CEO, RusForest Management
Anton Bogdanov has been CEO of RusForest Management Company since February 2014 and COO of RusForest since March 2013. He is a seasoned Russian forestry executive and was previously CEO of Nova Management Group, which operates Lesresurs, a Russian forestry company in Eastern Siberia with 372,000 m3 of annual allowable cut ("AAC") and 170,000 m3 of annual sawnwood capacity. Lesresurs is one of the largest Russian suppliers of sawnwood to Japan.
CEO, RusForest AB
Anders F. Börjesson is employed as General Counsel and CEO of the Swedish holding company, RusForest AB (publ). He also serves as General Counsel to the Vostok Nafta Investment Ltd group and was previously a transaction lawyer at Mannheimer Swartling in St. Petersburg and Moscow. Mr. Börjesson lives in Stockholm, is a Swedish citizen and is fluent in Russian. He holds a law degree from Stockholm University and an LL.M. from NYU School of Law. He is admitted to the New York Bar.
CFO, RusForest AB
Gustav Wetterling was appointed CFO of RusForest in January 2014. Mr. Wetterling joined RusForest from Black Earth Farming Ltd. where he was Director of Procurement and previously Director of Investor Relations. He has also worked for Vostok Nafta Investment Ltd. and Svenska Handelsbanken. Mr. Wetterling is a Swedish citizen and is fluent in Russian. He holds a Master of Science in Economics and Business from the Stockholm School of Economics.
Chairman of the board since 2015, Shareholder since 2013
Alexander Rudik started his banking career in 1994 and is the founder and president of Nova Capital LLC.
Member of the Board since 2009
Before founding Nova Capital in 2011, he established the Region Group of Companies, a leading Russian investment group, in 1995 and remained its principal shareholder and president until 2011. He has served as Vice Governor of a constituent entity of the Russian Federation and on the board of directors of Russian Timber Group LLC. He also chaired the Subcommittee on the Wood Processing Industry and Housing Construction of the Russian Federation Chamber of Commerce’s Committee on the Development of the Timber Industry and Forestry and is a former member of the Forestry Board of the Russian Federation Ministry of Natural Resources. Alexander Rudik is independent in relation to RusForest and its management, but not in relation to its major shareholders due to his affiliation with Nova Capital.
Alexander Rudik is a member of the general council of the all-Russian public organization Business Russia.
Per Brilioth is a graduate of Stockholm University and holds a Master of Finance from the London Business School. Per Brilioth is the managing director and a Board member of Vostok Nafta Investment Ltd since 2007 and has worked closely with the Russian stock market for many years. Per Brilioth is independent in relation to RusForest, its management and its major shareholders.
Member of the Board since 2013
Per Brilioth is a Board member of Vostok Nafta Investment Ltd, Avito AB, X5 Group AB, Tethys Oil AB and Svenska Fotografiska museet AB.
Peter Nilsson is CEO of Bergs Timber AB and has more than 30 years of forestry experience. Peter Nilsson served as COO of RusForest from October 2012 through March 2013, before joining the RusForest board of directors. Previously, Peter Nilsson was CEO of Södra Timber AB and Geijer & Söner AB. He has also held various positions at SCA Timber AB, including CEO of the UK operations. Peter Nilsson has served on several boards in the sawnwood distribution and homebuilding industries.
Member of the Board since 2011
Peter Nilsson is independent in relation to RusForest, its management and its major shareholders.
Camilla Öberg holds a Degree in Economics and Business Administration from Stockholm School of Economics. From 2006 to 2011 Camilla Öberg was employed at the IT-company Logica, and was CFO of Logica Sweden AB from 2007. Between 1998 and 2006 Camilla Öberg was employed at WM-data, where she, inter alia, worked as head of IR and Group Treasury. Camilla Öberg also worked as CFO of one of WM-data’s subsidiaries and as business controller for one of four business areas. During her first two years at WM-data Camilla Öberg worked as CFO of Företagarservice. Before her time at WM-data, she worked as, inter alia, CFO of Integro AB, as CFO of Lexicon and in accounting and external reporting at SEB. Camilla Öberg is independent in relation to RusForest, its management and its major shareholders.
Camilla Öberg is a Board member of Black Earth Farming Ltd. She is also CFO for Cybercom Group AB. Camilla Öberg is also a Board member of subsidiaries of Cybercom Group AB.
The Board of Directors is ultimately responsible for ensuring satisfactory control of risk management, reporting, financial accounting and similar issues as well as that the company's financial reports are produced in accordance with legislation and applicable accounting standards. In order to support the execution of the Board’s supervisory role in audit issues, at the annual general meeting, held 20 May 2010, it was resolved that the Company shall have an Audit Committee. This committee reports to the Board and its decision-making is restricted to specific areas. The audit committee shall consist of up to three members with one board member acting as chairman for the committee.
At the annual general meeting, held 20 May 2010, it was also resolved that the Company shall have an Operational Committee, consisting of up to three members and one board member acting as chairman for the committee. This committee reports to the Board and its decision-making is restricted to specific areas.
The audit committee shall function as the primary communication channel between the board and the Company’s auditors and shall be responsible for the preparation of the board’s work to assure the quality of the Company’s financial reporting. The audit committee has a particular responsibility to review and bring any problems with the internal control of financial reporting to the Board of Directors’ attention. Potential reported shortcomings are followed up by management and the audit committee.
The audit committee shall address any critical accounting issues and review the financial reports issued by the Company. Among other the following issues and reports shall be considered:
– matters of internal control and application of relevant accounting principles and laws.
– discuss any uncertainties in presented values, changes in estimates and appraisals.
– significant events after the reporting period.
– address any established irregularities.
– the Company’s annual report and the interim reports which are prepared four times annually shall be reviewed.
– discuss any other issues than the above that might affect the quality of the Company’s reporting.
The audit committee meets with the Company’s auditors on a continuous basis (at minimum once a year) to keep informed of the direction and extent of the audit. The audit committee and the auditors shall also discuss the coordination between internal control and external audit and the auditors’ views on potential risks to the Company’s quality of reporting.
– The audit committee shall set the guidelines for what other services than audit the Company may procure from the auditors.
– The audit committee shall on an annual basis in connection with the end of the financial year, evaluate the performance by the Company’s auditors. They shall inform the nomination committee of the result of the valuation, to be considered when they nominate auditors for the AGM.
– Assist the nomination committee in the process of nominating auditors and remuneration for the auditors.
– The audit committee shall review the annual and interim reports and make recommendations on these to the Board of Directors.
The role of the operational committee is to make suitable investment recommendations and review the budget and operations in the operating units on a regular basis. These recommendations must at all times be in line with the overall strategy of the Company as decided by the Board of Directors.