The Remuneration Committee makes recommendations to the Board on management compensation, as well as on the remuneration packages of the chairman and the executive directors.
The Remuneration Committee membership
Appointment: Alexander Izosimov was appointed to the Board of EVRAZ plc on 28 February 2012.
Committee membership: Mr Izosimov is chairman of the Remuneration Committee. He is also a member of the Nominations Committee and the Audit Committee.
Skills and experience: Mr Izosimov has extensive managerial and board experience. From 2003 to 2011, he was president and CEO of VimpelCom, a leading emerging market telecommunications operator. From 1996 to 2003, he worked at Mars Inc, where he held various managerial positions, including regional president for CIS, Central Europe and Nordics, and he was a member of the executive board. Prior to Mars Inc, Mr Izosimov was a consultant with McKinsey and Co (Stockholm, London,
Other appointments: Mr Izosimov is an independent non-executive director of the Moscow Stock Exchange.
Appointment: Deborah Gudgeon has been a Board member of EVRAZ plc since May 2015.
Committee membership: Ms Gudgeon serves as chair of the Audit Committee and is a member of the Remuneration Committee.
Skills and experience: Ms Gudgeon is a qualified chartered accountant with 30 years’ experience. She started her career with Coopers and Lybrand and in 1987 became a senior accountant for Salomon Brothers International. From 1987 to 1995, Ms Gudgeon served as a finance executive at Lonrho PLC and was appointed as a member of the Finance Committee in March 1993. From 1995 to 1998, she served as a director for Halstead Services Limited, and, from 1998 to 2003, she served as a director of Deloitte, specialising in corporate finance. From 2003 to 2009, Ms Gudgeon served as a founding director of the Special Situations Advisory team for BDO LLP, providing integrated advice on corporate finance, restructuring, debt and performance improvement. From 2011 to 2017, Ms Gudgeon served as managing director of Gazelle Corporate Finance Limited.
Other appointments: Ms Gudgeon is currently a senior adviser at Penfida Limited.
Appointment: Laurie Argo was appointed to the EVRAZ plc Board of Directors in August 2018.
Committee membership: Ms Argo is a member of the Audit Committee and Remuneration Committee.
Skills and experience: Ms Argo has over 20 years of experience in the energy industry. From 2015 to 2017, she served as senior vice president of Enterprise Products Holdings LLC, the general partner of Enterprise Products Partners L.P. From October 2014 to February 2015, Ms Argo was chief executive officer and president of OTLP GP LLC, the general partner of Oiltanking Partners L.P. From January 2014 to January 2015, she served as vice president, NGL fractionation, storage and unregulated pipelines, which included gas gathering and processing in the Rockies, San Juan and Permian areas. From 2005 to 2014, she held various positions in the NGL and natural gas processing businesses for Enterprise, where her responsibilities included the commercial and financial management of four joint venture companies.
From 2001 to 2004, Ms Argo worked for San Diego Gas and Electric Company and from 1997 to 2000 PG&E Gas Transmission in Houston, Texas.
Other appointments: None.
Appointment: Sir Michael Peat was appointed to the Board of EVRAZ plc on 14 October 2011.
Committee membership: Sir Michael serves as chairman of the Nominations Committee and is a member of the Remuneration Committee.
Skills and experience: Sir Michael is a qualified chartered accountant with over 40 years’ experience. He served as principal private secretary to HRH the Prince of Wales from 2002 until 2011. Prior to this, he spent nine years as the Royal Household’s director of finance and property services and then treasurer to the Queen and keeper of the privy purse. Sir Michael was at KPMG from 1972 and became a partner in 1985. He left KPMG in 1993 to devote himself to his public roles. He holds an MA and MBA and is a fellow of the Institute of Chartered Accountants in England and Wales. He was the 2018 recipient of the Institute of Chartered Accountants Outstanding Achievement Award.
Other appointments: Sir Michael is chairman of CQS Management Limited and a partner in CQS (UK) LLP, chairman of GEMS MENASA Holdings Limited, a non-executive director of Arbuthnot Latham Limited, a director of Architekton Limited and chairman of the Regeneration Group Limited.