воскресенье, 17 апреля 2011 г.

Sergey Chemezov - CEO of Russian Technologies State Corporation


Surname: Chemezov

Name: Sergey

Fathername: Victorovich

Position: CEO of Russian Technologies State Corporation



Chemezov was born on August, 20, 1952 in the city of Cheremkhovo in Irkutsk region.

In 1975 he graduated from the Irkutsk Institute of Economics and after that worked at the Irkutsk Institute of Rare and Nonferrous Metals and Luch Experimental Industrial Association.

In 1983-1988 he headed a Luch division in Dresden in German Democratic Republic.

In 1989 he was appointed deputy CEO of foreign trade association Sovintersport.

In 1996 he joined the Presidential Administration where he headed the Department of Foreign Economic Relations supervised by Putin.

In 1999 he became CEO of the Federal State Unitary Enterprise Promexport.

In November 2000 he was appointed first deputy head of Rosoboronexport.

In April 2004 he headed Rosoboronexport.

In April 2006 he headed the bureau of non-government organization Russian Union of Mechanical Engineers. In December of that year he became chairman of the board of directors of AvtoVAZ. In the same month at the congress of United Russia he was elected to the Supreme Council of the party.

On April, 28, 2007 he was elected chairman of the Russian Union of Mechanical Engineers.

On November 26, 2007 Putin appointed Chemezov CEO of the state corporation Russian Technologies.

Chemezov is a Member of the Academy of Military Science and has a PhD in economics. Since September 2007 he has been head of the board of trustees of the Russian Cycling Federation.


Order of Merit of the IV degree

Medal of Honour

Medal of Legion of Honour (France).

He is married to Ekaterina Ignatova and has four children.

According to official information, in 2009 Chemezov’s income totaled to 34.5 million rubles, he owned a land lot for individual construction, an apartment, a garage, and three commercial non-residential buildings. He also had another apartment at his disposal with no time limitations or fee. His other property includes four cars, three utility terrain vehicles, two snowmobiles, a snow and swamp-going vehicle, and a tractor. Ekaterina Ignatova earned 427.5 million rubles the same year, and owned an apartment, a garage, and five plots of land for individual construction.

Source: Lentapediya




Chemezov does not deny knowing Putin for a long lime thought work. “Indeed, we worked in the German Democratic Republic around the same time ... Lived in one house, and discussed both work and other things like neighbors do.”

Source: Top Secret, April 2009


In 1996, when firmly established in the Office of Presidential Affairs, Putin got a position in the Office for the old friend. Since then Chemezov’s career sprang, in the end resulting in his current position as Rosoboronexport head. Friendship gave room for team play. Every week Chemezov came to the head of state's residence in Novoogarevo for an hour-long meeting.

Source: Russian Forbes, October 2007


After Chemezov became head of Promexport export earnings fell by half. Previously the earnings were as high as 230 - 260 million dollars but under Chemezov they fell to 120 - 130 million dollars. The company fell behind Rosvooruzhenie 12-fold and lost its second place among the exporters of Russian weapons, slipping to the fourth position in the list.

Source: Rossiyskaya Gazeta, 19 September 2000


Sergey Chemezov failed to be a successful manager, but his first year in the arms business was marked by a major scandal. Rosvooruzhenie, a competitor of Promexport, prepared to sign a contract to supply Mi-17 helicopters to Colombia. But at the last moment, when the buyer already agreed to everything, representatives of Chemezov arrived in Bogota and offered the same helicopters at a cheaper price. After that Colombians refused to conclude the deal. Russian media got hold of the information about it.

Similar things happened in other countries, which resulted in a massive blow on the reputation of Russian weapon trading enterprises, hitting income of Rosvoorouzhenie as well.

Source: The New Times, 10 September 2007


Rosoboronexport preferred to acquire existing manufacturing entitles rather than to set up new ones. The expansion began in 2002, when Rosoboronexport established Oboronprom JSC that carried out most arrangements. In summer 2004 Sergey Chemezov openly admitted that he aimed to gain shares of military enterprises, “not necessarily blocking stakes. Our task is to have a minimum quantity enough for ensuring membership on the board of directors. The best option, of course, is for the government to hand over to us its shares of these companies."

In addition to the military industry Rosoboronexport had interests in, so to say, civilian manufacturing entities.

Source: Financial News, 19 July 2004


In 2005 Chemezov took control of AvtoVAZ for virtually nothing. Having achieved resignation of almost the entire top management of the Togliatti car manufacturing giant, Rosoboronexport appointed its representatives at first to the board of directors of the plant and then to all key positions in the management. According to Sergey Chemezov, dismissing management could be compared to a full-scale field campaign, employing operational and even combat capabilities of the Russian security services (Federal Security Service and Ministry of Internal Affairs), as well as the Attorney General's Office.

The Wall Street Journal reported that in order to convince the old team to leave, a team of investigators and prosecutors arrived in Togliatti after the resignation of Kadannikov. Soon the three chief accountants of AvtoVAZ faced charges of embezzlement and tax dodging. The charges were dropped a few weeks later.

Restoring order took the new owner of AvtoVAZ replacing nearly all the police in Togliatti and at the plant. "We have serious doubts that any private strategic investor would have been able to do it", said Chemezov.

In December 2005 a half-hour meeting of shareholders to elect new management was held in headquarters of the company surrounded by the police cordon. There were no alternative candidates on the ballot.

