Andrey Melnichenko resigns from SUEK Board of Directors, stands down as main beneficiary
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JSC SUEK (“SUEK”, “Group” or “the Company”) announces that Andrey Melnichenko has resigned from the Board of Directors and withdrawn from the beneficiaries of the Group, effective 9 March 2022.
Andrey Melnichenko was Chairman of the Nomination and Compensation Committee of SUEK’s Board of Directors, and served as a Non-Executive Director of the Group since 2004.
At year-end 2021, the legal entity that held business interests for the benefit of Andrey Melnichenko indirectly owned 92.2% of the Company’s share capital. Following his resignation and withdrawal as beneficiary on 9 March 2022, the share controlled beneficially by Mr. Melnichenko is 0%.
SUEK remains committed to providing coal and essential power to our customers around the world, maintaining business integrity and open communications with all stakeholders, and ensure the well-being of its employees and local communities.