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Olga Golodets

... absence — that she might be his "representative" in the government. Labor economist Olga Golodets, who will focus on social issues as one of seven deputy prime ministers in Dmitry Medvedev's new government, ran human resources at Norilsk Nickel from 1999 to 2008, when Prokhorov owned a stake in the company. A source told Vedomosti that she could be seen as Prokhorov's representative in the new government, but sources close to Prokhorov said the links between the two shouldn't be exaggerated...

Alexander Novak

... (Àëåêñàíäð Âàëåíòèíîâè÷ Íîâàê) was born on August 23, 1971 in the town of Avdeyevka, Ukraine. Education: Economics and Steel Industry Management, Norilsk Industrial Institute, 1993; Management, Moscow State University, 2009 1988-1997: Worked at Norilsk Nickel (Zavenyagin Steel Combine in Norilsk) as a hydrometallurgy machine operator, technician, assistant engineer for labor efficiency and wages, economic expert and head of the accounts department at the finance office 1997-1999: Department head, board...

RusAl Q1 Down 84%

Reuters

The world's biggest aluminum producer RusAl posted an 84 percent drop in first-quarter net profit as prices fell, potentially fueling a shareholder row over the company's refusal to sell its stake in Norilsk Nickel. The world's biggest aluminum producer RusAl posted an 84 percent drop in first-quarter net profit as prices fell, potentially fueling a shareholder row over the company's refusal to sell its stake in Norilsk Nickel. RusAl also nominated Matthias...

Trends on the Russian M&A Market: Theory vs. Practice

By Ovanes Oganisian / Troika Dialog

... delayed Bankers are in search of other m&A ideas. In theory, Russia is an M&A paradise. There is an abundance of innovative ideas.  Theoretically, if you're a tycoon and you are bold enough, you can buy Gazprom, LUKoil, TNK-BP, Uralkali or Norilsk Nickel, financing the purchase with collateral and then paying out the loan from the company's dividend stream. You can spend $30 billion buy Surgutneftegaz, which owes $30 billion in cash and then get oil assets for free. Or you can buy Mosenergo, which...

Norilsk Dividend Set

The board of Norilsk Nickel recommended a dividend of 196 rubles ($6.17) per share for 2011, up 8.9 percent on last year. The dividend is to be approved at the company's annual shareholder meeting on June 29, Norilsk said. The record date was set for May 24. Last year Norilsk...

Swiss Pass on Deripaska

The Swiss Federal Prosecutor's Office has decided not to investigate complaints by Oleg Deripaska against Vladimir Potanin, his Interros Holding and Norilsk Nickel, Interros said. The Swiss prosecutor failed to find enough evidence to start an investigation, Interros said Thursday. The Swiss Federal Criminal Appeal Court ruled in April that there were no grounds to hear the case. Deripaska filed several legal...

Newsmaker: Golodets Called Prokhorov's Stand-In

By Jonathan Earle / The Moscow Times

... absence — that she might be his "representative" in the government. Labor economist Olga Golodets, who will focus on social issues as one of seven deputy prime ministers in Dmitry Medvedev's new government, ran human resources at Norilsk Nickel from 1999 to 2008, when Prokhorov owned a stake in the company. A source told Vedomosti that she could be seen as Prokhorov's representative in the new government, but sources close to Prokhorov said the links between the two shouldn't be exaggerated...

What Putin's Piecemeal Reforms Will Look Like

By Anders Aslund

... is likely to occur in the important energy sphere. Incredibly, Igor Sechin was replaced as deputy prime minister for energy by Medvedev's liberal economic aide, Arkady Dvorkovich. Moreover, the new energy minister, Alexander Novak, comes from Norilsk Nickel and the Finance Ministry. Sechin, who has been closer to Putin than anybody for the last two decades, was soundly demoted to head Rosneft. This must presage a long-overdue major change in energy policy. The first step is likely to be higher taxes...

New Cabinet Has Familiar Cast of Characters

By Anatoly Medetsky / The Moscow Times

... deputy prime minister for social issues, Putin said at a Kremlin naming ceremony. Most recently, she was a deputy to Mayor Sergei Sobyanin, covering health care and education since December 2010. For almost a decade until 2008, she worked as Norilsk Nickel deputy director for personnel. Vladislav Surkov, Dmitry Kozak, Dmitry Rogozin and Alexander Khloponin preserved their positions as deputy prime ministers. Surkov will also be the Cabinet’s chief of staff, Putin said. The Kremlin and the Cabinet...

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