Executive Governing Bodies
The current activities of the Company are governed by the executive bodies of PJSC Rosseti South (General Director and Management Board), which report to the General Meeting of Shareholders and the Board of Directors of the Company.
General Director
Alexey Rybin
The General Director is elected by the Company’s Board of Directors and acts as the sole executive body and the Chairman of the Management Board of the Company.
The authority of the General Director includes issues related to the management of the Company’s day-to-day operations, except for issues within the purview of the General Meeting of Shareholders, the Board of Directors and the Management Board of the Company.
Until 27 December 2024, Boris Ebzeev was the General Director of the Company, who had held this position since 17 June 2014.
Effective 28 December 2024, Alexey Rybin was appointed General Director of the Company (decision of the Board of Directors of the Company dated 26 December 2024 (Minutes No. 600/2024 dated 26 December 2024) The personal details of Alexey Rybin are contained in the section herein on the biographies of the members of the Management Board. .
The results of management decisions regarding the Company’s focus areas adopted by the Company’s General Director in 2024 are reflected in the relevant sections of the present Annual Report.
Management Board
The Management Board of the Company is the collegial executive body of the Company responsible for the practical implementation of the objectives, development strategies and policies of the Company. In accordance with the PJSC Rosseti South’s Articles of Associations, the General Director of the Company chairs the Management Board.
The main tasks of the Management Board of the Company are:
- To organise effective management of the Company’s operational activities
- To make sure the plans and resolutions of the General Meeting of Shareholders and the Board of Directors of the Company are delivered
- To implement the Company’s financial and economic policy, develop decisions on the most important issues of its current business activities and coordinate the work of its subdivisions
- To increase the efficiency of the internal control and risk monitoring systems
- To devise and implement the Company’s current business policy in order to raise its profitability and competitiveness
The activities of the Company’s Management Board The remit of the Management Board of PJSC Rosseti South is defined by the Company’s Articles of Association. are regulated by the Federal Law on joint stock companies, the Articles of Associations of the Company, the Regulation on the Management Board approved by the decision of the annual General Meeting of Shareholders on 31 May 2019 (Minutes No. 20 dated 5 June 2019).
Pursuant to the Articles of Association, members of the Management Board are elected by the Company’s Board of Directors in a number determined by a resolution of the Board of Directors on the proposal of the General Director.
The quantitative composition of the Company’s Management Board is determined by the decision of the Company’s Board of Directors dated 26 May 2023 (Minutes No. 523/2023 dated 29 May 2023) and consists of seven persons.
During the reporting year, the staff reshuffles took place within the Management Board: due to the early termination of the powers of General Director Boris Ebzeev, he ceased to be the Chairman of the Management Board of the Company. Following his appointment as General Director, Alexey Rybin became Chairman of the Management Board, which as of 31 December 2024 consisted of six members. In February 2025, in accordance with the decision of the Company’s Board of Directors, Alexander Tykushin, Deputy General Director for Sale of Services, joined the Management Board.
Pursuant to Article 22 of the Articles of Association of PJSC Rosseti South, among other issues, the Management Board of the Company makes decisions on matters within the purview of the supreme governing
Composition of the Management Board
Current membership of the Management Board as at the end of the reporting year
Alexey Rybin
General Director, Chairman of the Management Board since 28 December 2024
Year of birth: 1972
Education: higher.
1994, Zhukovsky Kharkov Aviation Institute, mechanical engineer qualification, major in aviation engines and power plants
1998, Rostov State University, lawyer qualification, major in legal studies
2024, Federal State Budgetary Educational Institution of Higher Education National Research University Moscow Power Engineering Institute, Master’s degree in electrical power engineering and electrical engineering
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2012 | 2021 | Public Joint Stock Company Rosseti South | Deputy General Director for Economics and Finance |
2013 | 2024 | Public Joint Stock Company Rosseti South | Member of the Management Board |
2018 | present time | Joint Stock Company Volgograd Inter-District Power Grids | Member of the Board of Directors |
2021 | 2024 | Public Joint Stock Company Rosseti South | Deputy General |
2021 | present time | Joint Stock Company Volgograd Inter-District Power Grids | General Director (part-time) |
2024 | present time | Public Joint Stock Company Rosseti South | General Director, Chairman of the Management Board |
2024 | present time | Public Joint Stock Company Rosseti Kuban | Acting General Director (part-time), Chairman of the Management Board |
Date of first election as a member of the Management Board | 30.09.2013 | ||
Information on shareholding in the Company during the reporting year: none
Pavel Goncharov
Year of birth: 1966
Education: higher.
