print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Syberian-Urals Aluminum Company press releases

Syberian-Urals Aluminum Company

July 9, 2003

SUAL Group appoints Josef Bakaleynik as Chief Financial Officer

Moscow 9 July 2003: SUAL Group, one of the world’s top ten aluminium producers, today announces the appointment of Josef Bakaleynik as Senior Vice President and Chief Financial Officer (CFO). In this role he has responsibility for the Group’s finance, credit and investment activities and is a member of its Management Board.

Josef joins SUAL from Russia’s Tyumen Oil Company (TNK), where he has spent six years as First Vice President and CFO. At TNK, he conducted the Group’s financial restructuring and played a central role in the breakthrough deal with BP, announced earlier this year, which propelled the combined group to third position amongst oil companies in Russia by reserves and production. Prior to this, Josef was General Director and Chairman of Russia’s Vladimir Tractor Plant, where he developed and implemented an integrated turnaround plan for the company.

Josef has over twenty years" experience in finance, including a period working for the International Finance Corporation (IFC) in Washington DC, USA. In 2001 he was named “Best finance director in Russian business” by recruitment agency Ward Howell. Earlier, in 2000, Josef was acknowledged “Best finance director of the year” by Russian magazine The Career. He holds an MSC and Ph.D. in Economics from Moscow State University and an MBA (with distinction) from Harvard Business School.

Chris Norval, Chief Executive of SUAL Group said:
The expertise Josef has gained at TNK and before will be extremely valuable in the ongoing internationalisation of SUAL. He has a thorough understanding of the capital markets and Russian business in general, and is a welcome addition to my management team.

Josef Bakaleynik, SVP Finance and CFO of SUAL Group, added: “I am very pleased to be joining SUAL at such an exciting stage in its development. Preparing the Group for the international capital markets promises to be an exhilarating challenge, and I look forward to drawing on my experiences of working both in Russia and with international investors to develop SUAL’s business.”

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer