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Corporate management

The company has implemented best practices and standards of corporate management that provide constant control and improvement of the Company’s business processes. The risk management system in the form of policies and standards is in place.

The Company management bodies are:

  1. General Meeting of Shareholders
  2. Board of Directors
  3. President

OJSC RM Rail Holding Board of Directors

Manfred Eibeck LLC Russian Machines Chief Executive Officer

Natalia V. Ryzhuk

LLC Russian Machines Chief Deputy Chief Executive Officer for Economy and Finances

Pavel A. Ovchinnikov

President of RM Rail Holding
Vadim V. Geraskin The company Basic Element Deputy Chief Executive Officer for Goverment Relations
Artem S. Leontiev The company Basic Element HR Director
Oleg V. Burkatskiy LLC Russian Machines Production Development Director
Alexander V. Gorlov LLC Russian Machines Legal Affairs Director

Pavel A. Ovchinnikov is the OJSC RM Rail Holding President (Minutes of the Annual General Meeting of Shareholders dated June 28, 2012, Minutes of the Extraordinary General Meeting of Shareholders of OJSC RM Rail Holding No.1 dated April 11, 2016).

Board of Directors Committees

Audit Committee

The Audit Committee provides efficient functioning of the Company operation and risk management internal control systems, reviews and analyses the Company's financial statements.

  • Internal control and risk management systems
  • Financial statements review
  • Interaction with the internal audit service


HR and Compensation Committee


  • Motivation systems
  • Amount of remuneration on the results of work over the year
  • Approval of candidates for the management positions

Business process owners


  • Setting of tasks and goals
  • Determination and identification of risks
  • Risk assessment
  • Risk response actions development and implementation
  • Monitoring
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