Annual Meeting 2009 by U.S.-Russia Business Council

The United States and Russia: США и Россия: возобновление Rebuilding Confidence, США и Россия: роста, .U S . восстановлениероста, доверия ResumingBGrowth issuR возобновление a u is ssleicnnuoC восстановление доверия U.S.-Russia Американо-Российский Деловой Совет 1 Business Council

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Ежегодное Заседание 2009 24-25 сентября, 2009 WWW.USRBC.ORG

The United States and Russia: Rebuilding Confidence, Resuming Growth

17th Annual Meeting of the U.S.-Russia Business Council September 24-25, 2009 Marriott Marquis, New York, NY Agenda

THURSDAY, SEPTEMBER 24 – USRBC GALA DINNER – THE NEW YORK PUBLIC LIBRARY 7:00pm Cocktails 8:00-10:00pm Dinner

Gala Dinner Toast Red Cavaney, Senior Vice President, Government Affairs, ConocoPhillips Keynote Address William R. Rhodes, Senior Vice Chairman, Citigroup; Senior Vice Chairman, Citibank FRIDAY, SEPTEMBER 25 – MORNING SESSION______________________________ 7:30am Registration and Continental Breakfast 8:15am

Welcome: Edward S. Verona, President and CEO, U.S.-Russia Business Council

MARQUIS BALLROOM

Opening Remarks: Ambassador John R. Beyrle, U.S. Ambassador to the Russian Federation

9:00am

Opening Keynote: Dennis F. Hightower, Deputy Secretary, U.S. Department of Commerce Introduction: Jay Pryor, Vice President for Business Development, Chevron Corporation

9:30-10:45am Resetting the Relationship (Plenary Session)

MARQUIS BALLROOM

What progress has been made in improving the U.S.-Russia relationship and how have those changes affected commerce between the two countries? What aspects of the relationship need more attention? Where can the business community’s input make the biggest difference? What is the current work program of the Presidential Bilateral Commission and how will it engage with business? Political insiders and industry leaders assess the dynamics of the reset and its concrete impact on bilateral relations. Moderator: Thomas E. Graham, Senior Director, Kissinger Associates Mikhail V. Margelov, Chairman, Committee on Foreign Affairs, RF Federation Council Thomas R. Pickering, Member of the Board, Eurasia Foundation Angela Stent, Director, Center for Eurasian, Russian and East European Studies, Georgetown University Nikolai Zlobin, Director, Russia and Eurasia Project, World Security Institute

10:45-11:00am Coffee Break

FRIDAY, SEPTEMBER 25 – USRBC ANNUAL MEETING – MARRIOTT MARQUIS MORNING SESSION (continued)

Diversifying the Russian Economy (Plenary Session) The crisis has highlighted the risks of having an economy that relies too heavily on commodities for its revenues. What is the Russian government doing to encourage the growth of sectors unrelated to natural resources, and what more needs to be done? How can foreign investment help broaden and deepen this economic diversity, and where can the most promising opportunities be found? Experts review Russia’s promise for economic diversification.

11:00am12:15pm CANTOR/ JOLSON

Moderator: Dorothy Dwoskin, Senior Director, Global Trade Policy and Strategy, Microsoft Corporation

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Bill Farley, Vice President of Business Development, ChemDiv, Inc. Oleg Fomichev, Director, Department of Strategic Management and Budgeting, RF Ministry of Economic Development Sergei Guriev, Morgan Stanley Professor of Economics and Rector, New Economic School Sergey Kravchenko, President, Boeing-Russia/CIS Vladimir Milov, President, Institute for Energy Policy

ANNUAL MEETING LUNCHEON – MARRIOTT MARQUIS BALLROOM_______ 12:30-2:00pm

Luncheon Keynote Address: Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation

Sergey Lavrov has served as Minister of Foreign Affairs of the Russian Federation since 2004. He holds the rank of Ambassador Extraordinary and Plenipotentiary of the Russian Federation. Prior to his current appointment, he was the Permanent Representative of the Russian Federation to the United Nations from 1994 to 2004. Minister Lavrov was Deputy Minister of Foreign Affairs from 1992 until his appointment at the United Nations in 1994. He was Director of the Foreign Ministry’s Department of International Organizations and Global Problems from 1990 to 1992 and Deputy Director of the Department of International Economic Relations from 1988 until 1990. Minister Lavrov is a graduate of the Moscow State Institute of International Relations (MGIMO).

