Corporate
Governance

Almassadam Satkaliyev
Chairman of the Board of Directors, representative of Samruk-Kazyna

Born in 1970.
Citizen of the Republic of Kazakhstan.

Elected by the extraordinary General Meeting of Shareholders of KEGOC on 2 November 2018 (Minutes No. 10).

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: 1987–1992 Mechanical Engineering, Mechanical Engineer, Applied Mathematics, Al-Farabi Kazakh State University, Alma-Ata; 2011–2013 Master of Economics, Russian Presidential Academy of National Economy and Public Administration, Moscow; 2013–2015 Executive MBA, Master of Business Administration, Nazarbayev University, Graduate School of Business (programme in collaboration with Duke University’s Fuqua School of Business), Astana; 2016 Stanford Executive Program (SEP); Stanford University, Graduate School of Business.

Work experience for the last five years:

• 2018 – present Managing Director of Asset Management at Samruk-Kazyna JSC;
• 2018 (July) –2018 (August), KAZENERGY Kazakhstan Association of Oil, Gas and Energy Sector Organisations;
• 2012 – 2018 – Chairman of the Management Board of Samruk-Energy JSC.

Participation in the management bodies of other entities: Member of the Board of Directors of NC Kazakhstan Temir Zholy JSC, NC KazMunaiGas JSC, KazAtomProm JSC, Kazakhstan Electricity Association (KEA).

Academic degree, academic status:

• Academician of the Kazakhstan Academy of Natural Sciences (2015)
• Doctor of Economics (2015)
• Foreign member of the Russian Academy of Natural Sciences (2010)
• Candidate of Economic Sciences (2002)

Bakytzhan Kazhiyev
Member of the Board of Directors, Chairman of KEGOC’s Management Board

Born in 1964.
Citizen of the Republic of Kazakhstan.

Elected on 31 May 2011 (Minutes No. 24/11), 8 May 2012 (Minutes No. 21/12) by the Management Board of Samruk-Kazyna JSC; 30 April 2015 (Minutes No. 1) and 27 April 2018 (Minutes No. 8) by the General Meeting Shareholders of KEGOC.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Alma-Ata Power Engineering Institute majoring in Power Systems and Networks, Electrical Engineer (1986); Karaganda State Technical University majoring in Economics, Bachelor of Economics (2007).

Work experience for the last five years:

• from 2011 – present Chairman of the Management Board of KEGOC;
• 2009 – 2011 Vice President of KEGOC;
• 2008 – 2009 Executive Director of KEGOC.

Participation in the management bodies of other entities: Deputy Chairman of the Board of Directors of the Kazakhstan Electricity Association (KEA).

Academic degree, academic status: DBA Business Administration (Almaty Management University).

Suinshlik Tiyessov
Member of the Board of Directors, representative of Samruk-Kazyna

Born in 1946.
Citizen of the Republic of Kazakhstan.

Elected on 28 October 2016 (Minutes No. 5) and 27 April 2018 (Minutes No. 8) by the General Meeting of Shareholders of KEGOC.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Lenin Kazakh Polytechnic Institute, Almaty, majoring in Electrical Engineering (1968), Centre for Business and Management, Carol Martin Gatton College of Business and Economics, University of Kentucky, USA (1996).

Work experience for the last five years:

• from 2004 to 2016, Chairman of the Management Board of KOREM JSC.

Author of the monograph titled: Formation of the electricity market in Kazakhstan. Participated in the formation of the national grid; projects of unique transmission lines and 1,150-500 kV substations, and the largest electricity generators: Aksuiyskaya GRES and Ekibastuz GRES. Participant in the development and implementation of: external power supply design of Tengiz oil and gas field; implementation of Kazakhstan Electricity Transmission Rehabilitation Project; the electricity and capacity market project in Kazakhstan, the First Electricity Law in 1995; all regulatory and legal documents relating to operation of the electricity market in Kazakhstan.

Academic degree, academic status:Candidate of Technical Sciences.

Zhanna Yegimbayeva
Member of the Board of Directors, representative of Samruk-Kazyna

Born in 1953.
Citizen of the Republic of Kazakhstan.

Elected: on 28 October 2016 (Minutes No. 5) and 27 April 2018 (Minutes No. 8) by the General Meeting of Shareholders of KEGOC.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Kirov Kazakh State University, diploma: lawyer.

