In February, state-owned companies traditionally publish reports for the final quarter of the previous year, which contain information on management earnings. At the end of 2016, the total amount of payments to the Gazprom board decreased by 9.4% - for the first time since 2012. Rosneft reduced the salaries of board members by 16%, although due to bonuses the total amount of payments remained virtually unchanged.
What is officially known
Using the example of five state-owned companies from different industries, we can track how payment amounts have changed.
The total annual income consists of wages, bonuses, commissions, remuneration for participation in the work of the management body and other types of remuneration. At Gazprom, the majority of income comes from salaries (1.2 billion rubles in 2016), at Sberbank, Rosneft and Russian Railways - bonuses (2.9 billion rubles, 2 billion rubles and 1.6 billion rubles). respectively). Aeroflot does not disclose details. Moreover, the average annual income of a board member exceeds the average annual income of an ordinary employee by 50–300 times.
The exact amounts of executive earnings are usually not disclosed. In May 2015, Rosneft published the “Standard on payments and compensation to top managers”, for the first time revealing the mechanism for calculating salaries and bonuses to its management. It follows from the document that the salary of Rosneft President Igor Sechin is 15–20 million rubles. per month, that is, up to 240 million rubles. in year. The remaining top managers receive from 10–50% of the president’s salary. In addition, the president is entitled to an annual bonus of 150% of his salary and other payments.
What unofficial data is there?
Since 2012 its ranking of the 25 most expensive top managers published annually by Forbes. The top positions in it are traditionally occupied by the heads of state-owned companies (Gazprom, Rosneft, VTB).
How much do other senior executives earn?
Top managers' salaries quite comparable to the income of some federal officials. The annual income of the richest member of the government - Minister for Open Government Affairs Mikhail Abyzov - in 2015 amounted to 455.6 million rubles. Deputy Prime Minister and Plenipotentiary Representative of the President of the Far Eastern Federal District Yuri Trutnev earned 153.8 million rubles, Minister of Industry and Trade Denis Manturov - 144.7 million rubles.
According to a study by Equilar, the average annual earnings of top managers of the 100 largest US companies at the end of 2015 reached $14.5 million (883 million rubles in terms of the average annual dollar exchange rate in 2015).
The biggest scandals surrounding the earnings of top managers
In 2014, the head of Rosneft Igor Sechin filed a lawsuit against Forbes magazine, which estimated his income in 2012 at $50 million. The Savelovsky Court of Moscow sided with Mr. Sechin, obliging the magazine to refute this information as untrue.
In August 2014, the head of JSC Russian Railways Vladimir Yakunin stated in his blog that he is not obliged to publish information about his income, noting that as the head of a state-owned company, he submits “data on his income to the tax office and the government.” He added that the publication “carries a certain threat” to members of his family. In January 2015, the head of Russian Railways stated that he agreed to obey the relevant government order. Later he reported that his salary was 4 million rubles. per month. His successor Oleg Belozerov officially disclosed his annual income.
In November 2016, the Prosecutor General’s Office stated that the bonus of the head of Russian Post, Dmitry Strashnov, based on the results of 2014 (95.4 million rubles) was accrued illegally and should have amounted to no more than 3.2 million rubles. Materials on the initiation of a case of abuse of power were sent to the RF IC. The Ministry of Telecom and Mass Communications spoke in defense of Mr. Strashnov, saying that the reward was justified. According to the press service of Russian Post, from the beginning of 2016 to the present, Dmitry Strashnov’s salary is 307 thousand rubles. per month without extra charge for access to information constituting state. secret (50% of the monthly salary), as well as payment for business trips and vacation pay. No annual bonuses were paid at the end of 2015 and 2016.
In 2016, the annual publication of the Forbes salary ranking of top managers was published without indicating the amount of remuneration for VTB President Andrei Kostin. This was explained by the fact that “the VTB Group, until the publication of the material, did not provide data on the key management employees to whom the total remuneration is distributed.” As the Vedomosti newspaper wrote, journalists suspected the owner of the ACMG group, which publishes the Russian version of the magazine, Alexander Fedotov, of interfering in editorial policy. In January, the magazine’s editor-in-chief Nikolai Uskov called the refusal to publish the salary of the head of VTB “his personal decision.”
