CEO, Chairman of the Executive Board

CEO, Chairman of the Executive Board of the Bank heads the Bank's Executive Board and manages its activities.

Herman Gref
CEO, Chairman of the Executive Board

The competence of the CEO, Chairman of the Executive Board of the Bank includes all matters related to the Bank’s daily activities, including:

  1. ensuring execution of decisions of the General Meetings of Shareholders and the Bank’s Supervisory Board;
  2. submission of proposals to the Bank Supervisory Board on the members of the Bank's Executive Board, including on the candidates to the first deputies of the Chairman of the Executive Board, and deputies of the Chairman of the Bank's Executive Board;
  3. organization of work of the Bank's Executive Board;
  4. presiding at meetings of the Bank's Executive Board, signature of minutes from the meetings and decisions made by the Bank's Executive Board;
  5. distribution of duties between the First Deputy Chairman of the Executive Board, Deputies of the Chairman of the Bank's Executive Board and members of the Bank's Executive Board;
  6. the Bank’s representation without a power of attorney in all institutions, enterprises and organizations within the Russian Federation and abroad;
  7. performance of all kinds of transactions and other legal actions on the Bank’s behalf without a power of attorney;
  8. approval of the Bank’s internal documents which are not referred to the competence of the General Shareholders' Meeting, Supervisory Board and Executive Board of the Bank;
  9. exercising employer’s rights and obligations, envisaged by labor laws, in respect of the Bank’s employees;
  10. conclusion, change and termination of employment agreements with the workers of the Head Office, heads of branches, representative offices of the Bank under the established nomenclature;
  11. incentives paid to the Bank’s employees for diligent and efficient work, and bringing the employees to material and disciplinary liability;
  12. approval of organizational structure, staff schedule and arrangement of official salaries, provisions on structural units of the Bank’s Head Office, and the staff schedule of the Bank’s representative offices;
  13. approval of the quarterly report on securities;
  14. approval of a report about results of issue (additional issue) of issue-grade securities;
  15. making decisions about the starting date of bond placement, acquisition of bonds upon demand of owners and (or) upon agreement with their owners, about determining income on bonds, as well as about other matters related to circulation of bonds not falling under the competence of other Bank management bodies;
  16. determining the procedure for working with information qualified as the bank’s commercial secret, and liability for violation of the procedure of working with it;
  17. resolving other issues of the Bank’s daily activities which are not referred to the competence of the General Shareholders' Meeting, Supervisory Board or Executive Board of the Bank.