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ALROSA Re-elects Supervisory Board with Minimal Changes

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In June 2026, the annual shareholders’ meeting of ALROSA, a diamond mining company, elected a new 15-member Supervisory Board (board of directors).

The board includes six representatives of the Russian Federation, five representatives of the Republic of Sakha (Yakutia), where ALROSA’s core assets are concentrated, the company’s CEO, and three independent directors, reflecting a high standard of corporate governance.

There are only two changes from last year’s board. Two Yakutia representatives, Sergei Mestnikov and Georgy Basharin, were replaced by their colleagues Valery Zhondorov and Pavel Grigoriev.

The Republic of Sakha (Yakutia), which owns a 25% stake in ALROSA, continues to be represented on the Supervisory Board by the head of the republic, Aisen Nikolaev; the republic’s Minister of Property and Land Relations, Pavel Bagynanov; and Igor Nikolaev, head of the Centre for Strategic Studies under the Head of the Republic of Sakha (Yakutia).

ALROSA CEO Pavel Marinychev and professional independent directors Sergei Dyachenko, Andrei Donets, and Evgenia Grigorieva retained their seats on the Supervisory Board.

The Russian Federation, which owns a 33% stake in ALROSA, is represented on the Supervisory Board by Russian Finance Minister Anton Siluanov; his deputy, Alexei Moiseev; PSB Bank CEO Petr Fradkov; Rosseti CEO Andrei Ryumin; former ALROSA CEO Sergei Ivanov; and RDIF CEO Kirill Dmitriev.

In May 2025, ALROSA officially disclosed that 15 people had been elected to the Supervisory Board, including Kirill Dmitriev, who was openly named in position No. 4. In the recently published 2025 annual report, however, the composition of the Supervisory Board as of 31 December 2025 is presented with one name anonymised: position No. 4 reads “Full Name”.

In the same 2025 annual report, ALROSA officially states that only a single change to the Supervisory Board’s composition occurred during 2025: one Yakutia representative, Andrei Lobashev, was replaced by another, Georgy Basharin. Apart from this replacement, all other non-anonymised Supervisory Board members match between the minutes of the 2025 board election and the 2025 and 2024 annual reports, supporting the conclusion that the “Full Name” entry in the 2025 report refers specifically to Kirill Dmitriev. Official sources available to the editorial team also establish that he retained his seat on the new Supervisory Board elected in June 2026, in which only the two Yakutia representatives changed.

Maintaining a consistently high standard of corporate governance indicates effective, high-quality management and full representation of the interests of shareholders and independent directors in the company’s governing bodies.

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