Maxutov Kairat Berikovich

The Board of Directors member

He was elected as a member of the Board of Directors on June 19, 2023 by the decision of "Samruk-Kazyna" JSC Board of Directors (Meeting mintes No. 28/23),

Citizenship: The Republic of Kazakhstan

Year of birth: 16 May 1970

Education:

1991 - Karaganda Cooperative Institute of Kazpotrebsoyuz, Karaganda city.

2019г.  - Almaty University of Energy and Communications, Almaty city.

Professional experience:

2018 – 2023: was in executive positions within commercial organizations

03.2016 - 05.2018 Managing Director for Economy and Finance at “Samruk-Energy” JSC

11.2013 - 03.2016 Deputy Chairman of the Board of “Samruk-Energy” JSC

11.2012 - 11.2013 Managing Director of Corporate Governance at "Samruk-Energy" JSC

02.2013 - 11.2012 Managing Director for Economy and Finance at “Samruk-Energy” JSC

02.2009 - 02.2013 Deputy Chairman of the Board for Finance and Economy at "Samruk-Energy" JSC.

09.2008 - 01.2009: Managing Director of Eurasian Holding Company

08.2004 - 09.2008: Vice President of Economics at Geofest Mining Holding

10.1999 - 06.2004: Deputy Director, Director of Karaganda Branch at Alfa-Bank JSC, Almaty

09.1997 - 06.1999: Deputy Chairman of the Administrative Council of FEZs, Deputy Mayor of Karazhal city

Does not hold shares of the company, suppliers, or competitors.

Kamalov Almasbi Nizamaddinovich

Managing Director for Economy and Finance of “Samruk-Energy” JSC, member of the Management Board

 
Date of birth: 07.04.1989

Education:

2023 - 2025  - Master of Business Administration (MBA) from the University of Warwick, DLMBA.

2006 - 2010  -  Bachelor's degree in Management/Marketing from the Kazakhstan Institute of Management, Economics, and Strategic Research (KIMEP).

2016 - 2018 - Bachelor's degree in Finance from Almaty University, majoring in Economics and Business.

2008 - 2010  - Military Department at Kazakh Economic University named after T. Ryskulov (Narhoz), Technical and Professional Education, Sergeant in the Food Supply Unit.

Professional experience:

09.2023 – to present “Samruk-Energy” JSC Managing Director for Economy and Finance

04.2021-09.2023 "Samruk-Energy" JSC, Director of the Department "Strategy and Economic Analysis

12.2017-04.2021 "Samruk-Energy” JSC, Head of “Economic analysis” section under “Strategy and Economic Analysis” Department  

01.2014-12.2017 "Samruk-Energy" JSC, senior manager of Planning and Economic Analysis Department

06.2013- 01.2014 "Ekibastuz SDPP-2 Power plant" JSC, power industry, Deputy Chief of the Planning and Economic Department

11.2011- 06.2013 “Almaty Power Plants” JSC, leading economist Budget and economic analysis department

Functions performed:

• Formulation/updating, coordination, approval, monitoring, and supervision of the implementation of the Company's Long-term Development Strategy and the Roadmap for its execution;
• Development and oversight of the Company's Expectations concerning subsidiaries and affiliates for both 5-year and 10-year periods;
• Tariff establishment, encompassing the coordination/approval of planned tariffs for subsidiaries and affiliates through the prescribed procedures;
• Evaluation of the financial and economic outcomes of the Company and its subsidiaries and affiliates;
• Handling of accounting, tax, and statistical record-keeping;
• Financing of investment projects undertaken by the Company and its subsidiaries and affiliates;
• Implementation of measures aimed at streamlining, restructuring, and reorganizing the Company's assets (including merger, division, spin-off, transformation, accession, alterations in the share/participatory interests ratio in subsidiaries and affiliates), as well as the creation, acquisition, and divestiture of shares/participatory interests in legal entities, and the liquidation of the Company's assets;
• Preparation of the Company's shares for an Initial Public Offering (IPO), inclusive of action plan development and execution;
• Management of the Company's temporarily available funds;
• Ensuring compliance by the Company with stock exchange requirements during the listing of its securities;
• Oversight of the issuance (announcement) and placement of the Company's shares;
• Monitoring, consolidation, and reporting on the execution of state strategic plans;
• Compilation of production and economic activity reports for the Company’s management, as well as for submission to “Samruk-Kazyna” JSC, the Board of Directors, and other bodies as stipulated by the Company's regulatory documents and the requests of these organizations;
• Implementation of Government strategic plans and programs related to the Company's supervised areas;
• Adherence to international ISO standards in the management system within supervised areas;
• Interaction and representation of the Company's interests in supervised areas during engagements with government bodies, legal entities (including banks, stock exchanges, insurance organizations, audit entities, independent appraisers, and other financial institutions), public associations, and individuals, with “Samruk-Kazyna” JSC being the sole shareholder;
• Execution of other functions essential for accomplishing tasks within supervised areas.

