Vekselberg Slammed Over Resignation From Rusal


Vekselberg Slammed Over Resignation From Rusal

Tags: vekselberg, company, chairman, largest, aluminum, billion, percent, moscow, russia's, world's

MOSCOW March 13, 2012, 08:32 am ET

MOSCOW (AP) — A bitter war of words broke out Tuesday between two of Russia's richest men after Viktor Vekselberg quit as chairman of Rusal, the world's largest aluminum producer.

The resignation marks an unusually public spat among the secretive ranks of Russia's corporate community and prompted a rebuke of Vekselberg's conduct as chairman by fellow billionaire Oleg Deripaska, who controls Rusal.

Rusal, which is valued at around euro12 billion, requested a suspension in its shares as the resignation was announced. At the time, they were trading 1.3 percent lower on the day on the Hong Kong Stock Exchange.

In a statement posted on his Renova holding company late Monday, Vekselberg said mismanagement at Rusal has wrought devastating damage on the company.

"Rusal has, in my opinion, deteriorated from an international aluminum leader into a company overburdened with debt and entangled in numerous lawsuits and social conflicts," he said.

Vekselberg is Rusal's third-largest shareholder and holds a 15.8 percent stake in the company. He had chaired the board of the world's largest aluminum producer since its founding in 2007. Rusal's debt at the end of September stood at $10.9 billion.

In a statement, Rusal, which is 47 percent owned by Deripaska's holding company, indicated that Vekselberg had jumped before he was pushed. The company noted that Vekselberg had failed to attend any live board meetings since February last year and had missed the annual shareholder meeting in June.

"The decision of Mr. Vekselberg to resign as chairman of the board pre-empted the anticipated consideration of this matter by the board," Rusal said.

An independent director will be appointed to replace Vekselberg, Rusal said.

Vekselberg, whose personal wealth is estimated at $12.4 billion by Forbes magazine, came to prominence in the 1990s as a member of the powerful business community, known collectively as oligarchs. He owned and ran an array of oil and metals assets before winding up most of his business activities in 2010 to focus on the state-sponsored Skolkovo innovation center.

Not yet rated. Be the first:

<< Previous Article      Next Article >>


Comment

Name:

http://1buyviagrahere.com/ said... Rating: 0   Vote +   Vote -  

xV2y50 Im thankful for the blog article.Really looking forward to read more. Keep writing.

12/22/2012 11:20:56 PM 

buy viagra online said... Rating: 0   Vote +   Vote -  

WE0iHQ wow, awesome blog article.Thanks Again. Really Great.

12/23/2012 7:57:37 AM 

buy viagra online said... Rating: 0   Vote +   Vote -  

dA1RHM Really appreciate you sharing this blog.Really looking forward to read more. Want more.

12/23/2012 5:17:48 PM 

weight loss pills said... Rating: 0   Vote +   Vote -  

A round of applause for your blog post. Great.

12/29/2012 4:39:40 PM 

weight loss healthy said... Rating: 0   Vote +   Vote -  

Thanks for the post. Much obliged.

12/29/2012 4:39:41 PM 

lose weight really fast said... Rating: 0   Vote +   Vote -  

I really enjoy the article.Much thanks again. Will read on...

12/28/2012 3:21:55 PM 

weight loss pills said... Rating: 0   Vote +   Vote -  

Awesome article post.Really thank you! Awesome.

12/28/2012 3:52:26 PM 

Hugh Penson said... Rating: 0   Vote +   Vote -  

Awesome article.Much thanks again.

1/1/2013 7:37:52 AM 

diet pill said... Rating: 0   Vote +   Vote -  

On http://dietpill-onlineshop.com you can find - Diet pills shop that sells natural weight loss pills.

12/30/2012 3:43:10 AM 

Earnestine Mclauchlin said... Rating: 0   Vote +   Vote -  

I really liked your blog.Thanks Again. Want more.

1/2/2013 11:47:07 AM 

Harriett Bernardi said... Rating: 0   Vote +   Vote -  

Thanks again for the blog.Thanks Again.

