Management

Aleksandr Williams, Chief Executive Officer, RusForest
Mr. Williams has more than fifteen years experience of asset management, corporate finance and advisory activities in Russia and the rest of the CIS, and was previously responsible for Vostok Nafta's operations in Russia. Prior to this, Mr. Williams spent six years at PricewaterhouseCoopers working closely with Russian management teams as a management consultant. Mr. Williams has a degree in theoretical physics from the University of St. Andrews and a Master of Business Administration from the City University Business School (London).

Vitaly Zhukov, Chief Financial Officer, RusForest
Mr Zhukov has a degree in Economics from the St. Petersburg State Institute of Fine Mechanics and Optics, and is a Russian Statutory Auditor from the St. Petersburg State University. Prior to joining RusForest, Mr. Zhukov worked for PricewaterhouseCoopers Russia from 2000 until 2005 and acted as CFO of SmartGames International Ltd between 2005 and 2008.
Mr. Zhukov has extensive experience of Russian statutory accounting, US GAAP audit, IFRS reporting and is ACCA qualified.

Vladimir Gaidamakin, Head of Governmental Relations, RusForest
Vladimir Gaidamakin is highly experienced and has worked at senior levels both in government and in the commercial sector. Mr. Gaidamakin has spent much of his working career in the oil and gas industry and in the forestry sector and brings a broad contact network in these sectors. Mr. Gaidamakin is a member of the Russian government's forestry industry working group. Previously, Mr. Gaidamakin was retained as a consultant to one of Vostok Nafta's Russian entities.
In this role he has handled federal and regional government relations. Mr. Gaidamakin has been instrumental in obtaining access to senior political and business figures in Russia and his role is also to generate various business deals and transactions. Mr. Gaidamakin's previous roles include acting as an Advisor to Federation Council on which he represented Bashkiria. Prior to this, Mr. Gaidamakin acted as Chief Specialist of Gosnab (SSSR), a state company which formerly was responsible for all planning and procurement for the Soviet Union's forestry and chemicals industries.
Mr. Gaidamakin was also a director of RMNTK, the centre of analysis of oil & gas exploration and development.
Investment Advisory Committee
The Group has established an Investment Advisory Committee consisting of three members. The Investment Advisory Committee will review all investment and divestment proposals presented by the company. The Investment Advisory Committee will provide the Group with advice and recommendations on such investment and divestment proposals. Advice and recommendations from the Investment Advisory Committee is an important part of a successful implementation of the Group’s investment strategy.
Mikhail Zadornov
Mr. M. Zadornov is currently President of VTB24 (ZAO), a subsidiary of Vneshtorgbank focused on serving retail banking customers and small businesses. Mr. M. Zadornov held a number of important positions in Government of the RF, including: from November 1997 to May 1999 - Minister of Finance of the Russian Federation, in May 1999 he was appointed the First Deputy Prime Minister of the Russian Federation, June-October 1999 Mr. M. Zadornov was Special Representative of the President of the RF on International Finance Institutions Relations being in position of the First Deputy Prime Minister, he was also appointed Special Adviser of the President of the Sberbank of the RF in October 1999. In 1997 Mr.M.Zadornov was a Member of the Board of the Sberbank of the RF and acted as Deputy Chairman of the Sberbank's Supervisory Board.
He was first elected to the State Duma on the 12th December 1993 and was a deputy of the State Duma of the Federal Assembly of Russia of the 1st & 2nd convocations in 1994-1997 as well as Head of the Committee on Budget, Taxes, Banks & Finance. In December 1999 Mr. Zadornov was elected to the State Duma of the Federal Assembly of Russia of the 3rd convocation & appointed Deputy Head of Committee of the State Duma on Budget & Taxes, in December 2003 he was elected to the State Duma of the Federal Assembly of Russia of the 4th convocation and appointed the Chairman of Subcommittee on Monetary Policy, Exchange and Capital Control, Activities of the Central Bank of the Russia Federation.

Sergei Vasiliev
Sergei Vasiliev is senator and represents the St.Petersberg Region in the Federation Council, He is Chairman of the Federation Council's committee on the Securities Market. Prior to being appointed a senator, Mr. Vasiliev held a number of important posts in the Russian Government, in particular he was Deputy Minister of the Economy between 1994 and 1997. Sergei Vasiliev was a key architect of reforms in today's Russia and formed part of the core team that designed and implemented Russia's transformation to a market economy.

Alexander James Stewart
Alexander James Stewart has over 20 years of capital markets experience with an emphasis on emerging markets. Mr. Stewart has been involved in both equity sales and research. He has held a number of important positions in leading investment banks working out of the City of London. Stewart's previous responsibilities included Head of Equities at RZB, Head of Equities at Banco do Brasil and Head of Emerging Market Equity Sales and Deutsche Morgan Grenfell. He is currently Head of Institutional Research at Eden Financial, a specialist firm providing independent research to institutional investors.
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