Management Board
The Management Board is the collective executive body responsible for the day-to-day management of the Company within its remit as defined by the Articles of Association.
The Management Board shall be guided by resolutions of the Company’s General Meeting of Shareholders and Board of Directors. Resolutions adopted by the General Meeting of Shareholders and the Board of Directors within their remit shall be binding for the Management Board. The Management Board shall report to the Board of Directors and the General Meeting of Shareholders.
The Chief Executive Officer and the President of the Company shall be members of the Management Board by virtue of their office.
The Chief Executive Officer shall act as the Chairman of the Management Board by virtue of office.
Should the powers of the Chief Executive Officer be terminated, up to the moment when the Board of Directors elects a new Chief Executive Officer, the President shall act as the Chairman of the Company’s Management Board by virtue of office.
In 2022, the number of Management Board members increased to 14 to improve the decision-making process.