Matthias Warnig is to retire from his position as Chairman of the Board of Directors of aluminium producer UC RUSAL.

“I am confident that I can hand over to my successor a successfully developed company. My mission is completed,” says Warnig. “With the planned de-listing of the company from the OFAC’s SDN List, we stand in front of a new strategic development, also in the Board of Directors, therefore now is the optimal point in time for the chairmanship change". 


Warnig was appointed as a member of the Board of UC RUSAL Plc in June 2012 and has chaired the Board since October 2012. His time in office embraced a comprehensive and successful restructuring of the company confronted with many challenges. Cost structures were optimised, the debt has decreased substantially, so that after several years the shareholders could again be paid dividends. The election of the successor is planned for the next Board meeting on 27 December, 2018. 


“I would like to thank every staff member of the UC RUSAL, the Management and my fellow colleagues at the Board of Directors for their continuous engagement and contribution to the joined success of the Company and to wish prosperity and positive development in the future,” says  Warnig.