27.09.2007, 17:03
Michael Nossal, Finance Director of EN+, Will Serve as CEO of EN+
OREANDA-NEWS. “Andrew is responsible for building EN+ into a strong international company with a highly professional management team and high standards of corporate governance. He introduced effective management systems and improved our corporate governance standards leaving EN+ and its businesses in a much stronger position today than two years ago. I wish him well for the future.”, - said Gulzhan Moldazhanova, CEO of Basic Element.
“I want to thank Mr. Deripaska for giving me the exciting opportunity to establish and run EN+. The task of turning En+ into a well run and highly respected company was a fantastic challenge. I now feel that I have accomplished what I set out to do at EN+ and am looking forward to taking a break before embarking on my next professional challenge. I would like to extend my best wishes to all my colleagues at EN+ and Basic Element”, - said Andrew Michelmore.
Michael Nossal, Finance director of EN+, will serve as CEO of EN+.
About EN+
Basic Element’s Energy sector En+ was founded in 2005. Its three largest assets are UC RUSAL, the world’s largest producer of aluminum, Central-European Aluminum company, which runs Aluminum Plant Podgorica in Montenegro and Eurosibenergo, one of Russia’s largest producers of electric energy. Sales of En+ amounted to $10,89 bln last year.
About Basic Element
Basic Element is a diversified investment company with assets in Russia and abroad. Basic Element’s core assets are in seven sectors - Aviation, Energy, Machinery, Resources, Financial Services, Construction and Development.
The consolidated revenue of the Group’s portfolio businesses exceeded $18 billion in 2006. Its combined asset value was more than $23 billion. The Group employs 240,000 people. Companies in the Basic Element Group are located in Russia and in countries of the CIS, Europe, Africa and Latin America, as well as Australia.
“I want to thank Mr. Deripaska for giving me the exciting opportunity to establish and run EN+. The task of turning En+ into a well run and highly respected company was a fantastic challenge. I now feel that I have accomplished what I set out to do at EN+ and am looking forward to taking a break before embarking on my next professional challenge. I would like to extend my best wishes to all my colleagues at EN+ and Basic Element”, - said Andrew Michelmore.
Michael Nossal, Finance director of EN+, will serve as CEO of EN+.
About EN+
Basic Element’s Energy sector En+ was founded in 2005. Its three largest assets are UC RUSAL, the world’s largest producer of aluminum, Central-European Aluminum company, which runs Aluminum Plant Podgorica in Montenegro and Eurosibenergo, one of Russia’s largest producers of electric energy. Sales of En+ amounted to $10,89 bln last year.
About Basic Element
Basic Element is a diversified investment company with assets in Russia and abroad. Basic Element’s core assets are in seven sectors - Aviation, Energy, Machinery, Resources, Financial Services, Construction and Development.
The consolidated revenue of the Group’s portfolio businesses exceeded $18 billion in 2006. Its combined asset value was more than $23 billion. The Group employs 240,000 people. Companies in the Basic Element Group are located in Russia and in countries of the CIS, Europe, Africa and Latin America, as well as Australia.
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