Zhaparkhanov Nurlan Altynkhanovich

Managing Director for Legal Support and Asset Management of “Samruk-Energy” JSC, member of the Management Board

Date of birth:  26.05.1982

Education:

In 2003, graduated from Al-Farabi Kazakh National University with a degree in Law.

In 2011, graduated from Turan University, earning a Master of Laws degree.

Professional experience:

09.2023- to present “Samruk-Energy” JSC, Managing Director for Legal Support and Asset Management

11.2022 – 08.2023 “Qazaq Green Power PLC” Public company, Managing Director

05.2021 -03.2022 “Samruk-Energy” JSC, Managing Director

03.2016-05.2021 “Samruk-Energy” JSC, Head of Legal support department

02.2015 – 03.2016 “Samruk-Energy” JSC, Head of Legal department

04.2013 – 02.2015 “Samruk-Energy” JSC, Senior manager of Legal department

11.2012-04.2013 “Samruk-Energy” JSC, Senior manager of Security, Civil Defense, Environmental Protection Department.

02.2012-11.2012 “Samruk-Energy” JSC, Senior manager of Occupational health and safety department

06.2010-02.2012 “Samruk-Energy” JSC, senior manager of Legal department  

03.2009 – 06.2010 “Samruk-Energy” JSC, manager of Legal department

05.2008-03.2009 “Maslo-Del” LLP, lawyer

09.2005-01.2008 “Kazteleradio” JSC – Head of Contracts department

09.2003 – 09.2005 “NarOil” LLP, lawyer

Functions performed:

• Oversight to ensure the safeguarding of rights and adherence to the interests of the Company and its subsidiaries and affiliates;
• Provision and supervision of thorough and punctual legal examination of draft agreements and associated documents, draft orders, and other acts of the Company, draft decisions of the Company’s bodies, draft internal regulatory documents of the Company to ascertain their conformity with the legislation of the Republic of Kazakhstan and the interests of the Company;
• Ensuring and overseeing claims, judicial, and arbitration proceedings involving the Company and its subsidiaries and affiliates, determining the Company's and SA judicial (arbitration) stance (as agreed), and representing the Company's interests in courts to protect rights and legitimate interests;
• Ensuring and monitoring the management of sustainable development, risks, and internal regulations in the field of sustainable development;
• Ensuring and monitoring the formulation, updating, execution, and control of measures for implementing the Guidelines in the field of sustainable development of the Company;
• Ensuring the development/updating, monitoring, and control of the implementation of the Strategy for interaction with stakeholders;
• Ensuring the development/updating of the Stakeholder Map and identifying mechanisms for interaction with internal and external stakeholders;
• Ensuring the formulation and execution of the Corporate Governance Code and the Action Plan for enhancing corporate governance within the Company and its subsidiaries and affiliates;
• Coordination and oversight of the development and publication of the Company’s Annual Report;
• Implementation of the practice of preparing a report according to the GRI system;
• Assurance of the construction of a target corporate governance structure for the Company and its subsidiaries and affiliates;
• Coordination and oversight of the implementation and enhancement of the corporate governance system in the Company and its subsidiaries and affiliates;
• ensuring the diagnostics of corporate governance of the Company and its subsidiaries and affiliates;
• Assurance of the achievement of the planned indicator of the corporate governance rating of the Company and its subsidiaries and affiliates;
• Implementation of measures to optimize, restructure, and reorganize the Company’s assets (merger, division, spin-off, transformation, accession, change in the ratio of shares/participatory interests in subsidiaries and affiliates), as well as the creation, acquisition, and alienation of shares/participatory interests of legal entities, liquidation of the Company’s assets, including the development and monitoring of the implementation of Action Plans in these areas;
• Implementation of the program for privatization of the Company’s assets;
• Evaluation of the feasibility of optimization and reorganization of assets;
• Assessment of the Company’s assets;
• Execution of other functions necessary to implement tasks in supervised areas.