1/1/2013 4:38:45 AM 

Hillary Rennick said... Rating: 0   Vote +   Vote -  

Wow, great post.Really thank you! Fantastic.

1/2/2013 2:21:08 PM 

Easy Video Suite Review said... Rating: 0   Vote +   Vote -  

wow, awesome blog post.Much thanks again. Want more.

1/11/2013 6:55:36 AM 

company branding london|logo design london|logo design herts|company logo london|branding herts|graphic design company london said... Rating: 0   Vote +   Vote -  

Great, thanks for sharing this article. Want more.

1/10/2013 3:19:03 PM 

comparatif vpn said... Rating: 0   Vote +   Vote -  

Thanks for sharing, this is a fantastic post.Much thanks again. Want more.

1/11/2013 6:38:50 PM 

inteligator phone number said... Rating: 0   Vote +   Vote -  

Say, you got a nice post.Really thank you! Really Great.

1/11/2013 8:53:00 AM 

family day fun in toronto said... Rating: 0   Vote +   Vote -  

Appreciate you sharing, great blog.Much thanks again.

1/11/2013 8:35:34 PM 

Twin peak profits said... Rating: 0   Vote +   Vote -  

I am so grateful for your blog article.Thanks Again. Great.

1/12/2013 7:51:05 AM 

tantric massage london said... Rating: 0   Vote +   Vote -  

Wow, great blog post.Thanks Again. Really Great.

1/11/2013 10:51:15 AM 

pijat tradisional said... Rating: 0   Vote +   Vote -  

Very good article post.Really looking forward to read more.

1/11/2013 10:31:37 PM 

SupremeSearch.net said... Rating: 0   Vote +   Vote -  

A round of applause for your blog article. Awesome.

1/11/2013 12:48:54 PM 

omegle chatrandom said... Rating: 0   Vote +   Vote -  

Really informative post.Much thanks again. Really Great.

1/12/2013 10:21:22 AM 

cheap viagra said... Rating: 0   Vote +   Vote -  

Thanks so much for the blog article. Great.

1/14/2013 8:25:15 AM 

die cutting said... Rating: 0   Vote +   Vote -  

Fantastic blog post.Thanks Again. Want more.

1/12/2013 12:28:14 AM 

winnetka hypothyroid said... Rating: 0   Vote +   Vote -  

Great blog.Really looking forward to read more. Really Great.

1/14/2013 9:25:47 AM 

brisbane plumber said... Rating: 0   Vote +   Vote -  

I really like and appreciate your blog post.Much thanks again. Really Great.

1/15/2013 3:54:02 PM 

OTTIMIZZAZIONE SITI FROSINONE said... Rating: 0   Vote +   Vote -  

Thanks a lot for the post.Really looking forward to read more. Really Cool.

1/12/2013 2:22:12 AM 

Blutdruck Senken said... Rating: 0   Vote +   Vote -  

Thanks so much for the blog post.Thanks Again.

1/14/2013 1:29:33 PM 

buy cialis online said... Rating: 0   Vote +   Vote -  

Wow, great blog article. Really Cool.

1/14/2013 9:45:12 AM 

website flipping said... Rating: 0   Vote +   Vote -  

I really like and appreciate your post.Really thank you! Really Cool.

1/11/2013 2:44:57 PM 

wordpress training said... Rating: 0   Vote +   Vote -  

A round of applause for your blog.Really thank you! Really Great.

1/12/2013 6:45:31 AM 

seo services said... Rating: 0   Vote +   Vote -  

A round of applause for your post.Really looking forward to read more. Fantastic.

1/15/2013 11:41:36 AM 

viagra 50mg said... Rating: 0   Vote +   Vote -  

Major thanks for the post.Thanks Again. Awesome.

1/14/2013 4:18:25 AM 

oakley sunglasses said... Rating: 0   Vote +   Vote -  

Very good article post. Really Great.

