CEO of UC RUSAL
Oleg Deripaska heads United Company RUSAL,
the world’s largest producer of aluminium that employs
76,000 people in 19 countries across 5 continents.
Born on January 2, 1968, Oleg V. Deripaska grew up and went
to school in the Krasnodar region of southern Russia, close
to the Black Sea. He traveled to the Russian capital to
study Physics at Moscow State University and at the
Plekhanov Academy of Economics.
On graduating with honours, Mr Deripaska set up the Military
Investment and Trade Company, a small metals trading
operation. As the company became successful, he used its
profits to buy a stake in the Sayanogorsk Aluminium Smelter
in Eastern Siberia, eventually becoming its Director-General
Under his leadership, the fortunes of the smelter – the
third largest in Russia – was turned round and it became an
industry leader for labour safety, environmental standards,
product quality, technological development and
profitability. In 1998, the Sayanogorsk smelter was named
one of Russia’s 20 leading companies by the business
magazine Expert with production doubling in the decade to
2005 to 500,000 tons.
In 1997, the Sayanogorsk smelter became the core asset of
the Sibirsky Aluminium Group. Within three years, the Group
had become of the world’s top ten producers of aluminium
products with a range of goods from rolled metal to
aluminium foil and components for the aerospace,
shipbuilding and car industries.
In 2000, Mr Deripaska became Director General of Russian
Aluminium (RUSAL), set up as a result of merger of aluminium
smelters and alumina refineries owned and operated by
Sibirsky Aluminium and the major Russian oil company Sibneft.
By 2007, it had become the world’s third largest aluminium
producer. In the same year, it joined with SUAL Group,
another of the world’s largest aluminium producers, and
Glencore International AG, a Swiss natural resources group
to form United Company RUSAL.
Oleg Deripaska heads Basic Element, one of Russia’s biggest
international companies with over 300,000 employees
globally. Basic Element was established by Mr Deripaska in
2001 to expand his business interests beyond the aluminium
Along with the United Company RUSAL, Basic Element’s
portfolio includes the GAZ Group, Russia’s second-largest
car manufacturer; Ingosstrakh, one of its biggest insurance
companies; EuroSibEnergo a major energy business in Siberia;
construction firm GlavMosStroy and Bank Soyuz which is
ranked among the top 30 Russian banks. Basic Element also
owns the Aviacor aircraft manufacturer, SMR mining company,
Continental Management Timber Industrial Company as well as
stakes in European construction companies.
Mr Deripaska drives the introduction of the most modern
manufacturing technologies and highest corporate standards
across its businesses. The GAZ Group, for example, has
worked with Chrysler as well as leading Canadian automotive
and British design firms to improve car production at its
plants. The purchase of British commercial vehicle firm LDV
Holdings has opened new markets in Russia for its Maxus Vans
and enabled the joint production with GAZ Group of new
Oleg Deripaska is an outspoken champion of environmental
issues. Basic Element enterprises operate on the "no waste"
concept so they reduce and eliminate industrial waste and
hazardous pollution. Mr Deripaska was one of 16 global
business leaders who drafted, on behalf of 100 of the
world’s leading corporations, a package of recommendations
to the 2008 G8 summit at Hokkaido to tackle effectively
Mr Deripaska is Vice President of the Russian Union of
Industrialists and Entrepreneurs, Chairman of the Executive
Board of the Russian National Committee of the International
Chamber of Commerce (ICC) and a member of the Russian
Government’s Competitiveness and Entrepreneurship Council.
He heads the Russian representation on the Asia-Pacific
Economic Cooperation Business Advisory Council.
He sits on the Board of Trustees of many institutions
including the Bolshoi Theatre and the School of Economics at
Moscow State and helped set up the National Science Support
Foundation and the National Medicine Fund.
Through his charity Volnoe Delo, he supports a wide range of
initiatives to help children, improve medical care and
increase educational opportunities throughout Russia as well
as preserving the country’s archaeological and historical
In 1999 Mr. Deripaska received the Order of Friendship, a
state award of the Russian Federation. He was named
businessman of the year in 1999, 2006, 2007 by Vedomosti, a
leading Russian business daily published in partnership with
The Wall Street Journal and The Financial Times.
He resides in Moscow with his wife and two children.