FRIDAY, SEPTEMBER 25 - USRBC ANNUAL MEETING – MARRIOTT MARQUIS AFTERNOON SESSION 2:00-3:30pm

Concurrent Breakout Sessions

MARQUIS BALLROOM

Identifying Opportunities in Russia’s Regions Investment opportunities outside of Moscow and St. Petersburg are many, but they remain largely unexploited. Which regions have the most compelling value propositions and investment-friendly climates? What are the major impediments to successful investment in the regions? What is the Russian government doing to encourage investment in the country’s communications, transportation, power, and other infrastructure? What opportunities are afforded by the 2012 APEC Summit and the 2014 Sochi Olympics? Explore the vast offerings of Russia’s diverse regions with investment insights from a corporate leader and a broad array of government officials. Lead-in Corporate Keynote Address: Mary A. Laschinger, President EMEA, International Paper Moderator: Stephen Kehoe, Vice President, International Public & Government Affairs, PepsiCo, Inc.  Maxim Akimov, Deputy Governor, Kaluga Region  Anatoly G. Aksakov, President, Association of Regional Banks of Russia  Olga Andreeva, General Manager, Krasnodar Krai Regional Development Agency  Vadim Ivanov, Director, Department for International, Foreign Economic and Interregional Relations, Nizhny Novgorod Region

CANTOR/ JOLSON

The Future of Financial Services in Russia Despite some consolidation, lending activity remains low in Russia’s financial sector, and a large number of under-funded banks still exist. Is a “second wave” of the crisis real? What steps must the government take to address the sector’s current shortcomings and to ensure future development and growth? What lessons can be taken from recent failures of the U.S. banking and financial regulatory system? How workable are Russia’s proposals for the reform of the global financial architecture and what role can Russia be expected to play in international financial markets? Experts discuss their expectations for the future of Russia’s financial services sector. Moderator: Sergei Kotov, Managing Director and Head of Eastern Europe, BNY Mellon    

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Jeffrey R. Costello, Chief Executive Officer, JP Morgan Bank International Andrey Gribov, Chairman and Chief Executive Officer, CyberPlat Natalia Orlova, Chief Economist, Alfa Bank Andrew Tiffin, Economist, European Department, International Monetary Fund Maarten van den Belt, General Manager, Russia, VISA International

FRIDAY, SEPTEMBER 25 – USRBC ANNUAL MEETING AFTERNOON SESSION (continued) 3:30-3:45pm

Coffee Break

3:45-4:15pm

Introduction of Incoming U.S.-Russia Business Council Chairman: Klaus Kleinfeld, President and Chief Executive Officer, Alcoa Inc. Introduction by E. Neville Isdell, Former Chairman of the Board, The Coca-Cola Company

4:15-5:45pm

Concluding Concurrent Breakout Sessions

MARQUIS BALLROOM

Coping with the Crisis What are companies — large, small, and across sectors — doing to manage their way through the crisis? How have government initiatives in both the U.S. and Russia helped or hindered these efforts? What can businesses do to make themselves less susceptible to similar downturns in the future? How has the outlook changed for U.S. investment in Russia and Russian investment in the U.S.? Industry executives share their experiences and offer insights regarding commercial strategies in the current market. Lead-in Keynote Address: Vladimir A. Golovnev, First Deputy Chairman, Committee on Economic Policy and Entrepreneurship, RF State Duma Introduction by Alexey Kim, Director, Corporate Affairs, Philip Morris International Moderator: Toby T. Gati, Senior International Advisor, Akin Gump Strauss Hauer & Feld LLP  Piotr Galitzine, Chairman, TMK IPSCO  Evgeny Gontmakher, Member of the Executive Board, Institute of Contemporary Development  David Kamenetzky, Corporate Vice President and Global Head of Corporate Affairs and Regulatory Policy, Mars, Incorporated  Victor Sedov, Executive Director, The U.S. Russia Center for Entrepreneurship

