REPORT for 2015 year

4.6. Executive Bodies

Sole Executive Body

The Sole Executive Body – President of Transneft PJSC performs current management of the Company business and is the Chairman of the Board.  

Tokarev Nickolay Petrovich was elected as the President of the Company under the resolution of the extraordinary General Shareholders’ Meeting of Transneft PJSC, pursuant to the Decree of the Federal Agency for State Property Management dated 12.10.2007 № 3264-р “On resolutions of the extraordinary General Shareholders’ Meeting of Public Oil Transport Company Transneft, PJSC for the period of five years.

Under the Resolution of the extraordinary General Shareholders’ Meeting of Transneft PJSC, pursuant to the Decree of the Federal Agency for State Property Management dated 05.05.2012 №679-р “On resolutions of the extraordinary General Shareholders’ Meeting of Public Oil Transport Company Transneft, PJSC the Agreement of Employment by the President of Transneft PJSC   Tokarev N.P. was extended for three years.

Under the Resolution of the extraordinary General Shareholders’ Meeting of Transneft PJSC, pursuant to the Decree of the Federal Agency for State Property Management dated 24.04.2015 №264-р “On resolutions of the extraordinary General Shareholders’ Meeting of Public Oil Transport Company Transneft, PJSC Tokarev N.P. was appointed as the sole body – the President of Transneft PJSC   for the period of five years.

Tokarev Nickolay Petrovich

Year of birth 1950
Education: higher education 
Job titles within recent 5 years:
2007 - presently working – President, Chairman of the Board Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none.

Collegial Executive Body

The Collegial Executive Body –Transneft PJSC Board of Directors ensures performance of managerial functions and acts basis on the Transneft PJSC Charter and Regulation on the Board approved by the Annual General Shareholders’ Meeting of PJSC Transneft dated 28.06.2002 (Minutes № 1).

Members of the Board of Transneft PJSC as of 31.12.2015 year

Full name

Position

1

Tokarev Nickolay Petrovich

President, Сhairman of the Board

2

Grishanin Maxim Sergeyevich

First Vice President

3

Andronov Sergey Alexandrovich

Vice President

4

Barkov Mikhail Alexandrovich

Vice President

5

Korol Boris Mikhailovich

Vice President

6

Margelov Mikhail Vitalyevich

Vice President

7

Revel-Muroz Pavel Alexandrovich

Vice President

8

Rushailo Vladimir Borisovich

Vice President

9

Sapsay Alexey Nikolayevich

Vice President

Data on the Members of the Board of Directors

Tokarev Nickolay Petrovich

Year of birth 1950 
Education: higher education 
Job titles within recent 5 years:
2007 - presently working – President, Chairman of the Board of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Andronov Sergey Alexandrovich

Year of birth 1969 
Education: higher education 
Job titles within recent 5 years:
2007 – 2012 – Head of the Department of Oil and Petroleum Products Export of “OC “Rosneft” PLC 
2012 – 2014 – President Assistant of “OC “Rosneft” PLC
2014 – presently working - Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none 

Barkov Mikhail Alexandrovich

Year of birth 1951 
Education: higher education 
Job titles within recent 5 years:
2007 - presently working - Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Grishanin Maxim Sergeyevich

Year of birth 1968
Education: higher education 
Job titles within recent 5 years:
2010 - 2011 – Corporate Finance Director of “Aircraft Holding Company “Soukhoy” PLC
2011 - presently working -  First Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Korol Boris Mikhailovich

Year of birth 1955 
Education: higher education 
Job titles within recent 5 years:
2010 - presently working - Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Margelov Mikhail Vitalyevich

Year of birth 1964 
Education: higher education 
Job titles within recent 5 years:
2000 – 2014 – Member of the Council of Federation of the Federal Assembly of the Russian Federation representing the Pskov Region – representative in the  Council of Federation of the Federal Assembly of the Russian Federation on behalf of Pskov Region Administration 
2014 - presently working - Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Revel-Muroz Pavel Alexandrovich

Year of birth 1974 
Education: higher education 
Job titles within recent 5 years:
2008 - presently working - Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Rushailo Vladimir Borisovich

Year of birth 1953 
Education: higher education 
Job titles within recent 5 years:
2008 - 2013 – First Vice Chairman of the Committee of Council of the Federation Committee on Constitutional Legislation, Legal and Judicial Affairs and Civil Society Development 
2008 – presently working – Chairman of the Supervisory Board of A.S. Griboedov Institute of International Law and Economics 
2013 - presently working – Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none

Sapsay Alexey Nikolayevich

Year of birth 1953 
Education: higher education 
Job titles within recent 5 years:
2008 - 2013 – First Vice Chairman of the Committee of Council of the Federation Committee on Constitutional Legislation, Legal and Judicial Affairs and Civil Society Development 
2008 – presently working – Chairman of the Supervisory Board of A.S. Griboedov Institute of International Law and Economics 
2013 - presently working – Vice President of Transneft PJSC  
Share in charter capital of the Company: none 
Share of held Company common stock: none 

Remuneration to the executive bodies and dependence on the system of key performance indicators

Regulation on Remuneration to the sole executive body of   Transneft PJSC  was approved as amended by the Resolution of the Board of Directors Transneft PJSC  dated 15.01.2016 (Minutes № 1) and contemplates dependence of remuneration on implementation of key performance indicators. The said Regulation is applied to determine the remuneration to the sole executive body beginning from payments following the results of 2015 year.

The members of the Board of Transneft PJSC, as well as employees of Transneft PJSC are paid with monthly salary and other lump payments (including year remuneration, the size of which is determined depending on implementation of key performance indicators within the reporting period).

The total amount of remuneration, benefits and rewards for 2015 year to the collegial executive body (Board), RUR.

№ 

Indicator

Value

1

Remuneration, bonuses and rewards for work in another form, including:

904 500 943,87

2

Rewards for participation in the work of the management body

-

3

Salary

351 429 914,50

4

Bonuses

428 132 899,03

5

Commissions

-

7

Benefits

108 812 899,78

8

Reimbursement of expenditures

16 125 230,56

9

Other types of rewards

-