Oleg Deripaska may leave position of UC Rusal’s general director

UC Rusal, which completed the refinancing of its debt in the amount of $11 billion at the end of August, may begin a corporate transformation. According to unofficial information, Oleg Deripaska intends to transfer the post of general director to his first deputy, Vladislav Soloviev. Besides, the holding company En + of Mr Deripaska, which owns 48.13% of UC Rusal’s shares, announced the possibility of the release of Norilsk Nickel’s shares from the balance of the company. This, according to En +, may hasten the start of dividend payments by UC Rusal. But this issue hasn’t yet been discussed with shareholders.

Oleg Deripaska could leave the post of general director of UC Rusal and become president of the company (there is no such position now), and the company will be leaded by the first deputy CEO Vladislav Soloviev, Interfax reported yesterday, citing its sources. Sources of the Kommersant confirmed this information. According to the two of them, "the topic is being discussed, but hasn’t yet been resolved," one of the Kommersant’s interlocutors is inclined to consider this "a closed subject".