mr. Mason contributes his expertise in strategic and operations management. He is responsible for technological innovation and the implementation of continuous improvement practices.
Mr. Mason is a member of the Strategy and Investments Committee and Health, Safety and Environment Committee of the Supervisory Board of Metinvest B.V.
CHRIS NORVAL Class A Member of the Supervisory Board of Metinvest B.V., Executive Chairman of Green Gas International Ltd.
Chris Norval is the founder and executive chairman of Green Gas International and oversees its financing activities.
He has extensive experience in senior management positions in the global resources sector. Prior to his involvement with Green Gas, Mr. Norval was the CEO and President of the Sual International Group, the world’s largest producer of aluminium and alumina.
He spent a significant part of his career building what is today known as BHP Billiton. As head of corporate finance, Mr. Norval oversaw most of the transactions to create BHP Billiton, including the execution of the IPO of Billiton Plc in 1997. His ability to create and drive corporate strategy was honed in the entrepreneurial Billiton Plc and its predecessor Gencor. He remained in charge of strategy for BHP Billiton until his departure in July 2002.
At Billiton Plc, he also headed up BCAP where he gained experience in corporate venturing, innovation and the incubation of new businesses. Mr. Norval planned, negotiated and executed the merger of two non-core metal distribution businesses owned by Alcoa and Billiton to create Integris Metals Inc, then the largest specialty metals distributor in the U.S.A.
Mr. Norval holds a B. Com. (Hons) from the Rand Afrikaans University, Johannesburg, South Africa and is a Chartered Accountant — CA (SA). He is a member of the South African Institute of Chartered Accountants.
As a board member, Mr. Norval oversees issues connected with his industrial expertise and the implementation of “best practices” in management and production. He is also responsible for international affairs.
Mr. Norval is the Chairman of Audit and Finance Committee of the Supervisory Board of Metinvest B.V. and is a member of Strategy and Investments Committee of the Supervisory Board of Metinvest B.V.
MIKHAIL NOVINSKII Class B Member of the Supervisory Board
Mikhail Novinskii was appointed as a Class B Member of the Supervisory Board on 29 September 2017. He has been Adviser to the CEO of Smart Holding since October 2015. He began his career in 2013 as Head of Production Projects and Programmes in the Business Control and Information Department at Smart Holding. He then progressed to other positions, including Head of Project Management and Member of the Supervisory Board.
Mikhail Novinskii graduated from Saint Petersburg State University (Russia) with a degree in Business Management in 2008. He also holds an MSc in Finance and Management from the University of St Andrews (UK).
ALEXEY PERTIN Deputy Chairman of the Supervisory Board of Metinvest B.V. , Class B Member of the Supervisory Board of Metinvest B.V.
Born on May 4, 1972 in Cherepovets, Russia.
Alexey Pertin graduated from Cherepovets State University in 1994, and from the Saint Petersburg State Technical University with a qualification in financial management in 2001.
Mr. Pertin has an MBA from Northumbria University (UK) and is a member of the Institute of Certified Management Accountants (ACCA).
His career started in 1995 at Cherepovest Iron and Steel Works. Later he continued working at steel holding Severstal Group in different positions including General Director of Izhora Pipe Plant and Deputy General Director of holding Severstal Group. Mr. Pertin has held the position of Smart-Holding Private Joint-Stock Company (PJSC) CEO since October 2015.
As a board member, Mr. Pertin is responsible for the following areas: strategic development, production efficiency, sales and management of investment projects.
He is a member of the Strategy and Investments Committee and Appointments and Compensation Committee of the Supervisory Board of Metinvest B.V.
STEWART PETTIFOR Class A Member of the Supervisory Board
Born in 1945 in Warwick, England.
Stewart Pettifor has a BSc first class honours degree in metallurgy from Nottingham University. He is a Fellow of the Institute of Mining, Metallurgy and Minerals and a Companion of the Institute of Management.
Mr. Pettifor began his career in the U. K. steel industry in 1963 as a management trainee and progressed through a variety of operational management positions until in 1997 when he was appointed CEO and President of Avesta Sheffield, a Swedish stainless steel company based in Stockholm.
In 2000, following the merger of Avesta Sheffield with Outokumpu, he became Deputy CEO of Avesta Polarit. In 2001, Mr. Pettifor returned to the U.K. to run the flat products business of Corus and also joined the board. He became the Chief Operating Officer in 2003 until his retirement in 2005.
Mr. Pettifor is a member of the Health, Safety and Environment Committee and the Strategy and Investments Committee of the Supervisory Board of Metinvest B.V.
YAROSLAV SIMONOV Class A Member of the Supervisory Board
Yaroslav Simonov was appointed Class A Member of the Supervisory Board on 14 July 2014. He oversees legal matters, compliance, and corporate governance. Yaroslav’s specialization includes corporate law, mergers and acquisitions, venture capital, banking and finance, and securities. He had previously worked at The Silecky Firm (affiliated with Squire Sanders and Dempsey, LLP). He was also Head of Legal & Compliance of Renaissance Capital Ukraine in 2005-07, and its Chief Operating Officer in 2008. In 2008-2017, he was a Deputy Director at Voropayev and Partners Law Firm. Yaroslav Simonov was appointed Director, Legal Affairs of SCM in August 2017.
Yaroslav Simonov graduated from the Law Department of Kyiv National Taras Shevchenko University (Ukraine) and holds an LLM in International Business Law from the Central European University in Budapest (Hungary).