Andrey Melnichenko
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Andrey Melnichenko (Russian: Андрей Мельниченко, Belarusian: Андрэй Мельнічэнка, born on March 8, 1972 in Gomel, Belarus) is a Russian businessman and billionaire.
He is best-known for his energy and banking businesses.
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[edit] Career
Over the past 15 years, Andrey Melnichenko has played a significant role in building some of Russia’s most successful corporations.
He is the Chairman of the Board of Directors of EuroChem - Russia’s largest fertilizer producer with annual sales of US$3.2 billion in 2007 - and the beneficiary of a 95% interest in the company. [1]
In 1993 Melnichenko was one of the co-founders of MDM Bank which grew to become one of Russia’s largest private banks within ten years. Melnichenko became the sole owner of the bank in 1997 after buying out its two other shareholders. From 1997 to 2001 he was the Chairman of the Management Board of MDM Bank, and during 2001 to 2005 Chairman of the Board of Directors. [2]
Since 2000, Melnichenko, together with his business partner Sergey Popov, has steered the build-up of three successful corporations - EuroChem, the Siberian Coal and Energy Company (SUEK) and TMK, Russia’s largest manufacturer and exporter of steel pipes. [3]
Melnichenko and Popov built Siberian Coal and Energy Company (SUEK), Russia’s largest integrated coal and energy company. In 2007, Melnichenko and Popov signed a letter of intent with Russia’s largest energy company, Gazprom, about the acquisition of 50% plus one share of SUEK by Gazprom, which became effective in 2008. [4]
Melnichenko is a Member of the Board of Directors of SUEK. [5]
In 2001, Melnichenko and Popov founded TMK.[6] The company produces almost the entire range of existing pipes used in the oil and gas sector, the chemical and petrochemical industries with annual sales of over US$4 billion in 2007. [7]
TMK was listed on the London stock exchange in November 2006. [8] In 2007, Melnichenko’s interests took over Popov’s shares in EuroChem to become the sole major shareholder in exchange for selling his stake in MDM Bank to Popov. [9]
In 2007, Melnichenko acquired a stake of about 7% in the German competitor K+S, a potash and fertilizer producer based in the German town of Kassel. In 2008, Melnichenko increased his stake in K+S to about 15%. [10]
Melnichenko is a Member of the Management Board of the Russian Union of Industrialists and Entrepreneurs, and a trustee of the Advanced School of Public Administration of Moscow State University. He studied physics as Moscow University and graduated from Plekhanov Russian Academy of Economics majoring in Finance and Credit.
[edit] Personal life
Andrey Melnichenko's interests include reading, travel and diving. He is married to Aleksandra Nikolic Melnichenko and lives in Moscow. It is believed the Melnichenko family owns “Motor Yacht A” launched in the summer of 2008. [11] It was designed by Philippe Starck and Martin Francis [12] and built at the Blohm+Voss shipbuilding yard in Hamburg, Germany. [13] Motor Yacht A is 119m long and weighs approximately 5500 tones. [14]
[edit] References
- ^ SUEK http://www.suek.ru/en/page.php?id=241
- ^ Euro am Sonntag, 26th April 2008
- ^ Euro am Sonntag, 26th April 2008
- ^ Euro am Sonntag, 26th April 2008
- ^ SUEK http://www.suek.ru/en/page.php?id=241
- ^ Euro am Sonntag, 26th April 2008
- ^ TMK-Group http://www.tmk-group.com/activity.php
- ^ TMK-Group http://www.tmk-group.com/invest_faq.php#_-On_which_stock
- ^ Euro am Sonntag, 26th April 2008
- ^ HNA Online, http://www.wallstreet-online.de/diskussion/704479-4561-4570/bei-kali-salz-716200-sind-groessere-kursverluste-zu-erwarten
- ^ Boating International – “A” – 1.8.09 http://www.boatinternationalmedia.com/mags/mag01.htm
- ^ The Yacht Report – “The Story of A” - 1.7.08 http://www.synfo.com/TheYachtReport/YachtReport.asp#
- ^ India Boating Magazine – “Motor Yacht ‘A’. The Future of Yacht Design - Nov-Dec 08 http://www.indiaboating.com/index.php
- ^ The Best, Superyates & Marinas – “A”, de Phillipe Starck – Nov-Dec 08 - http://www.curtediciones.com/
[edit] External links
OAO "TMK" http://www.tmk-group.com/
TMK-ARTROM http://www.artrom.ro/
MDM Bank http://www.mdmbank.com/