1/15/2013 5:32:38 PM 

Electrovoice speaker said... Rating: 0   Vote +   Vote -  

Very informative article.Really looking forward to read more. Great.

1/14/2013 8:46:06 PM 

Health & Wellness Experts said... Rating: 0   Vote +   Vote -  

Thank you for your blog.Really thank you! Great.

1/11/2013 4:40:41 PM 

What do do to make money online said... Rating: 0   Vote +   Vote -  

Thank you for your post.Really looking forward to read more. Much obliged.

1/15/2013 12:17:12 PM 

How To Eat More to Lose More said... Rating: 0   Vote +   Vote -  

Im obliged for the blog post. Keep writing.

1/14/2013 11:27:32 AM 

Event directory said... Rating: 0   Vote +   Vote -  

Fantastic blog post. Much obliged.

1/16/2013 4:58:26 AM 

tag heuer replica watches said... Rating: 0   Vote +   Vote -  

I truly appreciate this blog article.Really thank you! Fantastic.

1/15/2013 7:23:49 PM 

trendy clothes for women said... Rating: 0   Vote +   Vote -  

Thanks again for the blog post.

1/16/2013 9:46:39 AM 

real jobs online said... Rating: 0   Vote +   Vote -  

Say, you got a nice article post.Really looking forward to read more. Much obliged.

1/15/2013 6:04:08 AM 

http://www.pharmacie-cialis.com/ said... Rating: 0   Vote +   Vote -  

Thank you ever so for you article.Really looking forward to read more. Great.

1/14/2013 11:53:11 AM 

android said... Rating: 0   Vote +   Vote -  

Thanks for the blog article.Thanks Again. Will read on...

1/15/2013 3:31:11 AM 

free joomla plugins said... Rating: 0   Vote +   Vote -  

I loved your blog post. Want more.

1/14/2013 5:30:52 AM 

Blutdruck Senken said... Rating: 0   Vote +   Vote -  

Thanks for the post.Much thanks again. Really Great.

1/16/2013 2:37:45 AM 

Clicking Here said... Rating: 0   Vote +   Vote -  

Enjoyed every bit of your blog article.Really looking forward to read more. Much obliged.

1/15/2013 7:20:17 AM 

USANA Health Sciences said... Rating: 0   Vote +   Vote -  

Major thankies for the blog. Great.

1/15/2013 1:29:42 PM 

this site said... Rating: 0   Vote +   Vote -  

A big thank you for your blog.Really looking forward to read more. Really Cool.

1/16/2013 3:34:13 AM 

rapidshare search engine said... Rating: 0   Vote +   Vote -  

Im obliged for the blog article.Thanks Again. Really Cool.

1/14/2013 1:08:45 PM 

granuflo lawyer said... Rating: 0   Vote +   Vote -  

Thanks for the blog article. Cool.

1/15/2013 7:45:20 AM 

candy shop said... Rating: 0   Vote +   Vote -  

Thanks for sharing, this is a fantastic article post.Really thank you! Fantastic.

1/16/2013 6:08:19 AM 

disco light said... Rating: 0   Vote +   Vote -  

Im grateful for the blog article.Thanks Again. Want more.

1/15/2013 3:43:26 AM 

kreditai said... Rating: 0   Vote +   Vote -  

A big thank you for your blog post.Really thank you! Keep writing.

1/15/2013 8:36:41 AM 

cialis said... Rating: 0   Vote +   Vote -  

Great, thanks for sharing this article post.Really thank you!

1/14/2013 5:33:24 AM 

bluehost coupon reseller said... Rating: 0   Vote +   Vote -  

I think this is a real great post.Really looking forward to read more. Want more.

1/16/2013 6:34:44 AM 

Fantasy book inspirational blog sci-fi said... Rating: 0   Vote +   Vote -  

I think this is a real great blog.Really thank you! Want more.

1/15/2013 9:43:50 AM 

viagra en ligne said... Rating: 0   Vote +   Vote -  

Im obliged for the article. Keep writing.

