Composition of the Board of Directors and its committees in 2017
The composition of the Board of Directors is elected by the decision of the person owning all voting shares of KMG (hereinafter – the Shareholder) (minutes of the Board of JSC Samruk-Kazyna No. 20/17 dated June 29, 2017) for a period of 3 years. Later, by decision of the shareholder, a change was made to KMG SD (the minutes of the Board of JSC Samruk-Kazyna No. 23/17 of October 4, 2017), and as of December 31, 2017, the composition of KMG BoD includes:
Walton Christopher John – Independent Director, Chairman of the BoD
Chris Walton is the Interim Chairman of the Institute of Directors, Audit Committee of the United Kingdom’s Submarine Delivery Agency and a non-executive member of the UK Royal Navy’s Naval Shipbuilding Strategy Client Board. He is a Fellow of the Royal Aeronautical Society (UK) and a Fellow of the Institute of Directors.
Whyte Stephen James – Independent Director
Whyte Stephen James is a Chairman of Genel Energy plc. and Independent Director of the Board of Directors of Echo Energy.
Baymuratov Yerlan Urazgeldiyevich – Independent Director
Baymuratov Yerlan Urazgeldiyevich simultaneously holds the position of Chairman of the Board of Directors of Bayan Sulu JSC and is a member of the Supervisory Board of Samruk-Kazyna Invest LLP.
Karabalin Uzakbay Suleymenovich – representative of the shareholder (JSC Samruk-Kazyna)
Karabalin Uzakbay Suleymenovich has more than 20 years of experience in the oil and gas industry, including as President of KMG, as Minister of Oil and Gas of the Republic of Kazakhstan and as Deputy Minister of Energy of the Republic of Kazakhstan. Currently he is Deputy Chairman of the Board of the Association “KazEnergy” and a member of the Board of Directors (independent director) of JSC “KING”.
Baljeet Kaur Grewal – representative of the shareholder (JSC Samruk-Kazyna), Managing Director for Strategy and Portfolio Investment at Samruk-Kazyna -member of the Management Board of Samruk-Kazyna JSC
Before this, she was Advisor and Finance Specialist at the Asian Development Bank, where she advised on national economic policy and sovereign funds. Prior to this, Ms. Grewal was Managing Director and Vice Chairman of the Investment Advisory arm of Kuwait Finance House. She was formerly the Head of Investment Banking at Maybank Group, Malaysia. Ms. Grewal also held senior positions at ABN AMRO Bank and Deutsche Bank, London. Ms. Grewal holds a degree in Economics (1st Class) and an Executive MBA from the University of Cambridge.
Ilkevičius Adamas Olegas – representative of the shareholder (JSC Samruk-Kazyna), Managing Director for Asset Transformation and Optimization – Member of the Management Board of JSC Samruk-Kazyna
Ilkevičius Adamas Olegas has experience working in senior positions in such companies as Hi-Tech-HP, Siemens and IBM, Eurasian Natural Resources Corporation PLC (ENRC BTS).
Mynbayev Sauat Mukhametbayevich – Chairman of the Board of JSC NC “KazMunayGas”
Mynbayev Sauat Mukhametbayevich has significant work experience, including on managerial positions in the central state bodies of the Republic of Kazakhstan, including positions of the Minister of Finance of the Republic of Kazakhstan, the Minister of Agriculture of the Republic of Kazakhstan, the first head of the Kazakhstan Development Bank CJSC, Caspian Industrial and Financial Group LLP, Deputy Prime Minister of the Republic of Kazakhstan, Minister of Industry and Trade of the Republic of Kazakhstan, Minister of Energy and Mineral Resources of the Republic of Kazakhstan, the Minister of Oil and Gas of the Republic of Kazakhstan.
Thus, KMG BoD and its committees ensure the balance of skills, experience and knowledge ensuring independent, objective and effective decisions in the interests of KMG and taking into account the fair treatment of all shareholders and the principles of sustainable development. The structure of the KMG BoD is one woman Grewal Baljeet Kaur. By the time of publication of the present Report, the composition of the Board of Directors of KMG have changed, Ilkevičius Adamas Olegas left, and Philip John Dаyer joined the KMG Board of Directors.