CANTOR/ JOLSON

Developing an Effective Government Relations Practice in Russia How does an organization develop a successful government relations /corporate affairs/ public relations practice in Russia? This insider’s guide to lobbying in Russia offers not only experts with practical advice for neophytes but also an opportunity for seasoned corporate representatives to compare notes on strategies that work to further business goals in Russia. Moderator: Peter B. Necarsulmer, Founder, Chairman and CEO, The PBN Company  Mikhail Golovatov, Founder, Consult TP, Ltd.  Nataly Y. Nikolaeva, Director, Government Affairs, Citi Russia  Viacheslav Tabachnikov, Managing Director, Cassidy & Associates CIS  Pavel Tolstykh, Head, Government Relations Research Center

U.S.‐Russia Business Council Annual Meeting 2009

SPEAKER PROFILES

Maxim Akimov Deputy Governor Kaluga Region Maxim Akimov has been Deputy Governor of Kaluga Region since July 2007 and is responsible for the development and implementation of the regionâ&#x20AC;&#x2122;s economic, financial and investment policies. He has been working in management positions within the government since 1996. Mr. Akimov served as Mayor of the city of Kaluga from 2004 to 2007, after serving briefly as Minister for Economic Development of the Kaluga Region. He was the First Deputy Chairman of the Kaluga Regional Committee on Municipal Housing from 2002 to 2004 and was the Department Director/Kaluga Representative of the Central Federal District office of the Federal Commission on the Securities Market from 1999 to 2002. In 1997, Mr. Akimov served as Deputy Director of the Kaluga Region Department of Economy and Industry. Mr. Akimov graduated from Kaluga State Teachers Training University with a degree in History and Social and Political Science. Anatoly G. Aksakov President Association of Regional Banks of Russia Anatoly G. Aksakov is the President of the Association of Regional Banks of Russia as well as a member of the State Duma Committee on Credit Organizations and Financial Markets. He has been a member of the State Duma since 1999, and previously served as Deputy Chairman of the Committee on Economic Policy and Entrepreneurship. Prior to joining the State Duma, Mr. Aksakov was Minister of Economic Affairs for the Chuvash Republic. He was Deputy Director of the Institute of Economics, Finance and Law from 1994 to 1997, and from 1986 to 1994, he was a lecturer at Chuvash State University. Mr. Aksakov holds graduate and post-graduate degrees in Economics from Moscow State University.