1/14/2013 6:57:24 AM 

Buy Neopoints said... Rating: 0   Vote +   Vote -  

Im grateful for the article post.Really thank you! Awesome.

1/16/2013 7:20:09 AM 

fastrack aviator sunglasses said... Rating: 0   Vote +   Vote -  

I think this is a real great blog article.Really looking forward to read more. Fantastic.

1/15/2013 1:38:15 PM 

www.friv.com said... Rating: 0   Vote +   Vote -  

Very neat article. Awesome.

1/15/2013 9:50:57 AM 

Movie t-shirts said... Rating: 0   Vote +   Vote -  

Really appreciate you sharing this blog.Really thank you!

1/16/2013 8:28:45 AM 

Detektei said... Rating: 0   Vote +   Vote -  

Really enjoyed this article.Really looking forward to read more. Will read on...

1/15/2013 2:42:07 PM 

Castleville Hack said... Rating: 0   Vote +   Vote -  

I value the blog article.Really thank you! Awesome.

1/16/2013 3:41:02 PM 

car insurance said... Rating: 0   Vote +   Vote -  

I really enjoy the article. Keep writing.

1/17/2013 7:49:38 AM 

wedding cake sydney said... Rating: 0   Vote +   Vote -  

Major thankies for the blog post.Thanks Again. Want more.

1/16/2013 3:47:45 AM 

sunglasses said... Rating: 0   Vote +   Vote -  

Really informative article post.Really looking forward to read more. Cool.

1/15/2013 3:37:21 PM 

wedding video melbourne said... Rating: 0   Vote +   Vote -  

Thanks again for the blog article.Really thank you! Want more.

1/16/2013 8:32:57 AM 

galabal said... Rating: 0   Vote +   Vote -  

I think this is a real great post. Really Cool.

1/17/2013 9:01:17 PM 

OMG Machines Review said... Rating: 0   Vote +   Vote -  

I appreciate you sharing this blog post.Much thanks again. Fantastic.

1/18/2013 5:35:21 AM 

salon spa said... Rating: 0   Vote +   Vote -  

I am so grateful for your post.Thanks Again. Fantastic.

1/17/2013 3:00:21 AM 

fischen in norwegen said... Rating: 0   Vote +   Vote -  

This is one awesome blog post. Will read on...

1/17/2013 10:56:21 PM 

dance plus Lessons Tulsa Weekly Tuesday Moose said... Rating: 0   Vote +   Vote -  

Fantastic blog.Really thank you! Really Cool.

1/15/2013 4:46:51 AM 

tasaciones de terrenos said... Rating: 0   Vote +   Vote -  

Appreciate you sharing, great blog post.Really looking forward to read more. Really Cool.

1/18/2013 5:39:51 AM 

Ange Kagame Images said... Rating: 0   Vote +   Vote -  

I am so grateful for your article post.Much thanks again. Really Great.

1/18/2013 12:50:53 AM 

lidaci said... Rating: 0   Vote +   Vote -  

Really appreciate you sharing this article.Really thank you! Will read on...

1/17/2013 9:41:22 AM 

landing page said... Rating: 0   Vote +   Vote -  

Say, you got a nice blog article.Really looking forward to read more. Want more.

1/18/2013 6:48:04 AM 

weight loss said... Rating: 0   Vote +   Vote -  

Looking forward to reading more. Great post.Really looking forward to read more. Really Great.

1/17/2013 11:16:22 AM 

geld verdienen said... Rating: 0   Vote +   Vote -  

Thanks for sharing, this is a fantastic article. Fantastic.

1/15/2013 5:45:08 AM 

amway scam said... Rating: 0   Vote +   Vote -  

Wow, great blog post. Much obliged.

1/18/2013 7:39:15 AM 

Blutdruck Senken said... Rating: 0   Vote +   Vote -  

wow, awesome blog.Much thanks again. Great.

1/14/2013 7:27:17 AM 

click here said... Rating: 0   Vote +   Vote -  

I really liked your blog post.Thanks Again.

