Oleg Deripaska

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Oleg Vladimirovich Deripaska (Russian: Олег Владимирович Дерипаска) (born January 2, 1968 in Dzerzhinsk, Nizhny Novgorod Oblast) is a Russian billionaire, and a member of the Board of Directors of UC Rusal, a Russian aluminium industry company.

Deripaska is the sole owner and a Chairman of the Supervisory board of Basic Element , a diversified investment company established in 1997 with assets in Russia and abroad. Basic Element's main assets are concentrated in six sectors - Energy, Resources, Manufacturing, Financial Services, Construction and Aviation. The major assets include UC Rusal, the world’s largest aluminium and alumina producer, Eurosib Power Company, GAZ Group automotive company, Soyuz Bank, Ingosstrakh insurance company, Aviacor aircraft manufacturer, SMR mining company, Continental Management Timber Industrial Company, Glavstroy and Transstroy construction companies, stakes in Strabag (25%), Hochtief (10%) and Switzerland based Fahrni (100%), etc. In 2007, Basic Element's consolidated revenues exceeded USD26 billion. The market value of the Company's assets is estimated at USD45 billion. Basic Element employs 300,000 people and owns companies in Russia, the CIS countries, Africa, Australia, Asia, Europe and Latin America.

Deripaska is one of 16 global business leaders who drafted CEO Climate Policy Recommendations to G8 Leaders, a document outlining international business community's proposals to effectively tackle global warming. The proposals were signed by more than 100 of the world's leading corporations and handed to Japanese Prime Minister Yasuo Fukuda on June 20, 2008. G8 leaders discussed the recommendations during the summit in Japan on July 7-9, 2008. The process was coordinated by the World Economic Forum in collaboration with the World Business Council for Sustainable Development.

In 2004, Deripaska was appointed by the President of Russia to represent the country in the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC). He has held the position of Chairman of ABAC Russia since 2007.

Deripaska is Vice President of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Executive Board of the Russian National Committee of the International Chamber of Commerce and a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian Government.

He sits on the Boards of Trustees of the Bolshoi Theatre, the School of Business Administration, the School of Public Administration, and the School of Economics at Moscow State University and the School of Business Administration at St. Petersburg State University. Deripaska is a co-founder of the National Science Support Foundation and the National Medicine Fund.
In 1999, Deripaska was awarded the Order of Friendship of Peoples by President Boris Yeltsin.

Education and early career

Deripaska is of Belarusian origin and was born in Dzerzhinsk, Nizhny Novgorod Oblast, but he grew up in Krasnodar krai. He graduated with honors in physics from the Moscow State University in 1993, and in 1996, he earned an economics degree from the Plekhanov Russian Academy of Economics. He was general manager of Sayanogorsk Smelter (1994-1997) and held the post of president of Sibirsky Aluminium Investment Industrial Group (1997-2001), which later became a core of Basic Element Investment Company.

Oleg Deripaska

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