1992, Pavlodar Industrial Institute, electrical engineer qualification, major in electrical systems
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2011 | present time | Public Joint Stock Company Rosseti South | Member of the Management Board |
2013 | 2022 | Public Joint Stock Company Rosseti South | Deputy General Director for Technical |
2013 | 2023 | Joint Stock Company Energoservis Yuga | Chairman of the Board of Directors |
2021 | 2022 | Public Joint Stock Company Rosseti Kuban | Assistant Director General, Administration Department (part-time) |
2022 | present time | Public Joint Stock Company Rosseti South | First Deputy General |
2023 | present time | Joint Stock Company Energoservis Yuga | Member of the Board of Directors |
Date of first election as a member of the Management Board | 16.09.2011 | ||
Yulianna Dzhabrailova
Year of birth: 1981
Education: higher.
2003, Higher Kuban Institute of International Business and Management, economist qualification, major in finance and credit
2016, Kuban State Agrarian University, Bachelor’s degree, major in agroengineering
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2016 | present time | Public Joint Stock Company Rosseti South | Deputy General |
2016 | present time | Public Joint Stock Company Rosseti South | Member of the Management Board |
2016 | present time | Joint Stock Company Energetik Recreation Facility | Chairman of the Board of Directors |
2017 | present time | Public Joint Stock Company Rosseti South | Director of Kubanenergo, a branch of PJSC Rosseti South (part-time) |
2018 | present time | All-Russian Branch Association of Employers of the Electric Power Industry Energy Employment Organisation Association of Russia | Member of the Supervisory Board |
2021 | present time | Public Joint Stock Company Rosseti Kuban | Deputy General |
2021 | present time | Public Joint Stock Company Rosseti Kuban | Member of the Management Board |
Date of first election as a member of the Management Board | 07.09.2016 | ||
Kirill Iordanidi
Year of birth: 1985
Education: higher.
2006, University of Indianapolis (Indiana, USA), Bachelor’s degree, major in economics and finance
2007, International College (Republic of Cyprus), Bachelor’s degree in management
2011, Federal State Budgetary Educational Institution of Higher Professional Education South Russian State University of Economics and Service, Master’s degree in management
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2016 | 2021 | Public Joint Stock Company Rosseti South | Head of the Department of Economics |
2017 | present time | Joint Stock Company Energetik Recreation Facility | Member of the Board of Directors |
2018 | 2021 | Joint Stock Company Agricultural Enterprise Sokolovskoe | Member of the Board of Directors, Chairman of the Board of Directors |
2019 | 2021 | Limited Liability Company YugStroyMontazh | Member of the Board of Directors |
2021 | 2021 | Public Joint Stock Company Rosseti Kuban | Assistant General Director of Documentary and Protocol Support Branch of Administration Department; Assistant General Director of Administration Department (part-time) |
2021 | present time | Public Joint Stock Company Rosseti South | Deputy General Director for Economics and Finance |
2021 | present time | Public Joint Stock Company Rosseti South | Member of the Management Board |
2021 | present time | Public Joint Stock Company Rosseti Kuban | Deputy General Director for Economics and Finance (part-time) |
2021 | present time | Public Joint Stock Company Rosseti Kuban | Member of the Management Board |
Date of first election as a member of the Management Board | 29.10.2021 | ||
Oleg Musinov
Year of birth: 1972
Education: higher.
1998, Khabarovsk State Academy of Economics and Law, lawyer qualification, major in legal studies
2016, Federal State Budgetary Educational Institution of Higher Education Don State Agrarian University, Master’s degree in electrical power engineering and electrical engineering
Additional education:
2021, Federal State Autonomous Educational Institution of Higher Education, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, Executive MBA programme, Master of Business Administration (MBA)
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2014 | 2022 | Public Joint Stock Company Rosseti South | Deputy director general for corporate governance |
2018 | present time | Joint Stock Company Volgograd Inter-District Power Grids | Member of the Board of Directors |
2019 | present time | Public Joint Stock Company Rosseti South | Member of the Management Board |
2021 | 2022 | Public Joint Stock Company Rosseti Kuban | Assistant Director General, Administration Department (part-time) |
2022 | 2024 | Public Joint Stock Company Rosseti Kuban | Assistant to the General Director for General Management of the Executive Office (part-time) |
2022 | present time | Public Joint Stock Company Rosseti South | Deputy General Director for Legal and Corporate Governance |
2024 | present time | Public Joint Stock Company Rosseti Kuban | Deputy General Director for Corporate Governance (part-time), member of the Management Board |
Date of first election as a member of the Management Board | 27.02.2019 | ||
Alexander Chusovskoy
Year of birth: 1957
Education: higher.
