Highland Gold - Directors & Management

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Directors & Management

Board of Directors

		Duncan Baxter Non-Executive Chairman Duncan Baxter began his career in banking with Barclays in Zimbabwe before joining RAL in 1978. In 1985 he became a director of Commercial Bank (Jersey) Ltd, which was subsequently acquired by Swiss Bank Corporation. Since leaving Swiss Bank in 1998 he has carried out consultancy projects for international banks and investment management companies. He is a Fellow of the Institute of Chartered Secretaries, the Securities Institute and the Institute of Bankers. He joined the Company in November 2002.

		Ivan Koulakov Non-Executive Director Ivan Koulakov graduated from the Moscow State Technical University (Bauman) with a degree in Mechanical Engineering and from the State Financial Academy with a degree in Finance and Banking. In 1995, he became Chairman of ZAO Oil Finance, a company of the Sibneft group. In 1998, Mr. Koulakov becomes Chairman of ZAO MNV. Since then together with his management team he focused on the development of MNV as well as expanding into other development projects. Mr. Koulakov has been on the Board of Highland Gold since 2002.

		Jacques McMullen Non-Executive Director Jacques McMullen graduated in 1977 from Laval University (Quebec, Canada) with a degree in Metallurgical Engineering; subsequently, he completed a Master’s Degree in Mineral Processing. He joined Barrick in 1994 as a result of Barrick’s acquisition of LAC Minerals. With over thirty years of industrial experience, he has held numerous operating and corporate positions which have involved him internationally with cross-functional expertise applied to operations, feasibility studies, evaluations, project development and start-ups. Mr. McMullen currently holds the position of Senior Vice President, Special Projects at Barrick Gold Corporation of Canada (“Barrick”), and is based at Barrick's head office in Toronto. He joined the Highland Gold board of directors in December 2009.

		Nicholas Nikolakakis Non-Executive Director Nicholas Nikolakakis has been with Barrick since April 2006 where he holds the position of Vice President, Corporate Finance. He was previously Vice President and Chief Financial Officer at Placer Dome, Canada. His knowledge is drawn from senior financial roles within some of Canada’s leading energy and mining corporations, combining twelve years of experience in mining and energy acquisitions analysis, operations implementation and development, strategy and change, and all areas of corporate finance. His current responsibilities with Barrick include, capital raising in the public and private markets, management of the balance sheet and long term planning objectives. He joined the Company in December 2006.

		Olga Pokrovskaya Non-Executive Director Olga Pokrovskaya graduated with honors from the State Financial Academy. She served as Senior Audit Manager at accountancy Arthur Andersen from 1991 until 1997. She subsequently joined Russian oil major Sibneft, where she held several key finance positions including serving as Head of Corporate Finance from 2004. In July 2006, Ms. Pokrovskaya took up her current role as Head of Corporate Finance at Millhouse LLC. She joined the Highland Gold Board of Directors in January 2008.

		Terry Robinson Non-Executive Director Chairman of the Audit Committee Terry Robinson has 40 years international business experience. He was 20 years at Lonrho PLC, the international mining and trading group. Since 1998 he has been variously occupied with international business including natural resources in the UK, Russia, the CIS and Brazil. He is a non-executive director of the LSE GDR quoted Evraz Group, the largest Russian steel producer. He is a non-executive director of the Toronto listed Katanga Mining Limited with copper and cobalt mining operations in the DRC and until recently was managing director of Interactive Records Management Ltd, a private equity controlled investment. He is a member of the Institute of Chartered Accountants of England and Wales. He joined Highland Gold Board in April 2008.

		Eugene Shvidler Non-Executive Director Eugene Shvidler is a graduate of the I. M. Gubkin Moscow Institute of Oil and Gas with a masters degree in applied mathematics, and holds an MBA in finance and MS in international tax from Fordham University. He worked as senior vice president of Sibneft beginning in 1995 and served as president of the company from 1998 through 2005. Mr. Shvidler is currently head of Millhouse LLC. He joined the Highland Gold board of directors in January 2008.

		Eugene Tenenbaum Non-Executive Director Eugene Tenenbaum is a chartered accountant and holds a bachelors degree in commerce and finance from the University of Toronto. He worked as an accountant in the Business Advisory Group at Price Waterhouse in Toronto from 1987 until 1989, after which he spent five years in corporate finance with KPMG in Toronto, Moscow and London, including three years (1990-1993) as national director at KPMG International in Moscow. In 1994, he joined Salomon Brothers as a director for corporate finance. He later served as head of corporate finance for Sibneft in Moscow from 1998 through 2001. Mr. Tenenbaum is currently managing director of Millhouse Capital UK Ltd and a member of the Board of Chelsea FC Plc. He joined the Highland Gold board of directors in January 2008.

Senior Management

		Valery Oif CEO Valery Oif is a graduate of the I. M. Gubkin Moscow Institute of Oil and Gas and worked as Vice President of Sibneft from 1997 through to 2004. From 2004 until June 2008 Mr. Oif served as a senator representing the Omsk region, a Siberian constituency, in Russia's Federation Council. Prior to his appointment as the Chief Executive Officer of Highland Gold Valery Oif held the post of the General Director of LLC Millhouse.

		Sergey Yakimov Managing Director,Novoshirokinsky Rudnik (Novo) Sergey Yakimov graduated from the Chita Polytechnical Institute. After graduation in 1983 he has worked for a number of mining companies. Since 1995 he has been the managing director of Novo.

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