Olga Andreeva General Manager Krasnodar Krai Regional Economic Development Agency Olga Andreeva is the founder and General Manager of the Krasnodar Krai Regional Economic Development Agency, which was recently selected as one of the top 10 most effective agencies in Russia. Prior to founding the agency in 2002, Dr. Andreeva served as Vice Rector of Science at Kuban State University for 10 years. At the same time, she was president of a non-profit organization that fostered and mentored talented young people to train as entrepreneurs. Dr. Andreeva established joint training programs with Jefferson University in Philadelphia and the Russian Ministry of Higher Education and worked closely with Babson College in Boston. Dr. Andreeva participated in two of the largest infrastructure projects to have been completed in her region: the Blue Stream gas pipeline from Russia to Turkey under the Black Sea and the Caspian Pipeline Consortium oil pipeline from Kazakhstan to the Black Sea. Since 2001, she has been a Russian Fellow in the Eisenhower Foundationâ&#x20AC;&#x2122;s Single Nation Program. Dr. Andreeva holds a post-graduate degree in Power and Heating Engineering from Krasnodar Polytechnic Institute and a Ph.D. in Economics from the St. Petersburg University of Economics and Finance. John R. Beyrle U.S. Ambassador to the Russian Federation John R. Beyrle was confirmed as U.S. Ambassador to Russia in June 2008. Previously, he was Ambassador to Bulgaria from 2005 to 2008. A career officer in the Senior Foreign Service with the rank of Minister-Counselor, Ambassador Beyrle has held policy positions and foreign assignments with an emphasis on U.S. relations with Central and Eastern Europe, Russia and the then-USSR since joining the State Department in 1983. Ambassador Beyrleâ&#x20AC;&#x2122;s overseas service has included two previous tours at the U.S. Embassy in Moscow, including as Deputy Chief of Mission. Other overseas assignments included Counselor for Political and Economic Affairs at the U.S. Embassy in the Czech Republic and member of the U.S. Delegation to the Conventional Armed Forces in Europe (CFE) Negotiations in Vienna. His Washington assignments included Acting Special Adviser to the Secretary of State for the Newly Independent States and Director for Russian, Ukrainian and Eurasian Affairs at the National Security Council. Ambassador Beyrle served as a staff officer to Secretaries of State George Shultz and James Baker, and as a Pearson Fellow and foreign policy adviser to the late Senator Paul Simon. Ambassador Beyrle received a B.A. from Grand Valley State University and an M.S. from the National War College, where he later taught as a Visiting Professor of National Security Studies.

Jeffrey R. Costello Chief Executive Officer JP Morgan Bank International Jeffrey R. Costello is the Chief Executive Officer of JP Morgan Bank International, the Russian bank subsidiary of JP Morgan Chase. He joined JP Morgan in 2008. From 1999 to 2005, Mr. Costello was Chief Executive Officer of Brunswick UBS, a Moscow-based investment bank joint venture between UBS and Brunswick Securities. He joined Brunswick UBS in 1998 as General Counsel. Prior to that, Mr. Costello was an attorney with Cleary Gottlieb Steen & Hamilton, practicing in the firmâ&#x20AC;&#x2122;s Moscow and Washington, DC offices. Mr. Costello holds a B.A. from Carleton College, an M.F.A. from Brandeis University and a J.D. from the University of Michigan Law School. Dorothy Dwoskin Senior Director, Global Trade Policy and Strategy Microsoft Corporation Dorothy Dwoskin is Senior Director for Global Trade Policy and Strategy at Microsoft. She is an experienced international trade negotiator and expert in trade policy and is responsible for leading the companyâ&#x20AC;&#x2122;s policy efforts to promote open markets and fair trade in software and services, collaborating with government agencies, Congress, international organizations, and foreign governments. Ms. Dwoskin previously served as the Assistant U.S. Trade Representative for the World Trade Organization (WTO) and Multilateral Affairs at the Office of the U.S. Trade Representative (USTR). She was also the senior career official responsible for the Doha Development Agenda (DDA) negotiations and the Uruguay Round of GATT negotiations. She served as lead U.S negotiator on a variety of trade policy issues in the WTO, APEC and OECD, including the Information Technology Agreement (ITA). She led teams resulting in successful bilateral WTO market access agreements and multilateral accession negotiations with Russia and the Ukraine, and concluded membership negotiations for the accession of Vietnam and Saudi Arabia to the WTO, among others. Ms. Dwoskin graduated from the School of International Service at American University.