How do experts explain the decline in income?
Igor Polyakov, leading expert at the Center for Macroeconomic Analysis and Short-Term Forecasting (CMAP): “This may be due to the desire to maintain a certain competitiveness, because the payroll of top managers hangs a significant burden on the company’s expenses. Second, and this is related to international rather than domestic activity - after a decision is made to reduce production quotas, companies can predict a decrease or stabilization of some revenues. Third, the analysis shows a high level of stratification in terms of wages in companies with state participation. Last year, the State Duma even raised the issue of limiting salaries and severance pay, the so-called “golden parachutes.”
Vladislav Zhukovsky, economist, member of the presidium of the Stolypin Club:“The first and most important thing you need to know about the salaries of top managers of state-owned companies: tales that they are forced to pay record salaries and bonuses, which amount to billions of rubles annually, supposedly so that they do not go to the private sector or foreign companies. This point of view is in some way a manipulation of public opinion. Nobody needs officials who have become state managers abroad - there has not been a single precedent. Secondly, you need to understand that our wages, salaries and bonuses for top managers are not tied to the efficiency of labor productivity in the company. For example, Gazprom’s net profit has fallen significantly, revenue is declining, but board members still receive record amounts. And the formal slight decrease in wages is due to the fact that money in the economy has become very tight and public opinion is pressing, so we decided to put a good face on a bad game, let off steam and defuse the situation.”
Mikhail Zhukov, CEO of HeadHunter: “Top managers are definitely not in danger, because taking into account bonus payments, vacation pay and travel allowances, their income has definitely not fallen. It’s difficult to say what it will be like next year, but at least this year the reduction in wages will not affect their total income. It is quite possible that such actions by company management are a purely demonstrative decision, a reaction to press reports about the income levels of top managers, which clearly irritated the Russian population, which receives much less.”
Olga Dorokhina, Evgeniy Kozichev, Mikhail Malaev, Olga Shkurenko
The top managers of Bashneft found themselves in a similar situation, having lost 72% of their previous remunerations: if in 2014 each member of the company’s board received an average of 133 million rubles, then in the past - less than 38 million. Salaries of managers have remained almost unchanged, they explained RBC in Bashneft: the decrease is minimal - 2.3%. But the reduction in bonus payments in 2015 “is associated with the high base of 2014 - in particular, with payments under the option program for 2013 and 2014,” the press service employee specified. Aeroflot's top managers, whose average monthly income last year amounted to 2.6 million rubles, also lost more than half of their payments. The airline's press secretary, Maxim Fetisov, refused to answer RBC's questions.
For the first time in several years
Transneft, which for several years did not indicate data on the amounts of remuneration of its top managers in its quarterly reports, reported for the first time on the income of board members. As follows from these data, last year nine members of Nikolai Tokarev’s team received an average of 90.5 million rubles, or by 7.5 million rubles. ($123 769 ) per month. Transneft could not be reached for comment at the time of publication.
But the year turned out to be fruitful for energy workers: members of the RusHydro board received twice as much as the year before - an average of 146.3 million rubles. (72.4 million in 2014), payments to Inter RAO executives increased by more than one and a half times (an average of 7.6 million rubles per month), and top-level income increased by 25, 20 and 13%, respectively. managers of FGC UES, IDGC Center and Rosseti.
RusHydro explains the solid remuneration of top managers by bonuses paid in the third quarter, but clarifies that bonuses were given to those who worked in the company from 2014 to June 2015, and the current general director, Nikolay Shulginov, took his post only in September last year (before that the company was headed by Evgeniy Dod), and from that moment on, in 3.5 months he earned only 3.9 million rubles. IDGC refers to the achievement by top managers of high values of key performance indicators to which remuneration is tied. FSK emphasizes that the growth is due to the transition from semi-annual to quarterly bonuses for top managers since July 2014. “Accordingly, part of the bonus payments planned for payment in 2014 was actually made in 2015,” the company’s response stated. “The amount of remuneration for the board of directors established by the board of directors did not increase.” And at Rosseti, the growth in income is explained by the payment of full annual bonuses for 2014: the company began operating in 2013, and in 2014, top managers were awarded bonuses only for the second half of 2013.
