Remuneration of Members of the Board of Directors

The Company’s Regulations on Payment of Remuneration and Reimbursement of Expenses of Members of the Board of Directors specify the entire list of types and terms of payments to directors, which ensures transparent remuneration payment process.

On 21 june 2018, the annual general shareholders meeting resolved to pay the following remuneration amounts to members of the board of directors pro-rata to the time served:

  • Gerhard Schroeder – USD 600,000 (for discharging the functions of a Chairman of the Board of Directors);
  • Faisal Alsuwaidi – USD 530,000 (for discharging the functions of a Board member and a Strategic Planning Committee Member);
  • Matthias Warnig – USD 580,000 (for discharging the functions of a Chairman of the Board of Directors, a Chairman of the HR and Remuneration Committee, and a member of Audit Committee);
  • Oleg Viyugin – USD 565,000 (for discharging the functions of a Board member, a ChairmanActed as the Chairman of the Strategic Planning Committee till 29 September 2017./a member of the Strategic Planning Committee, and a member of Audit Committee);
  • Ivan Glasenberg – USD 530,000 (for discharging the functions of a Board member and a Strategic Planning Committee Member);
  • Donald Humphreys – USD 580,000 (for discharging the functions of a Board member and a Chairman of the Audit Committee);

No remuneration for 2017/2018 corporate year was paid to Andrey Belousov, Robert Dudley, Guillermo Quintero, Alexander Novak, Igor Sechin.

The total remuneration to the members of the Board of Directors for the 2017–2018 corporate year amounted to USD 3,385,000 mln.

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