1/18/2013 9:36:20 AM 

houston locksmith said... Rating: 0   Vote +   Vote -  

Im obliged for the blog.Much thanks again. Much obliged.

1/18/2013 3:09:52 AM 

charter Rodos said... Rating: 0   Vote +   Vote -  

Very informative blog article.Really looking forward to read more. Want more.

1/18/2013 8:00:57 AM 

new said... Rating: 0   Vote +   Vote -  

I really liked your post.Really thank you! Cool.

1/17/2013 11:34:14 AM 

cheap instagram likes said... Rating: 0   Vote +   Vote -  

Thanks for sharing, this is a fantastic blog.Really looking forward to read more. Much obliged.

1/17/2013 1:26:51 PM 

edinburgh singing lessons said... Rating: 0   Vote +   Vote -  

Looking forward to reading more. Great blog article.Really looking forward to read more. Great.

1/18/2013 3:40:49 AM 

Bal der Bals said... Rating: 0   Vote +   Vote -  

A round of applause for your article post.Thanks Again. Will read on...

1/18/2013 9:19:35 AM 

IDPF said... Rating: 0   Vote +   Vote -  

Thanks a lot for the blog post. Great.

1/20/2013 2:06:58 AM 

benefits of tea tree oil said... Rating: 0   Vote +   Vote -  

This is one awesome article post.Really thank you! Awesome.

1/17/2013 12:32:09 PM 

we REPAIR LAPTOPS & PCS said... Rating: 0   Vote +   Vote -  

Fantastic blog post.Really looking forward to read more. Awesome.

1/18/2013 2:38:37 PM 

kim kardashian sex tape said... Rating: 0   Vote +   Vote -  

Thank you ever so for you blog post. Really Great.

1/17/2013 4:02:24 AM 

Lover Girls Point said... Rating: 0   Vote +   Vote -  

I really like and appreciate your article post.Really thank you! Keep writing.

1/17/2013 1:43:08 PM 

shopping center investments said... Rating: 0   Vote +   Vote -  

Very good blog.Thanks Again.

1/24/2013 1:26:57 AM 

misoprostol 200 mcg said... Rating: 0   Vote +   Vote -  

Muchos Gracias for your post.Really looking forward to read more. Will read on...

1/17/2013 2:53:45 PM 

what is your website worth said... Rating: 0   Vote +   Vote -  

Thank you ever so for you blog.Really looking forward to read more. Awesome.

1/21/2013 4:42:10 AM 

Farmville 2 Cheat Engine said... Rating: 0   Vote +   Vote -  

Great, thanks for sharing this article.Much thanks again. Much obliged.

1/25/2013 5:57:59 AM 

quickquid said... Rating: 0   Vote +   Vote -  

Very neat post.Thanks Again. Much obliged.

1/17/2013 3:20:53 PM 

Twitter followers said... Rating: 0   Vote +   Vote -  

Really informative post.Really thank you! Much obliged.

1/22/2013 2:26:26 AM 

pajama kids said... Rating: 0   Vote +   Vote -  

I really enjoy the article post. Great.

1/25/2013 7:15:47 AM 

ios said... Rating: 0   Vote +   Vote -  

Major thankies for the blog. Will read on...

1/17/2013 5:14:23 PM 

Make money from home said... Rating: 0   Vote +   Vote -  

Major thankies for the article post.Really looking forward to read more. Awesome.

1/29/2013 9:03:25 PM 

Lose Weight Fast said... Rating: 0   Vote +   Vote -  

Im grateful for the blog article.Thanks Again. Awesome.

1/17/2013 4:09:40 AM 

pay day loans said... Rating: 0   Vote +   Vote -  

Wow, great post.Really thank you! Keep writing.

1/28/2013 6:10:22 AM 

fml said... Rating: 0   Vote +   Vote -  

Really informative post.Really looking forward to read more. Keep writing.

1/30/2013 8:02:07 PM 

chatroulette.com said... Rating: 0   Vote +   Vote -  

Really informative article post.Really thank you!