Turgambayev Ruslan Yelubaevich

Managing Director for Production, member of the Management Board

Date of birth:  April 30, 1974

Education:

In 1998 - graduated from the Almaty Institute of Energy and Communications, major in industrial thermal power engineering.

In 2021 - graduated from the Central Asian Innovative University, major in management.

Professional experience:

1998-2009 worked at "Corporation Kazakhmys" LLP Zhezkazgan CHP as an engineer-inspector of the main equipment at the turbine shop, operator of steam turbines of the turbine shop, assistant of the turbine shop head, chief engineer, director;

2009-2011 worked at "Sapa Kurylys 2007" LLP as a deputy director of operations;

2011-2013 worked at the State Institution "Department of Energy and Public Utilities of Almaty" as the First Deputy Head of the Department of Energy and Public Utilities of Almaty;

2013-2019 worked at “BazisElectroMontazh” LLP as СTO;

2019-2021 worked at the State Institution "Department of Energy and Housing and Communal Services of the Turkestan Region" as deputy head, head;

01.2022-11.2022 worked at Purolite LTD (Great Britain, Representative Office in the Republic of Kazakhstan and Central Asia, Azerbaijan and Armenia) as a key account manager;

Since November 2022 - Managing Director for Production and Asset Management of the Company.

Roles and responsibilities:

• management and control of production and technical activities of subsidiaries and affiliates;
• coordination and control over the targeted spending of state budget funds by subsidiaries and affiliates as regards the quality and timeliness of the performance of the scope of work;
• coordination and control of activities of SA: preparation of SA power facilities for operation in the autumn-winter period; organization of anti-flood measures; on planning and organizing fuel supplies to ensure the operation of power facilities of subsidiaries and affiliates; fulfillment of the daily schedule of specified loads of electricity/coal consumers of subsidiaries and affiliates;
• development/updating, coordination, implementation and monitoring of the implementation of the Technical Policy and the Program for the retrofit and technical re-equipment of existing facilities and major construction;
• ensuring the execution of investment agreements by SA, which were concluded with the Ministry of Energy of the Republic of Kazakhstan, including coordination and control over SA’s activities on making timely adjustments to these agreements;
• ensuring the implementation of industrial automation systems, including projects of ASCAPC and APCS at subsidiaries;
• control over the timely implementation of the tariff campaign at subsidiaries and affiliates;
• corporate governance of SA activities;
• participation in the development and implementation of the Asset Restructuring Plan;
• coordination and control over the work of subsidiaries and affiliates on reduce the cost of production of electricity and heat, transmission of electricity and coal mining;
• implementation of lean production principles;
• streamlining the operations of subsidiaries and affiliates;
• development, updating and implementation of the Innovation and Technology Strategy of the Company and SA;
• organization of the activities of the Investment and Innovation Council of the Company;
• innovative activity of the Company and SA;
• making arrangements for the implementation of R&D at subsidiaries and affiliates;
• creating and updating of patent information search for new technologies at subsidiaries and affiliates;
• liaise with research institutes on issues of innovation and technological development;
• development and implementation of a program for energy and resource saving and energy efficiency;
• ensuring that the Company and SA comply with the requirements of the legislation in energy conservation and energy efficiency (including energy audits, implementation of an energy management system, implementation of action plans, energy saving and energy efficiency programs, etc.);
• organization of work on monitoring and control over the activities of the Company's subsidiaries and affiliates in the area of environmental protection;
• timely informing the Chairman of the Company’s Executive Board about emergencies or technological violations in operations of SA in line with the regulations;
• development and control over the implementation of corrective measures in terms of operations of the Company and SA;
• creating documented initiatives that will have a prospective effect for each strategic goal, in terms of operations of the Company and SA;
• creation, analysis and supervise the implementation of the investment program of the Company and SA;
• implementation and control over performance of works related to social construction facilities, as well as interaction with authorized bodies on matters related to the Company’s social facilities;
• implementation of the Government strategic plans and programs related to the operations of the Company in supervised areas.

