CORPORATE GOVERNANCE

Board of Directors

Kjell Carlsson, Chairman

Chairman of the Board and Board member since 2010.

Born: 1951, Swedish citizen.

Education: MSc mechanical engineering.

Work experience: Senior management positions with Sandvik, Atlas Copco and ABB.

Other activities: Board member, Appalto AB; Board member, Kopy Development AB; Board member, AB Krasny Gold Fields; Board member, Bruzaholms Bruk AB.  

Relinquished activities over the last five years: Board member, EuroMaint Rail AB; Partner, Ingenjörsfirma C.J.Carlsson HB.

Shareholding in Kopy Goldfields: 500,000

Warrants: 1,430,000

Tord Cederlund

Board member since 2019.

Born: 1941, Swedish citizen.

Education: M.Sc. Economics, Lund University 

Work experience: Authorized Public Accountant PWC, Exec. chairman, Cederlund & Grandin AB finance company, Exec. Chairman, Bjurfors AB, CEO, Arctic Gold AB, CEO,  Novatelligence AB

Other activities: Board member, CME Engineering AB, Medipal AB, Tarento Group AB, Terra Management Int AB, Uppsala Bostadsproduktion AB, Waya Finance & Technology AB, Ziot Solutions AS, Brf Duvgränd 5, Kritan 1, Morpheus 2.

Relinquished activities over the last five years: Sarsys-Asft AB (publ), Arctic Gold AB (publ), Nordic Mines AB (publ)

Shareholding in Kopy Goldfields: 11,947,390

Warrants: 160,000

Andreas Forsell, Board member

Board member since 2011.

Born: 1971, Swedish citizen.

Education: M.Sc. Economics, MBA

Work experience: CEO Crown Energy AB; CEO, Tomsk Refining AB.

Other activities: Board member, Andreas Forssell AB; Board member, AB Krasny Gold Fields; Board member, Crown Energy Iraq AB; Board member, Amicoh Resources Ltd; Board member, Crown Energy Ventures Corporation; Board member, Simbo Petroleum No.2 Limited; Board Deputy, DIYTI AB.

Relinquished activities over the last five years: Board member Crown Energy AB

Shareholding in Kopy Goldfields: 218,400

Warrants: 730,000

Eric Forss, Board member

Board member since 2020.

Born: 1965, Swedish citizen

Education: B.Sc. degree in Finance from Babson College, Wellesley, Massachusetts USA.

Work experience: Former Chairman of Alliance Oil Company Ltd (former West Siberian Resources Ltd) and AR Oil and Gaz BV, and President of Forcenergy AB. He has also served as a director of and advisor to several public and private Swedish and international companies.

Other activities: Owner and CEO of Forsinvest AB. Chairman of Mediagruppen Stockholm MGS AB, D.O.Y AB, Gangsters Post AB and WindForss Energy AB, board member of Forcenergy AB, Forsinvest AB, S.O.G. Energy AB and Brf Furiren nr 6. Deputy board member of Fogel & Partners i Stockholm AB, Fogel & Partners Analys AB Pebble beach AB.

Relinquished activities over the last five years: Board member of Lirio 3 AB and Matra Petroleum AB. Deputy board member of Misu Consulting AB and MISU Consulting no. 2 AB

Shareholding in Kopy Goldfields: 302,729 shares held via Forsinvest AB

Arsen Idrisov, Board member

Board member since 2020.

Born: 1970, Russian citizen

Education: Graduated with from the Russian Economic Academy named after G. V. Plekhanov.

Work experience: Managing director and Board member of Alliance Oil Company Ltd. Board member and Chairman of OJSC Alliance Oil Company, Vice-president and President of OJSC Alliance Oil Company, CEO of CJSC IC Alliance Capital, adviser to the President of OJSC Sidanko, Marketing director and General Director of Lia Oil S.A., Moscow office

Other activities: Managing director of Alliance Mining Company LLC, Senior Vice-president of Russian Platinum LLC, and Vice-President of OJSC Alliance Group

Relinquished activities over the last five years: –

Shareholding in Kopy Goldfields: Mr Idrisov is one of three shareholders in HC Alliance Mining Group Ltd., holding 587,416,959 shares in Kopy Goldfields

Johan Österling, Board member

Board member since 2011.