Rostelecom is also among the leaders in terms of the growth rate of remuneration: its managers last year received 67% more than in 2014 - an average of 51 million rubles. A company representative refused to comment on such successes of Sergei Kalugin’s team.
Thanks to more successful top managers, the overall result turned out to be zero: that is, the total average income of the heads of all companies in our sample over the past year changed by exactly 0%. In general, the salaries of top managers in the market have not been reduced either, says Rustam Barnokhodzhaev, director of the department for working with key clients of the recruitment agency Unity. But the amount of remuneration is not now determining for employees, he emphasizes, the main thing is stability and prospects. But Ward Howell senior partner Georgiy Abdushelishvili nevertheless noticed a trend towards reducing remunerations for top managers. “Firstly, all payments tied to the dollar exchange rate and foreign currency were transferred to rubles. Secondly, annual bonuses, which make up a significant part of the income of top managers, have decreased,” he notes.
Private
The year also passed relatively calmly for ordinary employees of state-owned companies: according to their quarterly reports, the headcount of all companies in our sample decreased by only 4.7%, from 1.56 million to 1.48 million people. But without taking into account the ongoing purge of Russian Railways (-7.6% for the year), the fall would have been only 1.3%. In addition to Russian Railways, layoffs took place at Bashneft (-25%), RSHB (-11%), Rostelecom (-7%), and RusHydro (-5%). Some of the changes are related to structural changes in the companies: for example, at Bashneft, some of the employees involved in oil retail trade moved to the subsidiary Bashneft-Retail, while the company did not actually fire anyone, the press service claims. And the reduction in the average headcount at RSHB was explained by “a change in the functional-role model of the business, reformatting of the regional network and other measures aimed at further development of the bank.”
Some companies even recruited people: for example, Transneft, whose staff grew by 5% over the year, Sberbank - by 3.3%, Rosneft - by 1.4%. Inter RAO and Gazprom also finished the year in a slight positive. There are also no plans for any reductions next year, the gas holding's press service assured RBC.
Staff salaries were not affected either. On average, it even increased by 11%, as follows from quarterly reports. The largest increase - 35.3% - was among Sovcomflot employees (there are, however, only 92 people). Last year, on average, they received 701 thousand rubles per month. and in this indicator they were far ahead of all other colleagues from our sample. By 17%, to 422 thousand rubles. on average per month, salaries at Inter RAO increased by 14%, to 553 thousand rubles. per month - at Rosneft. Rosneft did not respond to RBC’s request regarding salary increases.
A drop in salaries occurred only in three of the companies analyzed by RBC - Bashneft, VTB and RusHydro by 12.6, 9.2 and 8.9%, respectively. Bashneft representative Sergei Verezemsky explains that there were no real salary cuts in the company, and the drop was due to the high base of 2014, when employees received bonus payments under the option program. VTB and RusHydro did not respond to RBC’s request by the time the material was published.
What we thought
The average remuneration of the company's top managers was calculated by dividing the total remuneration of the members of the collegial executive body by their average number for the year. The dollar equivalent was calculated based on the average exchange rate for the specified period. The total remuneration of top managers includes: remuneration for participation in the work of the management body, wages, bonuses, commissions, benefits, reimbursement of expenses, and other types of remuneration. Companies, as a rule, do not specify what is meant by “other types of remuneration” and indicate only their cash equivalent. The data does not take into account the possible income of top managers received from other sources.
Average employee salaries were calculated by dividing the total amount of the wage fund for the year by the average number of personnel, excluding social benefits.
With the participation of Elizaveta Arkhangelskaya and Natalia Telegina
Sobesednik.ru calculated how much top managers of Russian state-controlled companies earn
Minimum wage in Sechin style
Let’s make a reservation right away: the salary amounts presented in our rating are underestimated. Companies and banks do not disclose how many bonuses were paid to a specific executive. In official reports - only the general meaning.