Jubaev Armanbay Saparbaevich

Independent director, Chairman of the Audit Committee, member of the Appointment and remuneration Committee, member of the Strategic planning Committee.

He was elected an independent director, a member of the Board of Directors on October 6, 2022 by the decision of the Management Board of “Samruk-Kazyna” JSC (minutes No. 56/22).

Citizenship: Kazakhstan
Date of birth: 28.01.1977

Education:

1997-1999  Duquesne University (Pittsburgh, USA)

Bachelor of science in Business Administration (BSBA).

2002-2003 University of Oxford (UK). Master of Science in Comparative Social Policy (MSc Comparative Social Policy).

2005-2007 University of California Berkeley (USA), MBA degree.

Certified Financial Analyst, CFA, since 2012. 

Professional experience:

2006-2008 SAP Company (USA), Marketing Specialist

2009-2010 McKinsey Company (Moscow, RF), consultant

2010-2012 Polymetal Company (Kazakhstan)

2012-2013 KPMG company (Kazakhstan), senior manager.

2013-2020 PwC company (Kazakhstan), senior manager, director.

2020 to present Founder of the consulting company StrategyLab LLP.

 Participation in the Boards of Directors:

2022 to present  Independent director of “Kazakhtelecom” JSC

Foreign languages:

English - fluent

He does not hold shares of the Company, suppliers, and competitors.

Adylkerimov Arman Adylkerimovich

Managing Director for Legal Support, Procurement and Risks, member of the Management Board

Date of birth:  24 September 1980

Education:

In 2001 -graduated from Kazakh State National University named after Al-Farabi (bachelor's degree) with major in law;

In 2004 -graduated from Kazakh State National University named after Al-Farabi (Master's degree) with major in law;

In 2010 -graduated from the Kazakh Economic University named after. T.Ryskulov with major in Accounting and Audit.

Professional experience:

07.2001-08.2002 - "Institute of the RK Legislation" CJSC of the RK MJ, Leading Specialist;

10.2002-12.2002 - "Kazbaspasoz" JSC, Legal Adviser of Legal and Human Resources Department;

03.2003-12.2003 - "Kedentransservice" CJSC, Legal Adviser of Legal and Staff relations Department;

01.2004-10.2004 – “Housing Construction Company” LLP, Real estate market sector specialist;

11.2004-05.2005 - Branch "Almaty MPN" of "Kegok" JSC, 2^nd category Engineer of  Contract Implementation Group;

05.2005-06.2008 – ED at “KEGOC” JSC, Chief Specialist of SPMD;

06.2008-12.2015 – “KazTransOil” JSC, Senior manager of Contracts Department;

01.2016-09.2017 -  "Almaty Power Plants" JSC, Head of Procurement Department, Acting Deputy Chairman of the Board for Procurements;

11.2017-01.2018 – “Korgau Engineering” JV” LLP, Director General;

01.2018-08.2018 – “Petropavlovsk Plant of Heavy Machine Building” JSC, Managing Director for Business Development;

10.2019 - 04.2021 – “Temirmash” Pavlodar plant” LLP, Regional Director in Nur-Sultan.