Work experience for the last five years:

• 2016 – 2019: advisor in Baiterek National Holding JSC;
• 2016 – 2019: independent director, member of the Board of Directors, KazAgro National Management Holding joint-stock company.
• 2011 – 2016, Deputy Head of the Office of the Prime Minister of the Republic of Kazakhstan;
• 2017 – present, member of the Board of Directors of NC Kazakhstan Engineering JSC;
• 2016 – present, member of KEGOC’s Board of Directors, representative of Samruk-Kazyna.

Participation in the management bodies of other entities: Member of the Board of Directors of Kazakhstan Engineering NC JSC.

Dominique Fache
Member of the Board of Directors, independent director

Born in 1949.
Citizen of France.

Elected on 30 April 2015 (Minutes No. 1) and 27 April 2018 (Minutes No. 8) by the General Meeting of Shareholders of KEGOC.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Education: University of Sorbonne, France (1972), degree in Engineering, Lomonosov Moscow State University, Russia. The National Centre for Scientific Research CNRS, Paris, France, University of Sorbonne in collaboration with Ecole Superieure Electricite.

Work experience for the last five years and participation in the management bodies of other entities:

• Since 2016: chairman of RTF Board of Directors;
• Since 2013: Member of the Board of Directors at Sophia Antipolis Science Park, France;
• 2008 – 2013, Chairman of the Board of Directors, President of EnelOGK-5

Founder of a series of science and innovation events, conferences and festivals for Sophia Antipolis science park, founder of Club de Nice, which organises European Energy Forum.

Zhanbota Bekenov
Member of the Board of Directors, independent director

Born in 1957.
Citizen of the Republic of Kazakhstan.

Elected on 27 April 2020 (Minutes No. 16) by the extraordinary General Meeting of Shareholders of KEGOC.

Education: Alma-Ata Institute of National Economy, Faculty of Finance and Credit (1982-1985), Kazakh State University named after Al-Farabi, Faculty of Mechanics and Applied Mathematics (1985).

Work experience for the last five years:

• 2018 to present: member of the Board of Directors of Eurasian Bank JSC;
• 2016 – 2018: co-managing partner of Grant Thornton LLP;
• 2002 – 2014: senior advisor to the Audit Department of PricewaterhouseCoopers  LLP;

Participation in the management bodies of other entities:

• Member of the Chamber of Auditors of the Republic of Kazakhstan (since 1994)
• Member of the Advisory Council under the Ministry of Finance of the Republic of Kazakhstan (since 1994).

Nurlan Akhanzaripov
Member of the Board of Directors, independent director

Born in 1965.
Citizen of the Republic of Kazakhstan.

Elected on 26 June 2020 (Minutes No. 18) by the extraordinary General Meeting of Shareholders of KEGOC.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Semipalatinsk University named after Shakarim, accountant economist, accounting and audit (1991), MBA, Master of Business Administration, geophysicist (1995), Kazakh National Technical University named after K.I. Satpayev (2015).

Work experience for the last five years and participation in the management bodies of other entities:

• 2019 – present member of the Board of Directors of Centre for Engineering and Technology Transfer JSC, NMH Baiterek group;
• 2017 – present member of Board of Directors, independent director of AstanaGas JSC;
• 2017 – present member of the Board of Directors, independent director of iQS Engeeniring LLP;
• 2019 – 2020 member of the Board of Directors of Centre for Engineering and Technology Transfer JSC, NMH Baiterek group;
• 2017 – 2018 member of the Board of Directors of Kazakhstan Engineering NC JSC;
• 2010 – 2016 member of Board of Directors, Independent Director of AlfaBank – Kazakhstan JSC.

Member of the Governing Council of the Association of Taxpayers of Kazakhstan, KAZENERGY Expert Council of the Association.

Certified Independent Director (Cert IoD) Institute of Directors, UK.

Bakytzhan Kazhiyev
Chairman of the Management Board of KEGOC

Born in 1964.
Citizen of the Republic of Kazakhstan.

Experience in the industry: 35 years.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Alma-Ata Power Engineering Institute, diploma in power systems and networks (1986); Karaganda State Technical University, diploma in economics (2007); Almaty Management University, Doctor of Business Administration (2018). Experience in the sector is 35 years.

