Sberbank announces the results of its Supervisory Board meeting

Sberbank (SBER) 
Sberbank announces the results of its Supervisory Board meeting 
 
24-May-2019 / 17:08 CET/CEST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
          Moscow, Russia - May 24, 2019. Sberbank announces the results of its 
    Supervisory Board meeting. Resolutions adopted by the Supervisory Board of 
                                                   Sberbank are the following: 
 
Contents of the resolutions adopted by the Supervisory Board of Sberbank and 
voting results: 
 
1. To elect Sergei Ignatiev as the Chairman of the Supervisory Board of 
Sberbank. 
 
2. To elect as Deputy Chairmen of the Supervisory Board of Sberbank: Gennady 
Melikyan, Sergey Shvetsov. 
 
3. The Supervisory Board of Sberbank of Russia (the Bank), having reviewed the 
results of the assessment performed by the Supervisory Board's HR and 
Remuneration Committee for compliance of the candidates to the Bank's 
Supervisory Board with the independence criteria applicable to members of the 
issuer's Board of Directors (Supervisory Board) as set forth in Annex 4 to the 
Listing Rules of PJSC Moscow Exchange (the Exchange) approved by the 
resolution of the Supervisory Board of PJSC Moscow Exchange dated 10/09/2018, 
minutes No. 7, resolved as follows: 
 
1. To recognize members of the Supervisory Board of the Bank: Esko Tapani Aho, 
Leonid Boguslavsky, Aleksander Kuleshov, Gennady Melikyan, and Nadya Christina 
Wells as persons fully compliant with the independence criteria (independent 
directors). 
 
2. To recognize member of the Supervisory Board of the Bank Nikolay 
Kudryavtsev as an independent director based on the recommendation of the HR 
and Remuneration Committee of the Supervisory Board (the Committee) despite 
his meeting the formal criterion of affiliation with the state, which does not 
significantly affect the director's ability to act reasonably and in good 
faith in the interests of the Bank and its shareholders. 
 
By adopting this resolution, the Supervisory Board of the Bank emphasizes the 
exceptional nature of the resolution, given the fact that N. Kudryavtsev: 
 
- is not a person affiliated with the Bank, a substantial shareholder (the 
Bank of Russia), a substantial counterparty or competitor of the Bank; 
 
- as Rector of the Federal State Autonomous Higher Education Institution 
Moscow Institute of Physics and Technology (National Research University) is 
appointed to the position by the Ministry of Science and Higher Education of 
the Russian Federation in line with the Charter. That said, he does not 
represent the interests of the state and is not obliged to vote on directives 
of the Russian Federation, an entity of the Russian Federation, or a municipal 
unit; 
 
- for one year prior to election to the Supervisory Board of the Bank, was not 
(and currently is not) a public or municipal officer, or a person occupying 
any office in public authorities, or an employee of the Bank of Russia; 
 
- has an impeccable reputation and is recognized by academia in Russia and 
abroad. 
 
The Supervisory Board believes that the vast professional experience and the 
competences of N. Kudryavtsev, which he acquired inter alia in the course of 
his long (more than 10 years) service as independent director on the board of 
directors / committee for science and technology of the largest oilfield 
services company Schlumberger Limited, will be very significant for the Bank 
and will help the director form independent opinions on matters in the remit 
of the Supervisory Board of the Bank. 
 
N. Kudryavtsev had signed the Declaration of an Independent Director according 
to the form recommended by the Exchange before this resolution was adopted by 
the Supervisory Board of the Bank. 
 
4. To elect Gennady Melikyan as the Senior Independent Director of Sberbank's 
Supervisory Board. 
 
5. Approve the new version of the Regulations on the Committees of the 
Supervisory Board (Version 3). 
 
6. To approve the membership of the Committees of the Supervisory Board of 
Sberbank as follows: 
 
Audit Committee 
 
Chairman of the Committee shall: Nadya Christina Wells - Independent 
Investment and Corporate Governance Consultant (Independent Director). 
 
Members of the Committee: Valery Goreglyad - Chief Auditor of the Bank of 
Russia; Nadezhda Ivanova - Head of Main Branch for the Central Federal 
District of the Bank of Russia; Nikolay Kudryavtsev - Rector of Moscow 
Institute of Physics and Technology (National Research University) 
(Independent Director); Alexander Kuleshov - President of Skolkovo Institute 
of Science and Technology (Independent Director). 
 
HR and Remuneration Committee 
 
Chairman of the Committee: Valery Goreglyad - Bank of Russia Chief Auditor. 
 
Members of the Committee: Leonid Boguslavsky -Chairman of the Board of 
Directors, ivi.ru LLC (Independent Director); Gennady Melikyan - Honored 
Economist of the Russian Federation (Independent Director). 
 
Strategic Planning Committee 
 
Chairman of the Committee: Sergei Shvetsov - First Deputy Governor of the Bank 
of Russia. 
 
Members of the Committee: Esko Tapani Aho - Senior Adviser, East Office of 
Finnish Industries (Independent Director); Leonid Boguslavsky - Chairman of 
the Board, ivi.ru LLC (Independent Director); Herman Gref - CEO, Chairman of 
the Executive Board of Sberbank; Gennady Melikyan - Honored Economist of the 
Russian Federation (Independent Director); Maksim Oreshkin - Minister of 
Economic Development of the Russian Federation; Olga Skorobogatova - First 
Deputy Governor of the Bank of Russia; Nadya Christina Wells - Independent 
Investment and Corporate Governance Consultant (Independent Director). 
 
Information Technology Committee 
 
Chairman of the Committee shall: Alexander Kuleshov - President of Skolkovo 
Institute of Science and Technology (Independent Director); 
 
Members of the Committee: Leonid Boguslavsky - Chairman of the Board, ivi.ru 
LLC (Independent Director); Nikolay Kudryavtsev - Rector of Moscow Institute 
of Physics and Technology (National Research University) (Independent 
Director); Olga Skorobogatova - First Deputy Governor of the Bank of Russia. 
 
Risk Management Committee 
 
Chairman of the Committee: Gennady Melikyan - Honored Economist of the Russian 
Federation (Independent Director). 
 
Members of the Committee: Esko Tapani Aho - Senior Adviser, East Office of 
Finnish Industries (Independent Director); Nadezhda Ivanova - Head of the Bank 
of Russia Main Branch for the Central Federal District; Alexander Kuleshov - 
Skoltech President (Independent Director); Nadya Christina Wells - Independent 
Investment and Corporate Governance Consultant (Independent Director). 
 
6. To approve the Preliminary Plan of Work of Sberbank's Supervisory Board and 
events with participation of members of Sberbank's Supervisory Board for 
2019-2020. (Work Plan). To establish that members of the Supervisory Board can 
amend and supplement the Work Plan. 
 
https://www.sberbank.com/investor-relations/disclosure/material-fact-notice/ar 
ticle?newsID=a187a00d-7110-4876-a073-e344c93e945c&blockID=9(R)ionID=77&lang=en 
&type=NEWS 
 
For enquiries: 
Sberbank of Russia 
Investor Relations 
[phone] 
[e-mail] 
 
ISIN:          US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 
Category Code: AGM 
TIDM:          SBER 
LEI Code:      549300WE6TAF5EEWQS 
Sequence No.:  8803 
EQS News ID:   815779 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

May 24, 2019 11:08 ET (15:08 GMT)