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Oleg Deripaska Left the Board of Directors of En + Group
May 15, 2018 17:33


Russian businessman, Oleg Deripaska, left the board of directors of En + Group and in the near future he will leave the board of directors of the Rusal Company.

The Board of Directors of En + unanimously approved the plan of Chairman, Gregory Barker, designed to withdraw USA sanctions from En +, Rusal and Eurosibenergo. He assumes a decrease in the share of Deripaska in En + below 50 percent and reduction in his influence. Deripaska's place in the board of directors of Rusal will be taken by the independent director of En + - Philip Melfey.

Earlier Deripaska was forced to return three private business-class aircraft in lease because of the sanctions imposed on him by the USA government. In early April Washington imposed the sanctions on Russian businessmen, companies, officials and top-managers of state corporations. The list includes Rusal Company, En + and its owner - Oleg Deripaska. After that, the shares of Rusal collapsed, but by the end of the month their value rose again.


Author: Anna Dorozhkina


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