For example, in 2017, 11 members of the Rosneft board received a remuneration of 3 billion 895 million rubles. On average, each person receives 354 million per year. It is logical to assume that Chairman of the Board Igor Sechin got more. But exactly how much is a secret. Even despite the recent recommendations of the Central Bank to indicate earnings by name.
The game of hide and seek on the part of state managers has been going on for several years. They refuse to disclose information about their property.
When making calculations, Sobesednik relied specifically on average values, less than which the heads of state-owned companies could not earn even theoretically. In practice, their remuneration is two times higher than that of “ordinary” top managers.
And we have not yet taken into account income from owning shares and from bank deposits. So the real income of the heads of companies is many times greater than what we can prove.
At the same time, the considerable yield of managers does not imply their effectiveness. The net profit of the same Rosneft has been falling in recent years, while the salaries of the top of the company have been growing. The other day, Sechin also asked Vladimir Putin for tax breaks. But he didn’t offer to reduce his salary.
One grain at a time
State managers receive money not only from their main place of work. They, as a rule, sit on the management bodies of other companies - both controlled and third-party ones. Thus, the head of Gazprom PJSC Alexey Miller is also the chairman of the board of directors at Gazprombank, SOGAZ, Gazprom Neft, and Gazprom-Media.
Number
9639 euros Saulius Bilis, general director of the natural gas transmission system operator Amber Grid, receives a month in Lithuania.86 times less than his Russian colleague Alexey Miller. But among the heads of state-owned enterprises in the post-Soviet republic, this is the largest income.
According to Sobesednik’s calculations, Miller’s monthly salary is more than 58 million rubles. This is a thousand times more than most Gazprom employees. For example, at Gazprom Dobycha Krasnodar LLC, a 100% subsidiary of Gazprom, they receive an average of 58 thousand rubles. per month. In Gazprom Transgaz Volgograd, where 5 thousand people work, there are 44 thousand each.
Anatoly Chubais is also torn on several fronts. He sits on the board of directors of JSC Rusnano (1 million rubles per annum), is on the board of directors of PJSC Pipe Metallurgical Company (another 11 million) and, most importantly, chairs LLC Management Company Rusnano (1.05 billion rubles per annum). ). In addition, he collaborates with Skolkovo and heads NovaMedica LLC and RusnanoMedInvest LLC. Chubais promised to lead Rusnano until his retirement. His annual income would be enough for 80 thousand Russian pensioners.
ADDENDUM (14.03.2018; 18:30)
A representative of Rusnano called Anatoly Chubais’s income estimate “baseless.” As confirmation, “Interlocutor” was provided with a copy of A. B. Chubais’s declaration, which is not publicly available, but for 2016. According to this document, the head of Rusnano received income in the amount of 325 million 896 thousand rubles during the reporting period, of which 41 million 773 thousand rubles from his main place of work. The 2017 return has not yet been submitted.– this should be done in April.
Quote
We have a lot of money. There are just so many of them. Anatoly Chubais
State bankers
As it turned out, German Gref earns more at Sberbank than Andrei Kostin at VTB. But in fairness, Sber’s revenue is more significant.
A couple of years ago, State Duma deputy Vasily Shvetsov proposed “tying” the earnings of heads of state corporations to the salary of the president. According to his idea, no one should receive more than the head of state. However, this initiative did not find support from the Duma majority, and the author of the bold document himself could not be re-elected to the next convocation of parliament.
So Putin can still ask for a loan from his old friend, the head of Sberbank. They started working together back in 1991 at the St. Petersburg City Hall. Moreover, the state values Gref’s talents higher than the entire Russian hockey team. For winning the Olympics, 100 million “prizes” were allocated to the entire team, and half a billion to Gref alone.
Medvedev is envious
The salary of another top manager close to the president, Rostec CEO Sergei Chemezov, is 400 times higher than the average for the state corporation (44 thousand per month). Chemezov has been friends with Putin since the time they worked together in Germany. Today he is one of the most influential people in the country. Many resignations and appointments of governors are also associated with his name.