Bill Farley Vice President of Business Development ChemDiv, Inc. Bill Farley joined ChemDiv, Inc. in 2000 and has played a significant role in the company's remarkable growth, managing sales and commercial development for the company in North America. He oversees some of ChemDiv's most successful chemistry and drug discovery collaborations, most notably with Schering Plough, Eli Lilly, Merck, Genentech, and Syndexa Pharmaceutical, as well as with many other companies and institutions in the academic sector. With more than 30 years of experience in drug discovery and more than 20 years of experience in business development, Mr. Farley has previously held positions at Johnson & Johnson, Pharmacia and Biacore. He received his BS in Chemistry from the State University of New York at Oswego and currently resides in New York. Oleg Fomichev Director, Department of Strategic Management and Budgeting Ministry of Economic Development of the Russian Federation Oleg Fomichev is the Director of the Department of Strategic Management and Budgeting in the Ministry of Economic Development of the Russian Federation. Prior to this position, he was Advisor to Minister of Economic Development Elvira Nabiullina from January to June 2008. Mr. Fomichev was Director of the Department of Economic Policy and Competitiveness at the Russian Union of Industrialists and Entrepreneurs from 2006 to 2008, and was the Director for Development at the Center for Strategic Research from 2004 to 2006. Mr. Fomichev was Deputy Director of the Department of Economic Development Programs and Cooperation with International Financial Organizations in the Ministry of Economic Development and Trade from 2000 to 2004. Mr. Fomichev holds a B.A. in Management from Nizhniy Novgorod State Technical University and an M.A. in Economics from both the Higher School of Economics and Erasmus University (the Netherlands). Piotr Galitzine Chairman TMK IPSCO Piotr Galitzine is the Chairman of TMK IPSCO and Deputy General Director of the American Division and Business Development at OAO TMK. Prior to his current position, he was General Director of ZAO BASF and Moscow Chief Representative of BASF AG from 2004 to 2008. He has also served as Director General of Galitzine Consulting Ltd. and Chief Representative in Russia and the CIS for Mannesmann AG. Mr. Galitzine has worked with such companies as Federated International Management Ltd., Michelman SNC, Cochlea, Dialight Corp./North American Philips, Avitech Corp., and Hydrotechnic Corp. His area of management expertise covers international technological and trade transfer and a multicultural approach to the challenges of global business. Mr. Galitzine earned his Bachelor of Science degree in Mechanical Engineering from the Massachusetts Institute of Technology.

Toby T. Gati Senior International Advisor Akin Gump Strauss Hauer & Feld LLP Toby T. Gati is Senior International Advisor at Akin Gump Strauss Hauer & Feld LLP, where she focuses on political, economic and trade developments in Russia, the Newly Independent States of the former Soviet Union and Central and Eastern Europe. From 1993 to 1997, Mrs. Gati served as Assistant Secretary of State for Intelligence and Research (INR), where she provided the Secretary of State with essential information on all key foreign policy questions. Prior to that position, she was Special Assistant to the President and Senior Director for Russia, Ukraine and the Eurasian States at the National Security Council. She was responsible for preparations for the April 1993 Vancouver Summit, passage of the first Clinton administration assistance package and the establishment of the U.S.-Russian Joint Commission on Economic and Technical Cooperation. Before joining the government, Mrs. Gati served as Senior Vice President for Policy Studies at the United Nations Association of the United States of America (UNA-USA) in New York City. Mrs. Gati received her B.A. from Pennsylvania State University. She received her M.A. in Russian language and literature, her M.I.A. in international affairs and a Harriman Institute Certificate in Russian studies from Columbia University. Mikhail Golovatov Founder Consult TP, Ltd. Mikhail Golovatov is the founder of Consult TP, Ltd. and is the President of the Union of Independent Assistant Services for Commercial Security. He is a member of the Committee for Security of Entrepreneurial Activity in the Russian Chamber of Commerce and Industry and is the Deputy Chairman of the Consultative Committee of the Federal Security Bureau of Russia, a position that he has held since 1998. Mr. Golovatov formed several private security agencies in the 1990s after having served for 13 years in the elite Alfa anti-terrorist special operations unit â&#x20AC;&#x201D; a unit that he commanded from 1991 to 1992. Mr. Golovatov is a graduate of Aviation College and holds a degree in law from the KGB Academy in Moscow.