1978, Moscow Higher Frontier Command Red Banner College of the KGB under the Council of Ministers of the USSR named after Mossovet, general military officer with higher general education qualification, major in command, general military
1985, Andropov Red Banner Institute of the USSR KGB, specialist on international affairs qualification, major in international relations
Period | Organisation | Position | |
|---|---|---|---|
from | to | ||
2013 | present time | Public Joint Stock Company Rosseti South | Deputy General Director for Security |
2014 | present time | Public Joint Stock Company Rosseti South | Member of the Management Board |
2022 | present time | Public Joint Stock Company Rosseti Kuban | Assistant General Director of General Management of the Executive Office; Assistant General Director of the Administration Department (part-time) |
Date of first election as a member of the Management Board | 21.04.2014 | ||
Members of the Management Board of the Company:
- Had no family ties with persons who are members of the governing and (or) control bodies of PJSC Rosseti South
- Were not held administratively liable for violations in the field of finance, taxes and fees, securities market, or criminally liable for economic and/or public-order crimes
- Did not hold positions in governing bodies of commercial organisations during the period, when bankruptcy proceedings and/or one of the bankruptcy procedures under the Russian insolvency (bankruptcy) laws were initiated against these organisations
- Had no conflict of interest with members of the Board of Directors and executive bodies of PJSC Rosseti South (including those related to the participation of these persons in governing bodies of the Company’s competitors)
- Did no submit information on certain shareholders that might purchase or purchased a degree of control disproportionate to their shareholdings in the Company, including under shareholder agreements, availability of ordinary shares with different share denomination
Member of the Management Board, Pavel Goncharov, owns ordinary shares of PJSC Rosseti South in the amount of 0.0002% of the Company’s authorised capital. Other members of the Company’s Management Board do not own shares of PJSC Rosseti South, shares of subsidiaries and affiliates of PJSC Rosseti South. The Company had no Information on transactions made by the members of the Management Board on acquiring or disposing of the shares. The consent of all members of the Company’s Management Board was obtained to disclose information about them in the present Annual Report.
Statistical data on meetings
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
Meetings held | 38 | 41 | 53 | 61 | 50 |
in the form of joint attendance | 0 | 0 | 0 | 0 | 0 |
Issues reviewed | 167 | 221 | 239 | 253 | 253 |
In the reporting period, 50 meetings were held (all in absentia).
Meetings of the Management Board were held in accordance with its action plans and on the initiative of the Chairman of the Management Board.
Among the most important issues addressed by the Company’s Management Board in 2024 are as follows:
- On reviewing the information of the Company’s Management on implementation of the corrective measures to eliminate gaps identified by the Company’s Auditing Commission, Company’s internal audit, third-party control and supervision bodies on implementation of measures taken to address the information about potential cases of unfair practices of employees, and following the results of investigations made at year-end 2023
- On considering reports of risk owners on management of functional risks and business process risks of the Company
- On reviewing progress reports on the RAS composite and IFRS consolidated business plans of Rosseti South for 2022
- On reviewing reports on the financial and business performance of subsidiaries and affiliates of PJSC Rosseti South
- On reviewing the report on acquiring power industry facilities, which can be acquired without approval of the Board of Directors
- On reviewing quarterly reports on concluded compensation agreements of PJSC Rosseti South
- On previewing the parameters of the business plan of PJSC Rosseti South and forecast indicators for subsequent periods
- On approving the Risk Register of PJSC Rosseti South for 2025, the Company’s Risk Management Action Plan, and the Risk Map of PJSC Rosseti South
Additionally, a sizable portion of the issues that were examined in 2024 had to do with choosing how to close deals involving property, works and services, the value of which ranged from 1 to 25% of the book value of the Company’s assets as stated in the accounting (financial) statements as of the last reporting date.
In addition to the current management of the Company, the Management Board, as one of the main participants of the risk management process, devoted a significant part of its time to streamlining the internal control and risk management system, as well as to proposals for its development and improvement at the Company.
Prevention of Conflicts of Interest
GRI 2-15
The Company is more focused on preventing and reducing the effects of any conflicts of interest among government body members of the Company.
The settlement of conflicts of interest is based on the Code of Corporate Ethics, the Regulations on the Board of Directors and the Regulations on the Management Board of the Company approved by the Company.
As recommended by the Corporate Governance Code of the Bank of Russia, members of the Board of Directors are advised to refrain from actions that will or may lead to a conflict between their interests and the interests of the Company. The executive bodies of the Company are subject to the duty to act fairly and honestly in the best interests of the Company.
The requirements of Article 82 of the Federal Law on joint stock companies for the sending of notices to PJSC Rosseti South regarding indications of potential interest in the Company’s transactions were satisfied by all members of the management bodies of the Company.