Melnichenko Andrei Igorevich

Melnichenko Andrei Igorevich

Biography

He graduated from a boarding school of the SUNC Moscow State University.

He studied at the Physics Department of Moscow State University.

In 1997 he graduated from the Plekhanov Russian Academy of Economics with a degree in Finance and Credit.

He took up business in his second year at the Physics Department of Moscow State University, organizing a network of currency exchange points in the early 1990s.

1993

Co-founder of MDM-Bank

In 1993, he co-founded MDM-Bank, one of the largest Russian private banks.

Chairman of the Board of Directors of MDM-Bank

From 1993 to 1997 - Chairman of the Board of Directors of the Bank. He bought back shares from his partners, remaining the only shareholder, owned shares until 2007.

1997: Chairman of the Management Board of MDM Bank

From 1997 to 2001 he was Chairman of the Management Board of the Bank.

2000: Co-founder of the MDM Group

In 2000 - co-founder of the MDM Group.

2001

Chairman of the Board of Directors of MDM Bank

From 2001 to 2005, he served as Chairman of the Board of Directors of MDM Bank.

President of the MDM Group

2001-2004 - President of the MDM Group.

2003

Sale of 50% of MDM-Bank shares

In 2003, he sold a 50% stake in MDM Bank to a partner in the MDM Group.

Member of the Board of Directors of RAO UES of Russia

Melnichenko was only a member of the Board of Directors of RAO UES of Russia for about a year, a non-executive director of the supervisory board from 30.05.2003 to 30.06.2004.

2006: Exit from TMK business

For several years he was a shareholder of TMK OJSC (until 2006).

In 2006, Melnichenko left TMK's business through an IPO on the London Stock Exchange, selling his shares to ex-partner Dmitry Pumpyansky.

2007-2011

In 2007, Melnichenko decided to concentrate on the development of his industrial assets and sold his remaining shares in MDM Bank to ex-partner Sergei Popov, becoming the main owner of EuroChem, and in 2011 - SUEK and SGK, having bought the remaining shares from Popov.

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In 2007, the company, which represents Mr. Melnichenko's business interests, acquired control of a 95% stake in MCC Holding Public Limited (Cyprus), the parent company of EuroChem.

For several years he was a member of the Board of Directors of RAO UES of Russia and OJSC TMK. - >

In June 2011, he became Chairman of the Board of Directors of OJSC SUEK.

2012

As of 2012, Andrey Melnichenko is a Russian entrepreneur, chairman of the board of directors of Eurochem and a member of the board of directors of SUEK.

Aktivs

According to 2012 data, Andrei Melnichenko is the owner of the largest producer of mineral fertilizers in Russia. In terms of production volume, Eurochem is one of the three European and ten world producers of chemical fertilizers.

State

According to 2012 data, he took 17th place in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011"^[1]. The fortune of Andrei Melnichenko was estimated at $8.6 billion.

2020: Condition

Andrei Melnichenko took 9th place in the ranking of the Russian-language version of Forbes "The richest businessmen in Russia - 2020." The fortune of Andrei Melnichenko was estimated at $12.5 billion (as of March 2020, in the Forbes rating in real time - $17.9 billion).^[2]

2021: The main beneficiary and member of the Board of Directors of Eurochem and SUEK. Acceptance of UAE citizenship

As of March 2021, Andrey Melnichenko is the main beneficiary and member of the Board of Directors of EuroChem and SUEK. Positions held:

• Chairman of the Nomination, Remuneration and Corporate Governance Committee of Eurochem and SUEK.
• Member of the Strategy Committee of Eurochem and SUEK.
• Non-Executive Director of Eurochem and SUEK.

Andrei Melnichenko in 2021 became a citizen of the UAE.

2022

Resignation from the Board of Directors and number of SUEK beneficiaries

On March 10, 2022, SUEK announced that Andrey Melnichenko left the Board of Directors on March 9, 2022 and is no longer the beneficiary of the Group.^[3]

Getting sanctioned and transferring 90% of the Eurochem Group holding to his wife

Billionaire ​Andrey Melnichenko handed over to his wife 90% of the Eurochem Group AG holding, located in Zug, Switzerland. The accounts of Swiss companies Melnichenko, who fell under sanctions with the start of Russia's special operation in Ukraine, were frozen by UBS and Credit Suisse after March 9, and Citigroup began blocking payments from companies on loans, writes Tagesanzeiger.

But on March 10, Eurochem Group AG published a message that since March 9, Andrei Melnichenko has ceased to be the owner, and also left the post of Independent Director on the company's Board of Directors^[4]on March 30, the Secretary of State for Economics Switzerland unblocked the holding's bank accounts.

7th place in the list of richest Russians with a fortune of $16.3 billion

2023

Recognition as the richest man in Russia

The founder of Eurochem and the Siberian Coal Energy Company Andrei Melnichenko became the richest businessman in Russia according to Forbes. The magazine released an updated rating in early April 2023. Read more here.

Risk of deportation from Switzerland

Oligarch Andrei Melnichenko from SUEK and Eurochem can be deported from Switzerland. According to the newspaper SonntagsBlick in May 2023, the case of this commodity tycoon is being considered by the authorities of the canton of Graubünden, where he lives.

Fortune - $17.42 billion

At the end of 2023, Andrei Melnichenko's fortune amounted to $17.42 billion, which is $5.67 billion more than a year earlier.

Social activities

According to 2012 data, Andrei Melnichenko was elected to the Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs. He worked as a member of the Supervisory Board of the Higher School of State Administration at Moscow State University.^[5]

Family

Wife of Alexander Melnichenko (before marriage - Sandra Nikolic).

Interesting facts

• 2012 - The family has a yacht 119 meters long, the design of which was developed by Philip Stark^[6].
• 2021 - Andrey Melnichenko owned the Sailing Yacht "A" - this is a motor-sailing yacht, one of the largest yachts in the world (length - 143 m).

Notes