Vladimir A. Golovnev First Deputy Chairman, Committee on Economic Policy and Entrepreneurship State Duma of the Russian Federation Vladimir A. Golovnev was elected to the State Duma in 2007 and has served as the First Deputy Chairman of the Committee on Economic Policy and Entrepreneurship since 2008. He is also a co-founder and the President of the Vostok-Service Group of Companies, a leading designer, manufacturer and supplier of special clothing, footwear and tools in the worker-protection market in Russia, the CIS and Eastern Europe. Dr. Golovnev is a co-founder and, since 2003, Co-Chairman of the business association Delovaya Rossiya, where he also heads the Committee on Corporate Social Responsibility. Dr. Golovnev is a member of the Coordination Council of the Entrepreneurs Union, the Russian Chamber of Commerce and Industry and the Russian Union of Industrialists and Entrepreneurs. Dr. Golovnev is a graduate of Moscow Aviation Institute and holds a Ph.D. from Ivanovo State University. Evgeny Gontmakher Member of the Executive Board Institute of Contemporary Development Evgeny Gontmakher is a Member of the Executive Board of the Institute of Contemporary Development (INSOR), a position that he has held since April 2008. He is also the Deputy Director of the Institute of World Economy and International Relations at the Russian Academy of Sciences. Dr. Gontmakher was the Head of the Center for Social Policy at the Russian Academy of Sciences from 2006 to 2009 and was a Principal at the Center for Social Research and Innovation from 2004 to 2006. He was a Vice President of the Russian Union of Industrialists and Entrepreneurs from 2003 to 2004, after having served for one year as a Senior Researcher at the Higher School of Economics. Dr. Gontmakher served in the Yeltsin Administration from 1992 to 1995, including as Deputy Chairman of the Presidential Council on Social Policy. Dr. Gontmakher holds a Diploma in Economic Geography from Moscow State University, a Ph.D. in Economics from the Central Economic Institute of the State Planning Committee (Gosplan) and a Dr.Sc. in Economics from the State University of Commerce.

Thomas E. Graham Senior Director Kissinger Associates Thomas E. Graham joined Kissinger Associates as a Senior Director in 2007. Previously, he was Special Assistant to the President and Senior Director for Russia at the National Security Council from 2004 to 2007, and Director for Russian Affairs at the National Security Council from 2002 to 2004. From 2001 to 2002, he served as the Associate Director of the Policy Planning Staff of the Department of State. From 1998 to 2001, Dr. Graham was a Senior Associate in the Russia/Eurasia program at the Carnegie Endowment for International Peace. During this period, he was a frequent commentator on Russian affairs and U.S.-Russian relations. Dr. Graham served in the Foreign Service from 1984 to 1998, where his assignments included two tours of duty at the U.S. Embassy in Moscow as Head of the Political/Internal unit and Acting Political Counselor. Between tours in Moscow, he worked on Russian and Soviet affairs on the Policy Planning Staff of the Department of State and as a policy assistant in the Office of the Undersecretary of Defense for Policy. Dr. Graham received a B.A. in Russian Studies from Yale University and a Ph.D. in Political Science from Harvard University. Andrey Gribov Chairman and Chief Executive Officer CyberPlat Andrey Gribov is Chairman and CEO of Cyberplat, a pioneer and market leader in integrated, multibank Internet payment systems in Russia. Founded in 1997 by Platina Bank, CyberPlat has more than 230,000 outlets in Russia processing over 1.5 billion transactions annually, with an annual turnover close to $6.5 billion by 2008. Dr. Gribov has also served as Chairman of the Board of Directors of Platina Bank since 2004 and was Chairman of the bank’s Executive Board since the bank’s founding in 1993. In this capacity, he oversees all strategic development issues for both Platina Bank and Cyberplat, including partnerships with Russian and international banks and service providers, international expansion and industry-wide efforts to establish a legislative and regulatory framework for the country’s financial services industry. Prior to 1993, Dr. Gribov was Director of Capital Ltd., a brokerage and finance company that became one of the founders of Platina Bank. Dr. Gribov is a graduate of the Moscow Institute of Electronic Machinery Manufacturing, holds a degree in Law from Moscow State University, a degree in Finance from the Russian Federation Finance Academy, and a Ph.D. in Economics.

