Moscow, 29 January 2004 – RUSAL, one of the world’s largest aluminium companies, announced that the company’s Strategy and Corporate Development Director Gulzhan Moldazhanova is leaving her post to become a Managing Director, aluminium business, at Basic Element (Basel), RUSAL’s major shareholder, as well as to take a position as  member of RUSAL’s Board of Directors.

Dr. Moldazhanova has worked at RUSAL since the company’s foundation in March 2000, first as a Sales and Marketing Director,and since July 2002 as Director for Strategy and Corporate Development.    Dr. Moldazhanova made a substantial input into streamlining strategic planning at RUSAL.

Dr. Moldazhanova has worked for nine years in the aluminum industry, including five years in senior management positions. Prior to joining RUSAL in 2000, she was a senior manager at Sibirsky Aluminium (since renamed Basic Element).