In the regions where Rostec operates, the name of Chemezov inspires awe. There is a whole empire under his management: a total of 453 thousand people work in the corporation’s structures.
But the chairman of the board of Inter RAO UES, Boris Kovalchuk, is connected not only with the president (through his father’s dacha in the Ozero cooperative), but also with the prime minister. During his studies at St. Petersburg State University, Dmitry Medvedev was his teacher. Today, Kovalchuk, who is responsible for the electric power industry, earns 21 times more than Medvedev - officially, of course.
The only top manager of state-owned companies who is not afraid to officially declare income is the head of Russian Railways, Oleg Belozerov. He boldly points out that for his work he has an income of more than 14 million rubles. per month. Meanwhile, Russian Railways is looking for a foreman for a salary of 52 thousand rubles. And a loader - for 20 thousand.
For future railway employees, the amounts of income of top managers probably seem fantastic. But if there is one thing that is implausible in Russia, it is the focus of the political establishment on building a just society.
Against the backdrop of the crisis, sanctions and the November slush, it’s nice to know that there are people in Russia who continue to live normally and in some places even well. Evidence of this is the highly entertaining list of remunerations of the most important Russian managers and company leaders published at the end of November by the Russian magazine Forbes. Forbes has been continuing to delight readers with the spectacle of other people’s money for many years now—the rating started in 2012. However, five years ago the dollar was lower and the rewards were higher. If in those days managers were enriched by $1.89 billion annually, then in the current 2016 their salaries have decreased by more than half.
Total in official ranking of the richest Russian top managers In 2016, 70 heads of companies who were not their owners participated. The assessment was made based on the following criteria: short-term payments (salaries, bonuses, etc.), long-term (income from shares) and bonuses from participation in the boards of directors of subsidiaries.
All obtained data are summarized in a table. Based on the final values, the places were ranked.
10. Ruben Aganbegyan
The general director of Otkrytie Holding OJSC received $6 million in 2015. This is a significant change from 2014, when his compensation was almost double the amount. However, he was luckier than the former head of Russian Railways Vladimir Yakunin and others, who dropped out of the ranking altogether.
9. Andrey Akimov
Akimov has been chairing the board of Gazprombank for a long time - more than 14 years. And the company pays its old and honorary member accordingly - in 2015 he received $6.3 million. In 2014, Andrey had more money - his remuneration then amounted to 8 million.
8. Mikhail Zadornov
In 2015, the skiing enthusiast and part-time chairman of the board of VTB24 earned $6.5 million. This is $2 million less than in 2014.
7. Mikhail Shamolin
Apparently, in connection with the crisis, AFK Sistema, of which Shamolin is the general director, used original tactics. Its top managers are now required to invest their hard-earned money in the company's shares and assets. It is unknown how profitable such a system will be and whether it will help keep Sistema afloat, but its president, who has been unchallenged since 2011, is among the highest paid leaders in the country. In 2015, his remuneration was $7.4 million.
6. Vladislav Soloviev
As a child, Vladislav dreamed of becoming an ice cream maker, but, fortunately for himself, he changed his mind and instead became the general director of UC Rusal two years ago. Unlike most of those participating in this top 10, his income in 2015 was greater than in 2014 - if earlier he received $4.4 million, then last year it was 7.4.
5. Ivan Streshinsky
The general director and old friend of Alisher Usmanov, the owner of the USM holding, where Ivan receives his modest income of 10 million, also suffered from the crisis. Compared to 2014, it costs the company $5 million less.
4. Dmitry Razumov
In 2016, Dmitry overtook German Gref in the St. Petersburg race through the historical center of the city. But in the competition for the amount of payments to the richest managers in Russia, the general director of the Onexim group lagged behind German, taking only 4th position. True, only a million - in 2015 Dmitry received 10 million (exactly one third less compared to 2014).
3. German Gref
Gref's income in 2015 decreased relatively slightly - instead of 13.5 million dollars, it amounted to 11 million. However, even this modest small amount caused a protest from the Sberbank press service: it believes that Gref's income is greatly exaggerated.