04.2021 - 05.2022 – “Samruk-Energy” JSC, Managing Director for Procurement;

05.2022 - present – “Samruk-Energy” JSC, Managing Director for Legal Support, Procurement and Risks.

Roles and responsibilities:

• control over ensuring the protection of rights and observance of the Company and SA interests;
• ensuring and monitoring the conduct of high-quality and timely legal review of draft agreements and documents attached to them, draft orders and other regulations of the Company, draft decisions of the Company's bodies, draft internal regulatory documents of the Company so to secure compliance with the legislation of the Republic of Kazakhstan and the interests of the Company;
• ensuring and monitoring the conduct of claims and litigation related work of the Company and SA, determining the judicial (arbitration) position of the Company and SA (as agreed), also representing the interests of the Company in courts in order to protect the rights and legitimate interests;
• provision and control of the risk management system, internal control system at the Company and SA, including development/updating of measures, control procedures, and methodological base in internal control systems, risk management and business continuity management;
• ensuring and controlling the process of developing and implementing plans that ensure the continuity of the Company's group operations, as well as monitoring and studying the effectiveness of actions aimed to ensure continuity of activities;
• ensuring and controlling the management of sustainable development, risks and IRD in sustainable development;
• ensuring the development/updating, monitoring and control over the execution of Stakeholder engagement strategy;
• ensure the development and implementation of the Corporate Governance Code of the Company and the Action Plan for improvement of the Company and SA corporate governance;
• coordination and control over the development and publication of the Company's Annual Report;
• Application of practice of preparing a report in line with GRI system;
• ensuring and controlling the procurement of goods, works and services of the Company and SA;
• ensuring and controlling the increase in the share of local content in procurements;
• ensuring and monitoring the implementation of the Plans and procurement schedules of the Company and SA;
• ensuring compliance with the Republic of Kazakhstan law requirements, regulatory documents of “Samruk-Kazyna” JSC, the Company and SA and compliance with the procedures for the procurement of goods, works and services by the Company and SA;
• supervision and control over logistics of equiepment for the main production;
• provision and control of price marketing of goods, works and services in the Company, planned and actual indicators of marketing prices in purchases, main commodity items of the Company and SA;
• ensuring and control over conduct of prices research for the main equipment in the implementation of major projects;
• provision and control of price monitoring during the procurement of goods, works and services by the Company and SA;
• control over the development and provision of the Company and SA with internal regulatory documents in procurement of goods, works and services;
• secure and control of inventory turnover at SA;
• development, provision and supervise the process of approval, implementation and monitoring the procurement of category strategies, which are managed at the level of “Samruk-Kazyna” JSC and the Company;

Ivchenko Yelena Dmitrievna

Managing Director for GR, Development and IT, member of the Management Board

Date of birth: April 9, 1975.

Education:

In 1997 - graduated from EKSTU named after D. Serikbaev with major in “Economics and Management in Infrastructure”;

In 2015 - graduated from EKSTU named after D. Serikbaev with major in “Electric Power Engineering”.

MBA - "Master of Business Administration" City Business school;

CAP - International Professional Certification Program;

CIPA qualification level CAP: Certified Accounting Practitioner;

IPFM DiplFRS - International Diploma of the Institute of Professional Financial Managers of Great Britain "The Diploma in basic competence in IFRS";

IMS - Certification under the program "Internal Auditor, Integrated Management Systems".

Professional experience:
1997-2008 - EKSTU named after D. Serikbaev, Senior Lecturer, Department of “Business economics”;

2007-2008 – “Promtekhmontazh” LLP, quantity surveyor;

2008-2014 –  “KEGOC” JSC branch “East MPN”, Leading economist of the planning and economic department, leading engineer of production and technical service;

2014-2018 – “Shygysenergotrade” LLP, Head of Budget Planning and Economic Analysis Department, Acting Deputy General Director for Economy and Finance;

2018-2019 - "EC REC" JSC, Deputy Chairman of the Board for Economy and Finance - Member of the Management Board;

05.2019–10.2019 - Advisor to the Minister of National Economy of the Republic of Kazakhstan;

10.2019-04.2021 - Committee for the Regulation of Natural Monopolies under the RK Ministry of National Economy, Deputy Chairman;

04.2021-05.2022 – “Samruk-Energy” JSC, Managing Director for Development and Sales;

06.2022 – to present - Managing Director for Development, Sales and Changes.