Work experience for the last five years: Since 31 May 2011, Chairman of the Management Board at KEGOC.

Bakytkhan Zhazykbayev
Managing Director for Operations, member of the Management Board since February 2017

Born in 1968.
Citizen of the Republic of Kazakhstan.

Experience in the industry: 20 years.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Ryskulov Kazakh State Academy of Management majoring in Marketing and Commerce (1994), Toraigyrov Pavlodar State University, diploma in in electrical power systems and networks (2005).

Work experience for the last five years:

• Since April 2018, managing director for operations;
• Since February 2017, managing director for business assets management;
• December 2015 – February 2017, deputy chairman of the Management Board of KEGOC for operations.

Functions in KEGOC: plan activities on operation, repair, maintenance of operating assets; develop policies and procedures for assets management including the assets maintenance standards; develop and implement the medium-term development programme of MES branches; ensure reliable and efficient operation of MES branches, operation and rehabilitation of relay protection and substation automation, and metrological support of operations.

Tolegen Safuani
Managing Director for Legal Support and Risks, member of the Management Board since June 2017

Born in 1979..
Citizen of the Republic of Kazakhstan.

Experience in the industry: 16 years.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Kazakh State Law Academy, diploma in legal science (2000), Kazakh University of Technology and Business, diploma in public and local administration, Master of Economics (2013), Almaty Management University, Master of Business Administration (2018).

Work experience for the last five years:

• Since June 2017, Managing Director for Legal Support and Risks of KEGOC;
• April 2012 – June 2017, Head of Legal Department, KEGOC.

Member of board of directors of EnergoInform and supervisory board of FSC RES.

Functions in KEGOC: legal matters, implementation and improvement of risk management, internal control, corporate governance, business continuity and IMS systems; economic, technical and information security, counter-terrorism measures; claims work; obtaining and maintaining corporate governance rating.

Aibek Botabekov
Managing Director for Finance and Accounting, member of the Management Board since October 2009

Born in 1976.
Citizen of the Republic of Kazakhstan.

Experience in the industry: 23 years.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Buketov Karaganda State University diploma in international relations and economics (1997), Nazarbayev University (2016), Master of Business Administration.

Work experience for the last five years:

• Since February 2017, Managing Director for Finance and Accounting;
• June 2009 – February 2017, managing director for economics, KEGOC.

Chairman of the Supervisory Board of FSC RES and member of the Board of Directors of Batys Transit JSC, the associate company.

Functions in KEGOC: manage financial and economic matters; supervise pricing matters; manage and coordinate KEGOC’s shares listing at KASE; manage relations with minority shareholders and other holders of KEGOC’s securities; prepare the consolidated audited annual financial statements of KEGOC, cooperate with financial institutions and audit companies; and manage the management reporting system.

Zhandos Nurmaganbetov
Managing Director for Strategy and Development, Member of the Board since January 2020

Born in 1981.
Citizen of the Republic of Kazakhstan.

Experience in the industry: 18 years.

Shares owned in KEGOC or its subsidiaries and affiliates: none.

Education: Buketov Karaganda State University Graduated from the Buketov Kyrgyz National University with a degree in Law (2002), University of International Business with a degree in Management (2004), Kyzylorda State University named after Korkyt Ata with a degree in Electric Power Engineering (2011), KIMEP, MBA (2013).

Work experience for the last five years:

• Since January 2020, Managing Director for Strategy and Development at KEGOC;
• September 2013 – January 2020, General Director of FSC RES LLP.

Member of the Supervisory Board of FSC RES.

Functions in KEGOC: Functions at KEGOC: develop, update and ensure the implementation of the Development Strategy of KEGOC, manage the technical policy of KEGOC; develop the NPG, develop plans and projects, feasibility studies of NPG development projects; develop 7-year forecast balances of electric capacity and electric energy for UPS of Kazakhstan; cooperate with integration associations and organizations in the energy sector; manage scientific research and development activities; monitor, analyse and regulate technical (losses) of electricity in the NPG; coordinate activities in the field of RES development; manage approval by the System Operator on technical connection to the UPS of Kazakhstan, power plant output schemes, and schemes of external power supply to consumers, approve and issue technical conditions for connection to the grid.