2. Igor Sechin
Being the head of Rosneft is lucrative - last year Sechin received a remuneration of $13 million (and in 2014 his income was $17.6 million). But according to the Rosneft press secretary, Forbes greatly embellished the real figure. At the end of 2016, Sechin topped the Russian media charts in connection with the detention of Alexey Ulyukaev, suspected of receiving a bribe from the head of Rosneft.
1. Alexey Miller
The permanent head of Gazprom since 2001 wins the 2016 income race of top managers of the Russian Federation by a large margin, remaining number one. Last year, 2015, it cost the company $17.7 million—almost 33% cheaper than in 2014 ($27 million). All of Gazprom's top managers received $78.3 million in 2015, and the company's total income last year was $140.4 billion.
Forbes has published its latest ranking of the highest paid top managers in Russia. This rating has been published for five years now.
During this time, total payments to executives of Russian companies increased by 2.3 times.
Below is the rating
the most “expensive” top managers
according to Forbes.
1. Alexey Miller
Position: Chairman of the Board of PJSC Gazprom
Age: 54 years
Reward Evaluation: $17.7 million
- Alexey Miller was born on January 31, 1962 in Leningrad.
- Since 2001 - Chairman of the Board of PJSC Gazprom.
- Since 2002 - Deputy Chairman of the Board of Directors of PJSC Gazprom.
- In February 2016, it became known that the contract with Alexey Miller as Chairman of the Board of Gazprom PJSC had been extended for another 5 years
2. Igor Sechin
Position: President, Chairman of the Board of Oil Company Rosneft
Age: 56 years
Reward Evaluation: $13 million
- Igor Sechin was born in Leningrad on September 7, 1960.
- On May 23, 2012, shortly after Putin took office as President of the Russian Federation for a third term, Sechin was appointed president of Rosneft.
- As Forbes notes, in 2015 Sechin received 3.4 million rubles. for his work on the board of directors of Inter RAO. He donated the money received to charity.
- The stake in Rosneft brought him $2.5 million in dividends based on the results of 2015.
3. German Gref
Position: President, Chairman of the Board of Sberbank
Age: 52 years
Reward Evaluation: $11 million
- Gref was born in the village of Panfilovo, Irtysh district, Pavlodar region, Kazakh SSR.
- German Gref was the main lobbyist for Russia's entry into the World Trade Organization.
- Also, at various times, he was a member of the board of directors of many state-owned companies (Gazprom, Svyazinvest, etc.)
- From October 2007 to the present, Gref has been Chairman of the Board of Sberbank of Russia.
4. Dmitry Razumov
Position: General Director of the ONEXIM group
Age: 41 years
Reward Evaluation: $10 million
- Dmitry Razumov was born on February 7, 1975 in Moscow.
- Graduated from the Faculty of International Law of the Moscow State Institute of International Relations.
- Since 2007, he has held the position of general director of the ONEXIM group, which included assets acquired by Mikhail Prokhorov during the division of business with Vladimir Potanin.
5. Ivan Streshinsky
Position: CEO of USM Advisors
Age: 47 years
Reward Evaluation: $10 million
- Streshinsky was born in 1969. He received his higher education at the Moscow Institute of Physics and Technology.
- He graduated from his studies in 1992. He studied in the specialty “applied mathematics and physics” at the Faculty of Flight Engineering and Aerodynamics.
- From 2006 to 2007 served as general director of Gazmetal, which owned a number of metallurgical assets of Alisher Usmanov and Andrey Skoch.
- From 2008 to 2012 - General Director of Telecominvest, which owns Usmanov’s telecommunications assets.
- Since 2012, he has held the position of CEO of Usmanov’s company USM Advisors.
6. Vladislav Soloviev
Position: General Director of UC Rusal
Age: 43 years
Reward Evaluation: $7.4 million
- Born on May 14, 1973. Graduated from the Higher School of Management of the State Academy of Management.
- From 2000 to 2008 Headed the accounting department and served as Deputy General Director for Finance at Rusal.