Roles and responsibilities:

• control over and arranging of work at the Company in international cooperation and coordination of this work at SA;
• development, implementation of the Sales Strategy and control over its execution;
• ensuring and control over the conduct of trade operations for entering new markets for selling electricity and coal;
• ensuring and control over the sales of the planned volumes of electricity and coal by SA, as well as the receipt of the planned revenue from SA principal activities in accordance with the budget (planning and execution);
• ensuring, coordinating and monitoring the review of legislation in the field of the Company's operations and the development of relevant proposals;
• ensuring, coordinating, and monitoring the analysis of the state of the internal market of electricity and capacity, coal, as well as the markets of neighboring countries and beyond and the development of appropriate proposals for development;
• ensuring, coordinating, and monitoring the analysis of changes in electricity and coal markets environment;
• investment projects management;
• ensuring and monitoring the performance of a feasibility study (FS) of projects with the involvement of special engineering organizations;
• coordination and control of structuring and organization of project financing (together with the Managing Director for Economy and Finance);
• negotiations with investors to attract investments;
• secure compliance with requirements of legislation, standards and rules of international financial organizations, terms of agreements on projects implemented with the use of funds from international financial institutions;
• ensuring and monitoring the compliance of projects with the requirements of the investment policy of the Company's Strategy;
• interaction with external consultants in the performance of services and works related to the evaluation and implementation of investment projects;
• evaluation of projects to be included in the Company's portfolio of investment projects and control over execution of decisions on projects;
• coordination and control over creating, monitoring and management of changes in a balanced portfolio of operational projects and its approval in accordance with corporate procedures;
• project management of the Transformation Program, as well as digitization and IT of the Company, including SA;
• implementation and improvement of the corporate management system of the Company and SA;
• development, updating and control over the implementation of the Company and SA IT strategy;
• optimization, automation, and digitization of business processes, as well as the corresponding amendments to the internal regulatory documents of the Company, including SA;
• ensuring the trouble-free operation of corporate IT systems;
• enhancing reliability and efficiency of the IT infrastructure;
• create data management processes and their automation;
• digitization of analytical systems in energy conservation and energy efficiency;

Ogay Alexey Vladimirovich

The Board of Directors member

He was elected as a member of the Board of Directors on August 24, 2023 by the resolution of “Samruk-Kazyna” JSC Management Board (Minutes No.41/23)

Citizenship: The Republic of Kazakhstan
Date of birth:  December 1, 1970

Education:

Almaty Energy Institute

Professional experience:

08. 2023 - Director of Energy and Mining Assets Department at Samruk-Kazyna

2020–2023 – “Samruk-Energy” JSC, Astana c., Director of “Assets Sale and Reorganization” Department

2016 - 2018 - Managing Director for Business Transformation, “Samruk-Energy” JSC.

2015 – 2016 - CDO, Deputy Chairman of the Board of “Samruk-Energy” JSC

2014 - 2015 - Deputy Chief Director for Asset Management at “Samruk-Kazyna” JSC

2011 - 2014 - Director for Power Assets Management at “Samruk-Kazyna” JSC

2008 - 2011 - Chief Expert of Power Assets Directorate of “Samruk-Kazyna” JSC

2006 – 2008 - Chief Expert, “KEGOC” JSC Group, “Samruk” Holding” JSC

1998 - 2006 - Expert, Head of the Economic Analysis Section under Planning and Economic Analysis Department at “KEGOC” JSC.

Knowledge of foreign languages: English

He does not hold shares of the company, suppliers and competitors.