Mr Ian Ashby, Independent Non-Executive Chairman

Mr Ashby was appointed to the Board as Independent Non-Executive Chairman in June 2017. Mr Ashby has 35 years of international experience in the minerals industry across a range of commodities that include copper, iron ore, coal, silver, gold, lead and zinc.

Experience: In his most recent executive role between 2006 and 2012, Mr Ashby was President of BHP Billiton’s Iron Ore division, the largest and most profitable business within BHP Billiton, where he was responsible for global strategy development and execution, opportunity identification, project development and operations. Post his executive career, Mr Ashby has pursued Non-Executive Director roles at Genco Shipping and New World Resources.

External Appointments: Mr Ashby currently holds NED positions on the board of Nevsun Resources and Alderon Iron Ore Corporation and will join the board of Anglo-American plc as a NED with effect from 25 July 2017.


Dr Pavel Maslovskiy, Chief Executive Officer 

One of the cofounders of the Company. Dr Maslovskiy held directorships within the Group including the position of Chief Executive Officer from the Group’s inception in 1994 until December 2011, when he relinquished all remunerated positions following his appointment as a Senator Member of the Federation Council (Upper House of the Russian Parliament).

Dr Maslovskiy retired as a Senator Member in October 2014 and was reappointed as Chief Executive Officer, in November 2014. Dr Maslovskiy acted as Honorary President during 2012 to November 2014.

Experience: Prior to embarking on his business career, Dr Maslovskiy was a Professor of Metallurgy at the Moscow Aircraft Technology Institute.

External Appointments: None.

Committee Membership:  Dr Maslovskiy is a member of the Executive Committee.


Mr Andrey Maruta, Chief Financial Officer

Mr Maruta was appointed to the Board as Finance Director – Russia in January 2011, and promoted to the position of Chief Financial Officer in April 2012.

Experience: Mr Maruta qualified as a Chartered Certified Accountant at Moore Stephens in 2001 and joined the Group in 2003 as Group Chief Accountant. He was appointed Deputy Finance Director in 2005 and Finance Director in 2006. Mr Maruta is a fellow member of The Association of Chartered Certified Accountants.

External Appointments: None.

Committee Membership: Mr Maruta is a member of the Executive Committee.


Mr Bruce M. Buck, Senior Independent Director

Mr Buck was appointed to the Board as Senior Independent Director in June 2017.

Experience:  Mr Buck has been practicing law in Europe since 1983. His work at the law firm of Skadden, Arps, Slate, Meagher and Flom, where he was a partner and is currently Of Counsel, includes a broad range of mergers, acquisitions and capital markets transactions, including IPOs and high-yield transactions. Mr. Buck has been involved in work in Central and Eastern Europe, and particularly in Russia, since 1990

External Appointments: Mr. Buck is also the chairman and a director of Chelsea FC plc.


Mr Garrett Soden, Independent Non-Executive Director

Mr Soden was appointed to the Board as Independent Non-Executive Director in June 2017.

Experience: Mr Soden has extensive international corporate development experience as a senior executive and board member of various public companies in the natural resources sector. He has worked with the Lundin Group of Companies for the last decade. Previously, he was Chairman and CEO of RusForest AB, CFO of Etrion and PetroFalcon Corporation and Non-Executive Director of PA Resources AB. Mr Soden holds a BSc honours degree from the London School of Economics and an MBA from Columbia Business School.

External Appointments: Mr Soden is currently a Non-Executive Director of Etrion Corporation, Gulf Keystone Petroleum Ltd. and Panoro Energy ASA.


Mr Vladislav Egorov, Non-Executive Director

Mr Egorov was appointed to the Board as Non-Executive Director in June 2017.

Experience: Mr Egorov has been practicing law in Russia since 1998. His practice areas include mergers and acquisitions, dispute resolution, antitrust and antidumping regulations and general corporate work. He also has significant experience working as an in-house counsel at Russian natural resources companies. He was previously a Vice President for Legal Affairs at TNK-BP Management, a senior legal counsel at Altimo and the Head of Antidumping and International Arbitration Practice at UC RUSAL.

External Appointments: Mr. Egorov is currently a Deputy M&A and Project Director at Renova Group, the Company’s major shareholder.

Pox Hub


 Latest Report


AGM Presentation