Born: 1946, Swedish citizen.

Education: Swedish LLM (Master in Law) and BA (business administration).

Work experience: Lawyer (Member Swedish Bar Association), Partner of Foyen law firm until 2011.

Other activities: Board member, AB Krasny Gold Fields; Board member, Bodaibo Holding Ltd; Board member, Dragon Mining Sverige AB; Board member, AB Surditet; Board member, Human & heart HR AB; Board chairman, Kilimanjaro Gold AB; Board chairman, Penclic AB; Board chairman, JE Österling Förvaltning AB; Board chairman, AB Bröckeln (publ); Board chairman, Beizperr (publ); Board chairman, AB Ility.

Relinquished activities over the last five years: Board chairman, Göthes AB; Nomor AB (publ); Bofors Bruk AB; Hedera Group AB (publ); ByggBag AB; Fahlia AB.

Shareholding in Kopy Goldfields: 910,000

Warrants: 730,000

Management

In Kopy Goldfields’ management team, the skills and knowledge of Russian geologists is combined with an efficient, Swedish organization.

Mikhail Damrin, CEO

CEO since 2009.

Born: 1970, Russian citizen.

Education: MSc mechanical engineering, Moscow Technical University; Bachelor’s degree in mining technology, Tomsk Poly-technical University; Bachelor’s degree in international finance, Russian Academy of Foreign Trade; MBA, Cranfield University, Bachelor’s degree in open pit mining from the Moscow Mining University.

Work experience: Business development and M&A manager of Central Asia Gold; CFO och Commercial Director at West Siberian Resources and Vostok Nafta Investment Ltd; Management position at Vostok Nafta Investment Ltd.

Other activities: Board member, LLC Krasny; Board member, Kopy Development AB

Relinquished activities over the last five years: –

Shareholding in Kopy Goldfields: 301,577

Warrants: 1,875,000

Tim Carlsson, CFO, Vice President

CFO since 2011, Deputy CEO since 2012.

Born: 1979, Swedish citizen.

Education: Master of Business, Linköping University, Sweden. Russian Studies, Herzen University, St. Petersburg, Russia, Economics Studies Eberhard Karls Universität Tübingen, Germany.

Work experience: Authorized Public Accountant, KPMG.

Other activities: Board member, LLC Krasny; Board member, Kopy Development AB

Relinquished activities over the last five years: Board member, Brf Oxen Mindre 22

Shareholding in Kopy Goldfields: 1,090,000

Warrants: 950,000

Alexander Vamboldt, Managing Director OOO Kopylovsky

CEO of the Russian subsidiaries, based in Bodaibo since 2010.

Born: 1957, Russian citizen.

Education: Geologist and degree in Mining engineering, Krasnoyarsk Institute of Non-Ferrous Metals. Master level.

Work experience: Working Board member for GUAM S.a.r.l. in Guinea with responsibility for placer gold prospecting and exploration; director of Minusinsk Exploration Expedition with responsibility for placer gold production at the Beika deposit in the Republic of Khakassia; manager of MAVAX S.a.r.l. in Guinea, with responsibility for bedrock gold exploration planning and development; director of OOO Tardan Gold with responsibility for construction and management of an open pit gold mine and processing plant.

Other activities: Expert at Russian Statutory Committee on Reserves (TKZ) in Krasnoyarsk.

Relinquished activities over the last five years: –

Shareholding in Kopy Goldfields: –

Warrants: 950,000

Dr. Evgeny Bozhko

Chief geologist since 2011, employed at Kopy Goldfields since 2010.

Born: 1968, Russian citizen.

Education: PhD in geological and mineralogical science. Master in Prospecting and Exploration Geology from Voronej State University, Russia.

Work experience: 1990-2000, geologist at various projects in Yakutia, Russia, and lecturer at Voronej State University; 2000-2010, many senior positions as chief geologist for exploration and mining companies operating in Africa.

Other activities: –

Relinquished activities over the last five years: – 

Shareholding in Kopy Goldfields: –

Warrants: 950,000