Board of Directors

The Board of Directors is responsible for general governance issues, with the exception of those issues that are designated by law, or by PSB’s charter, as being the responsibility of the General Shareholders’ Meeting. The Board of Directors determines the Bank’s development strategy and objectives, elects the President (CEO) and members of the Management Board, and coordinates their activities.

The Board of Directors meets as necessary and takes decisions by simple majority vote when at least half of the elected Directors are present, unless otherwise required by law or PSB’s charter. The Directors, who are elected at the General Shareholders’ Meetings, may be re-elected an unlimited amount of times. Remuneration of the Directors is approved by the General Shareholders’ Meeting.

The Board of Directors was elected by PSB’s shareholders at the General Shareholders’ Meeting held on 17 June 2011. The nine Directors include:

Alexey Ananiev (1964), Chairman of the Board since 2006 and member of the Board of Directors since 2001. Mr. Ananiev is also Chairman of the Advisory Council of Tekhnoserv. He graduated from the Moscow State Linguistics University in 1987 and Moscow Technical University of Communications and Informatics in 1990. In 2005, Mr. Ananiev received his MBA degree from the University of Chicago (USA).

Artem Konstandyan (1974) member of the Board of Directors since 2010. Mr. Konstandyan is the President of PSB since September 2010 and member of the Management Board since 2005. Served as First Vice-President of PSB in 2007-2010 and Director of the International Business Department in 2004-2007. Prior to joining PSB in 2001, he worked at Mapo Bank and Extrobank. Mr. Konstandyan graduated from the Finance Academy under the Government of the Russian Federation in 1996 and received his Ph.D. in economics in 2000.

Vladislav Zabelin (1975), Deputy Chairman of the Board since June 2011, member of the Board of Directors since 2008. Mr. Zabelin is president of PromSvyazCapital (PSC). Hе graduated from the Moscow State Institute of International Relations in 1997.

Yury Baev (1969), member of the Board of Directors since June 2010. Mr. Baev is Advisor in Tekhnoserv Management company, and Deputy Chairman of the Advisory Council of Tekhnoserv in 2006-2010. In 1995, he graduated from the Moscow State Technical University after Bauman. In 2007 Mr. Baev received an Executive MBA degree from the Warwick Business School (UK).

Dmitry Ermolov (1971) – member of the Board of Directors since June 2011, President CJSC Promsvyaznedvizhmost (PSRealty) in 2008-2011. In 1994 graduated from Moscow Institute of Electronics, in 2004 received MBA degree in Tuck School of Business at Dartmouth (USA).

Dr. Andre Carls (1963), member of the Board of Directors since June 2011 (representing Commerzbank Auslandsbanken Holding AG). He is CEO and member of Board of Managing Directors CAH AG. He graduated from the Köln University (Germany) in 1990 and Ph.D. degree in 1996.

Ilkka Salonen (1955), member of the Board of Directors since June 2010 (representing the European Bank for Reconstruction and Development). Mr. Salonen has vast knowledge in banking due to his work experience at International Moscow Bank, Renaissance Investment Management, and Sberbank. He graduated from the Helsinki University (Finland) in 1981.

Pierre Casse (1942), independent member of the Board of Directors since June 2011. Mr. Casse is Full Professor of Leadership at the Moscow School of Management (Skolkovo) and Visiting Professor at the Kellogg School of Management (USA). Studied in Liege (Belgium), Lille (France) universities, and USC in San Francisco (USA).

Tamjid Basunia (1945), independent member of the Board of Directors since 2008. He has more than 20 years experience with PricewaterhouseCoopers.