Executive Management

OAO TMK’s day-to-day activities are managed by two executive bodies, the CEO and President and the Management Board. The CEO also functions as the Chairman of the Management Board. The Board reviews the most complicated issues that require collective decision-making.

The CEO and the Management Board are elected by the Board of Directors for a one-year term. The CEO suggests candidates for the Management Board. The Board of Directors has the right to terminate at any time the CEO, the Management Board and any member of the Management Board before the end of their term.

In 2011, the Company’s Management Board did not change and on December 31, 2011 included eight members:

Management Board members Year of birth Participation in OAO TMK share capital, %1
1 As of December 31, 2011, Members of the Board did not participate in the share capital of affiliated companies.
Shiryaev, A.G.
Chairman of the Board, President and CEO of OAO TMK
1952 0.017
Kaplunov, A.Yu. 1960 0.0116
Klachkov, A.A. 1957 0.003
Lyalkov, A.G. 1961 0.0037
Oborsky, V.B. 1961 0.0008
Petrosyan, T.I. 1968 0
Semerikov, K.A. 1959 0.01
Shmatovich, V.V. 1964 0

Alexander G. Shiryaev
President and CEO of
OAO TMK, Chairman of
the Management Board.

Biographical information appears in the Board of Directors section.

Andrey Yu. Kaplunov
Senior Vice President
of OAO TMK.

Biographical information appears in the Board of Directors section.

Alexander A. Klachkov
Vice President —
Chief Engineer
of OAO TMK.

Has been with TMK since 2002. Graduated from the Moscow Institute of Steel and Alloys in 1979, Candidate of Technical Sciences.

Experience: Head of the Technological Development Directorate of OAO TMK, worked at Oskol Elektrometallurgical Plant in different executive positions

Alexander G. Lyalkov
Senior Vice President
of OAO TMK.

Has been with TMK since 2003. Graduated from the Volgograd Polytechnic Institute in 1989.

Experience: Vice President of Production, Technology and Quality at OAO TMK, CEO of ОАО Volzhsky Pipe Plant. Has worked at Volzhsky in different positions since 1990.

Vladimir B. Oborsky
Vice President of Sales
at OAO TMK.

Has been with TMK since 2005.

Graduated from the Frunze Military Academy in 1982 and the Frunze Kiev Higher Combined- Arms Command Academy in 1994. PhD.

Experience: Senior Vice President — Executive Director of ZAO TMK Trade House, CEO of TMK Trade House, Head of the Transneft and Gas Producers Customer Service Directorate at ZAO TMK Trade House, Head of the Strategic Customer Service Department and Gas Producers Customer Service Department of ZAO Volzhsky Trade House.

Tigran I. Petrosyan
Chief Financial Officer.

Has been with TMK since 2001. Graduated from the Erevan State University in 1993.

Experience: Member of the Board of Directors of TMK Trade House, Vice President of Economy, Head of Economic and Planning Directorate of ОАО TMK, Head of Economic and Planning Department of ОАО Volzhsky Pipe Plant, Vice President of LLC Volzhsky Audit, officer at the Armenian Ministry of Economy.

Konstantin A. Semerikov
Senior Vice President —
Executive director of
OAO TMK.

Has been with TMK since 2003. Graduated from the Moscow Institute of Steel and Alloys in 1981.

Experience: Member of the Board of Directors of Russian plants, CEO of ZAO TMK Trade House, Vice President of Production, then President and CEO of ОАО TMK, mayor of Taganrog, CEO of ОАО TAGMET.

Vladimir V. Shmatovich
Senior Vice President
for Strategy and
Business Development.

Has been with TMK since 2005. Graduated from the Moscow Finance Institute in 1989 and from the University of Notre Dame (MBA) in 1993.

Experience: CFO of OAO TMK, Vice President, CFO at several companies (Udmurtneft, Sidanko, RusPromAvto), CEO of ОАО Interros.

In 2011, there were three Management Board meetings, during which the following issues were discussed:

  • First measures for overcoming the crisis situation;
  • Consolidated results of Company’s activities for 1H 2011;
  • TMK Business Plan 2011-2015;
  • TMK’s target structure for 2012;
  • Implementation of decisions of the Board of Directors.

Remuneration

The remuneration paid to the President and CEO and to the members of the Management Board consists of:

  • fixed salaries, determined according to the employment contract and paid on a monthly basis;
  • variable salaries (bonuses), KPI-based and established individually, according to the duties performed (such as EBITDA, shipment volumes, etc.) and approved by the Board of Directors every year. A bonus is paid to the President and CEO and to members of the Management Board if they achieve their key performance indicators, subject to the approval of performance reports by the Board of Directors.

In 2011, the aggregate remuneration of the President and CEO and the members of the Management Board grew and amounted to U.S.$5.58* million as a result of bonus payouts for 2010 performances. In 2010 the bonuses were not paid out.

* Based on the average exchange rate for 2011 — 29,39 RUB/U.S.$

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