VEB Nominates Chemezov to Norilsk Board

Vneshekonombank nominated the head of state-owned industrial holding company Russian Technologies and a former Kremlin chief of staff as independent directors for the board of Norilsk Nickel.

Russian Technologies CEO Sergei Chemezov, a close ally of Prime Minister Vladimir Putin, and Alexander Voloshin were nominated by VEB, Oleg Deripaska's United Company RusAl said Thursday.

Russia will get a seat on the board of Norilsk, RusAl said on Nov. 5, after state-controlled VEB approved a $4.5 billion loan to help RusAl pay off foreign lenders who held its 25 percent stake in Norilsk as collateral.

Russian Technologies, which includes state assets in at least 426 companies, controls car and metals producers as well as state arms dealer Rosoboronexport.

Voloshin served as Kremlin chief of staff from 1999 until 2003 under President Boris Yeltsin and President Vladimir Putin. He was also chairman of state-run utility Unified Energy System.

RusAl also nominated James Goodwin, the founder of Half Moon, Kinross Gold CEO Tye Burt and Fiat Chairman Luca Cordero di Montezemolo.