- From 2008 to 2010 - General Director of En. From 2010 to 2014 served as first deputy director of UC Rusal.
- Since 2014, he has held the position of General Director of UC Rusal.
7. Mikhail Shamolin
Position: President of AFK Sistema
Age: 46 years
Reward Evaluation: $7.4 million
- Shamolin was born in 1970. In 1992 he graduated from the Moscow Automobile and Highway Institute (MADI)
- In 1993 - Russian Academy of Public Administration under the President of the Russian Federation.
- In 1996-1997 completed the executive training program at Wharton Business School in the field of finance and management.
- Since 2011, he has held the position of President of AFK Sistema.
8. Mikhail Zadornov
Position: President - Chairman of the Board of VTB24
Age: 53 years
Reward Evaluation: $6.5 million
- Zadornov was born on May 4, 1963 in Moscow.
- From 2000 to 2005 was a deputy of the State Duma.
- Since July 2005 - President - Chairman of the Board of VTB24.
9. Andrey Akimov
Position: Chairman of the Board of Gazprombank
Age: 63 years
Reward Evaluation: $6.3 million
- Akimov graduated from the Faculty of International Economics of the Moscow Financial Academy (MFA) with a degree in international economics, finance and banking.
- From 1991 to 2002 at Investment Management & Advisory Group GmbH (Austria) he held the position of managing director, full-time advisor to the chairman of the board of Vneshtorgbank.
- Since November 2002, he has held the position of Chairman of the Board of Gazprombank.
10. Ruben Aganbegyan
Position: Chairman of the Board, General Director of Otkritie Holding OJSC
Age: 44 years
Reward Evaluation: $6 million
- Aganbegyan was born on February 14, 1972 in Novosibirsk.
- From 2003 to 2010 served as head of the Russian branch of Renaissance Capital Investment Company.
- From 2010 to 2012 headed the Moscow Exchange.
- Since 2012, he has held the position of Chairman of the Board and General Director of Otkritie Holding OJSC.
- Owns 7.96% of shares of Otkritie Holding OJSC. The price of the package is $267 million, as of October 20, 2016.
11. Jean-Yves Charlier
Position: General Director of Vimpelcom Ltd
Age: 52 years
Reward Evaluation: $5.7 million
12. Maxim Sokov
Position: General Director of En+
Age: 37 years
Reward Evaluation: $5 million
13. Alexey Marey
Position: Chief Managing Director of Alfa-Bank
Age: 39 years
Reward Evaluation: $4.5 million
14. Gulzhan Moldazhanova
Position: General Director of Basic Element
Age: 50 years
Reward Evaluation: $4 million
15. Alexander Dyukov
Job title :
General Director of Gazprom Neft
Age: 48 years
Reward Evaluation: $3.8 million
16. Nail Maganov
Position: General Director of Tatneft
Age: 58 years
Reward Evaluation: $3.6 million
17. Pavel Grachev
Position: General Director of PJSC Polyus
Age: 43 years
Reward Evaluation: $3.5 million
18. Boris Kovalchuk
Position: Chairman of the Board of Inter RAO
Age: 38 years
Reward Evaluation: $3.5 million
19. Andrey Varichev
Position: General Director of Management Company "Metalloinvest"
Age: 48 years
Reward Evaluation: $3.4 million
20. Alexey Moskov
Position: Chairman of the Board of Renova Group of Companies
Age: 45 years
Reward Evaluation: $3 million
21. Nikolay Tokarev
Position: Chairman of the Board of Sibur Holding
Age: 46 years
Reward Evaluation: $2.6 million
Out of rating. Andrey Kostin
Position: President - Chairman of the Board of VTB Bank
Age: 60 years
President and Chairman of the Board of VTB Andrei Kostin was left out of the rating: Forbes did not name the amount of his remuneration, explaining that the VTB Group did not provide data on the key managers to whom the total remuneration for 2015 in the amount of 6.1 billion rubles is distributed. A year earlier, Forbes estimated Kostin’s total compensation at $21 million, the state banker was in second place.