Oleg Belozerov appointed Chief Executive Officer – Chairman of the Executive Board
of JSC Russian Railways
In accordance with an order of the Government of the Russian Federation issued
on 17 November 2017, Oleg Belozerov was appointed Chief Executive
Officer – Chairman of the Executive Board of Open Joint Stock Company
The appointment is in fact a reappointment and extension of the position of the
head of OJSC Russian Railways in accordance with a plan developed by the Ministry
of Economic Development and was approved by the State Duma of the Russian Federation
in September 2017.
Corresponding amendments to the Charter of OJSC Russian Railways were introduced
by a Decree of the Government of the Russian Federation issued on 15 November 2017.
According to the Decree, the sole executive body of OJSC Russian Railways shall
be referred to as the "Chief Executive Officer – Chairman
of the Executive Board".
The Chief Executive Officer used to serve for three years,
but the term of office has been extended to 5 years.
These amendments to the Charter of OJSC Russian Railways are aimed at bringing
the name of the head of Russian Railways into line with the national traditions of
corporate governance in the sphere of railway transport and with European corporate
The increase in the term of office to 5 years is due to the need to plan and implement
the bulk of the investment contracts, taking into account the deadlines for the project
development and their construction.
The new edition of the Charter introduces the positions of First Deputy Chief
Executive Officers and Deputy Chief Executive Officers,
which will replace the posts of the Company’s First Vice-Presidents, Senior
Vice-Presidents and Vice-Presidents.
OJSC Russian Railways was established on 1 October 2003 in accordance with Resolution
No. 585 of the Government of the Russian Federation "On the Establishment of the Open
Joint Stock Company Russian Railways on 18 September 2003.”
The Government of the Russian Federation owns 100% of the Company's shares.
Oleg Belozerov was appointed President of Russian Railways on 20 August 2015.