Source: inosmi.ru, 19 May 2006


In October 2006 Chemezov joined the board of directors of AvtoVAZ. CEO responsibilities were delegated to a management company registered in Moscow, AvtoVAZ Corporate Center ltd. In December of the same year Chemezov headed the board of directors of AvtoVAZ.

Source: Vesti.Ru, 14 December 2006


AvtoVAZ paperwork made it clear that Stanislav Chemezov became a member of the board of directors of the plant’s subsidiary, AvtoVAZenergo. He is the son of Sergey Chemezov, Rosoboronexport CEO and chairman of the board of directors of AvtoVAZ.

Source: Vedomosti, 21 August 2007


In May 2006 titanium producer VSMPO-Avisma shareholders at the annual meeting voted in favour of the government joining the capital of the company. At the same time future shareholder of it was named. It was Rosoboronexport.

When taking over VSMPO-Avisma Chemezov’s team used the conflict between major shareholders, that is, Vladislav Tetyukhin, Vyacheslav Bresht, and Victor Vekselberg. Rosoboronexport top management intervened in the conflict and offered the key owners of the company to sell their shares to the state.

At the same time tax police inspectors came to the company and began checking its financial and economic activity. The audit of VSMPO-Avisma resulted in tax due claims of almost 2.5 billion rubles. In such circumstances all the major shareholders, except Vyacheslav Bresht, thought it best to sell their stakes to Rosoboronexport. Bresht, who controlled about 30% of the enterprise, continued to play for time. But soon a criminal case was filed against one of his relatives. As a result Beshet quickly sold his shares and left the country.

On November, 8, 2006 Rosoboronexport completed the acquisition of 66% of shares in VSMPO-Avisma. Chemezov became head of the board of directors. Rosoboronexport paid about 1 billion dollars, one point five times lower than the market price. Immediately after that all tax claims against the company were lifted and the criminal cases were closed.

Source: Kommersant № 235 (3566), 15 December 2006


In 2008 Russian Technologies received an incredibly generous gift from the government, that is, government-owned shares in 440 companies worth at least 18 billion dollars. Chemezov controlled not only the lion's share of arms exports, but a third of the country's military-industrial complex. It would seem that with such power great things could be done, the more so with the crisis right in time, which, as someone said, "put everything in its place." And it did put things in their places, forcing the “successful manager” to ask government for money. In addition to state-owned stake he needed another 7.22 billion dollars in cash and government securities.

Source: Kommersant № 25 (4080), 12 February 2009


Chemezov’s son, Stanislav, is a co-owner and chairman of the board of directors of Interbiznesgrup Ltd, owning 1% of the entity with the remaining 99% owned by a Belizean offshore company Uberaba Holding SA. This company is the sole owner of Standard-real Ltd, which, in turn, owns 13.33% of the Independent Insurance Group. Another 32.47% of the insurance group are owned by Vitaly Gerasimov, Stanislav Chemezov’s partner in Polisos production. Independent Insurance Group provides insurance to largest military-industrial complex entities including Russian Technologies, Oboronprom, AvtoVAZ, Motovilikhinsky plants, and Almaz-Antey.

Interbiznesgrup also deals in cement. It controls 80% of Oboroncement closed JSC and 50.01% of Oboroncement-Energo Ltd that build cement plants in the Belgorod region. A total of 10% of Oboroncement was owned by the managing company Oboronpromstroy (now - Investstroy closed JSC), a member of Oboronprom military-industrial complex (part of Russian Technologies headed by Chemezov).

Another area of ​​interest of Stanislav Chemezov is the pharmaceutical industry. He owns 30% of the Medfarmtehnologiya enterprise, the management company of the project Farmopolis.

Source: Vedomosti, 28 February 2011


Ekaterina Ignatova, Chemezov’s wife, an engineer-economist by profession, owns 70% and is head of Kate Company that developed the automatic gearbox. In 2009 the company was not yet set up but AvtoVAZ, the blocking stake of which belongs to Russian Technologies, concluded a contract with Katya to install the mentioned gearbox. The contract was worth 300 million rubles.

Source: Vedomosti, 28 May 2009


In April 2010 Ekaterina Ignatova along with some of the world's richest people like Alexander Abramov, shareholder of Evraz Group; Suleiman Kerimov, the owner of Nafta Moskva; and Viktor Vekselberg, beneficiary of Renova, became one of the owners (13.14 percent) of International Finance Club bank, part of Onexim Group owned by Mikhail Prokhorov.

Source: Kommersant № 70 (4370), 21 April 2010


In December 2010 the media reported that Chemezov’s wife was the main owner of a restaurant chain Etazh. As of February 2011, she owned 99.98 per cent of Risont-holding that controlled Etazh chain, Ye club, DJ-bar Picasso, pizzeria dal Capo, bar Aquapark, restaurant Troy, and café-confectionery Éclair.

Source: Vedomosti, 28 February 2011


In March 2011 mass media disclosed that Ekaterina Ignatova was a co-owner of oil and gas holding company Itera, her share being 1.1 percent. According to the sources, by September 2009, a Belize firm Elsamex Enterprises Ltd controlled by Chemezov’s wife owned 5.1% of the holding, and by July 2010 sold 4% to an offshore company Symius Global Corp.

Source: Vesti.Ru, 04 March 2011 

Комментариев нет:

Отправить комментарий