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Nominations and Remuneration Committee

The Committee for Nominations and Remuneration studies and prepares recommendations for the Board of Directors on developing remuneration systems for the members of the Board of Directors, members of the committees of the Board of Directors and managers of the Company. 

The Committee also selects candidates to be elected to the Board of Directors and to the position of the Company’s General Director, and determines the criteria for the Company’s managers’ performance to be assessed by (KPI).

The Committee for Nominations and Remuneration consists of 5 members.

Richard Werner
Member of the Board of Directors

In 1989 he graduated from London School of Economics of London University and commenced as the Bachelor of Natural Science (Economics) with major in: "International trade".

From 1989 till 1994 he studied at Oxford University, the College Linacre, where he commenced as the Master of Economics and the Doctor of Philosophy. In 1990-1991 he performed research works at University of Tokyo, Higher School, in the Department of Economic Research.

He has the vast academic and research experience, holding various positions at University of Southampton, Goethe University of Frankfurt, University of Sheffield and other known academic institutions from 1991 up to present.

Since 2014 he is the Convenor of the Association for Research on Banking and the Economy (ARBE).

Since 2012 he is the Founding Director of Local First Community Interest Company.

Since 2011 he is the member of the Shadow Council of the European Central Bank.

From 2011 to 2012 he was a member of the Working group of CRD IV Finance Watch.

From 2008 to 2013 he was a member of the Board of Supervisory Board of the Profit Global Macro Fund AGmvK.

Since 2007 he is the Member of Management Board and CIO at Providence Asset Management Ltd.

From 2001 to 2013 he held the position of the Chairman at Profit Capital Partners AG. 

Irina Kostenets
Member of the Board of Directors

In 1984 she graduated from Irkutsk Institute of Railway Engineers with major in: "Railway construction, construction of tracks and track facilities". In 1998 she was graduated from the Academy of National Economy under the Government of the Russian Federation with major in: "State administration of economy and finances in the branch of railway transport".

From 1998 she held positions at the Krasnoyarsk railway as the Head of Economic Service, the Deputy Head of the Railway Road on economic problems.

 From 2003 to 2005 she worked as the Deputy Head of Department of Planing and Budgeting.

From 2009 to 2012 she held the position of Head of Department of organizational staffing matters of JSC Russian Railways.

 From 2012 up to present she is the Head of Department of Economics of JSC Russian Railways.

Peter Lloyd O’Brien
Member of the Board of Directors

Leila Mammed Zade
Member of the Board of Directors

Irina Shitkina
Chairman of the Commitee, member of the Board of Directors

First elected to the Board of Directors in 2010.

Irina Shytkina was born in 1965.

She graduated from Lomonosov Moscow State University Faculty of Law in 1988. In 2006, she defended her doctoral dissertation and obtained her doctorate in legal sciences. Ms. Shytkina is a professor of entrepreneurial law at Lomonosov Moscow State University. She has extensive experience in academic and research work in corporate and entrepreneurial law.


2011–present              Advisor to the CEO, Elinar Holding Company

2009–2011                              Deputy CEO for Corporate Governance, Elinar Holding Company

2005–present              Professor, Department of Entrepreneurial Law, Lomonosov Moscow State University

Citizenship: Russian Federation.

Ms. Shytkina does not own shares or any other securities in the Company.

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2015 Annual Report

2015 Annual Report

PDF-version of our latest Annual Report

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