7 Oct 2013 18:20

Former Uralkali head to chair Nafta Moskva board

MOSCOW. Oct 7 (Interfax) - Artyom Volynets is quitting his post as board chairman at Suleiman Kerimov's Nafta Moskva, a company spokesman told Interfax.

The new board chairman will be Pavel Grachev, he added.

Grachev returned to Nafta Moskva in September 2013. Earlier he was general director of Far East and Baikal Region Development Fund, and in 2010-2011 he was president and CEO of OJSC Uralkali . He was part of the OJSC Polyus Gold and OJSC PIK Group boards in 2009, director of the legal department of Nafta Moskva in 2006-2008 and a board member at OJSC Polymetal .

Volynets was chairman of the Nafta Board from July 2013. Before that he was CEO at Oleg Deripaska's En+ Group.

Volynets worked at the consulting group Monitor Group and went to SUAL in 2003. He represented Viktor Vekselberg's holding in talks about setting up a company with Rusal. He then became strategy and corporate development director of the new company. In this post Volynets prepared a deal for Rusal to buy a blocking stake in Norilsk Nickel from Mikhail Prokhorov and an IPO for the aluminum company on the Hong Kong exchange. In the summer of 2010 he went to En+ Group as first deputy CEO and soon became CEO. After he quit, Deripaska took over as CEO.

Kerimov structures own shares in various public companies, including Uralkali, Polyus Gold International Limited, PIK, VTB and others.