1/29/2013 9:17:59 AM 

Make Up Artist said... Rating: 0   Vote +   Vote -  

Really appreciate you sharing this post. Keep writing.

1/17/2013 7:07:02 PM 

Web Design said... Rating: 0   Vote +   Vote -  

A big thank you for your blog post.Much thanks again. Great.

1/31/2013 2:24:21 AM 

locksmith in houston said... Rating: 0   Vote +   Vote -  

Great post. Awesome.

1/17/2013 5:20:50 AM 

kitesurfing tarifa said... Rating: 0   Vote +   Vote -  

I cannot thank you enough for the blog. Really Cool.

1/18/2013 10:40:35 AM 

Payday loans said... Rating: 0   Vote +   Vote -  

I truly appreciate this blog post.Really looking forward to read more. Want more.

1/29/2013 10:49:48 AM 

credit repair firm said... Rating: 0   Vote +   Vote -  

A big thank you for your blog.Thanks Again. Really Great.

1/31/2013 3:47:54 AM 

best weight loss said... Rating: 0   Vote +   Vote -  

Wow, great blog article.Really looking forward to read more. Fantastic.

1/29/2013 12:25:03 PM 

dsp said... Rating: 0   Vote +   Vote -  

Very good article.Thanks Again. Really Cool.

1/18/2013 4:23:12 AM 

make a website said... Rating: 0   Vote +   Vote -  

Thank you ever so for you blog post.Really thank you! Really Cool.

1/18/2013 11:31:11 AM 

orgone said... Rating: 0   Vote +   Vote -  

Thanks-a-mundo for the article.Really thank you! Keep writing.

1/18/2013 12:03:32 PM 

Kata Mutiara Motivasi said... Rating: 0   Vote +   Vote -  

Thanks again for the blog article.Really thank you! Awesome.

1/17/2013 5:56:20 AM 

Houston MMA said... Rating: 0   Vote +   Vote -  

Very informative blog.Thanks Again. Want more.

1/18/2013 3:24:08 PM 

Google Sniper 2.0 Bonus said... Rating: 0   Vote +   Vote -  

Thanks for sharing, this is a fantastic article post.Thanks Again. Cool.

1/18/2013 1:23:15 PM 

SEM said... Rating: 0   Vote +   Vote -  

Very neat blog post.Thanks Again.

1/18/2013 1:26:26 PM 

furnace cleaning calgary specials said... Rating: 0   Vote +   Vote -  

Fantastic blog article.Really looking forward to read more. Great.

1/18/2013 3:50:42 PM 

bellas artes tienda said... Rating: 0   Vote +   Vote -  

Im thankful for the article post.Really looking forward to read more. Really Cool.

1/16/2013 10:24:30 AM 

printing canada said... Rating: 0   Vote +   Vote -  

Looking forward to reading more. Great article post. Really Cool.

1/18/2013 5:21:52 PM 

petaluma ipad 2 cracked screen said... Rating: 0   Vote +   Vote -  

wow, awesome article post.Thanks Again. Cool.

1/16/2013 11:00:33 AM 

hd walpapers said... Rating: 0   Vote +   Vote -  

Im thankful for the blog.Much thanks again. Will read on...

2/6/2013 3:12:32 AM 

The Diet solution program PDF said... Rating: 0   Vote +   Vote -  

Muchos Gracias for your post.Much thanks again. Much obliged.

1/16/2013 12:13:32 PM 

buy cheap youtube views said... Rating: 0   Vote +   Vote -  

Im obliged for the blog post.Thanks Again. Awesome.

1/16/2013 12:18:31 PM 

oferta viajes said... Rating: 0   Vote +   Vote -  

Thanks-a-mundo for the article.Much thanks again. Really Great.

1/16/2013 1:24:58 PM 

Boise web design said... Rating: 0   Vote +   Vote -  

Very informative article post.Much thanks again. Really Great.

1/16/2013 2:32:38 PM