Sergei Guriev Morgan Stanley Professor of Economics and Rector New Economic School Sergei Guriev is the Morgan Stanley Professor of Economics and Rector of the New Economic School (NES) and is President of the Center for Economic and Financial Research (CEFIR) at NES. He is also a regular columnist for Forbes Russia and Vedomosti, the leading Russian business daily. Dr. Guriev has been a Research Affiliate at the Center for Economic Policy Research in London since 1999. In 2003-2004, he taught in the Department of Economics at Princeton University as a Visiting Assistant Professor and in 1997-98 visited the Department of Economics at the Massachusetts Institute of Technology for a one-year post-doctoral placement. Dr. Guriev’s research interests include contract theory, corporate governance and labor mobility. He teaches graduate courses in microeconomic theory, contract theory and the economics of strategy. Dr. Guriev received his Dr.Sc. in Economics and Ph.D. in Applied Mathematics from the Russian Academy of Sciences and an M.Sc. in Technology from the Moscow Institute of Physics. E. Neville Isdell Former Chairman of the Board The Coca-Cola Company Neville Isdell served as Chairman of the Board of Directors of The Coca-Cola Company from 2004 to 2009 and was Chief Executive Officer of the company from 2004 until 2008. Mr. Isdell was also the Chairman of the U.S.-Russia Business Council from 2004 to 2009. Mr. Isdell joined The Coca-Cola Company in 1966 with the local bottling company in Zambia. In 1972, he became General Manager of Coca-Cola Bottling of Johannesburg, the largest CocaCola bottler in Africa. Mr. Isdell was named Region Manager for Australia in 1980, and in 1981 he became President of the bottling joint venture between The Coca-Cola Company and San Miguel Corporation in the Philippines. Mr. Isdell moved to Germany as President of the company’s Central European Division in 1985. In 1989, he was elected Senior Vice President of the company and appointed President of the Northeast Europe/Africa Group (renamed the Northeast Europe/Middle East Group in 1992) and led the company’s entry into new markets in India, the Middle East, Eastern Europe, and the former Soviet Union. In 1995, he was named President of the Greater Europe Group.

From July 1998 to September 2000, Mr. Isdell served as Chairman and CEO of Coca-Cola Beverages Plc in Great Britain, where he oversaw that companyâ&#x20AC;&#x2122;s merger with Hellenic Bottling. He retired as Vice Chairman of Coca-Cola HBC in December 2001. From January 2002 to May 2004, Mr. Isdell was an international consultant to The Coca-Cola Company and headed his own investment company in Barbados. Mr. Isdell received a B.A. in Social Sciences from the University of Cape Town, and is a graduate of the Harvard Business School Program for Management Development. Vadim Ivanov Director, Department for International, Foreign Economic and Interregional Relations Nizhny Novgorod Region Vadim Ivanov was appointed Director of the Department for International, Foreign Economic and Interregional Relations of the Nizhny Novgorod Region in June 2009. He has considerable experience building international economic cooperation and has developed and advised on a number of international investment projects. Since 1989, Mr. Ivanov has participated in various commercial projects and worked at charitable and investment funds and in consulting. Mr. Ivanov is a graduate of Bauman Moscow State Technical University and holds a degree in Economics from Moscow State University. David A. Kamenetzky Corporate Vice President and Global Head of Corporate Affairs and Regulatory Policy Mars, Incorporated David Kamenetzky serves as Corporate Vice President and Global Head of Corporate Affairs and Regulatory Policy at Mars, Incorporated. He is responsible for corporate communications, government affairs and regulatory policy, and reports directly to the CEO. Previously, he served as Head of Corporate and Regulatory Affairs for Mars in Europe and the CIS and was one of nine members of the management board for Western Europe. Before joining Mars in 2006, Mr. Kamenetzky worked for Goldman Sachs, where he advised clients on transaction and restructuring-related corporate, financial and governmental issues. He established and managed Goldmanâ&#x20AC;&#x2122;s key senior government contacts in Germany, Switzerland and Austria, as well as handled the corporate communications for that region.

Prior to joining Goldman Sachs in 2000, Mr. Kamenetzky worked as a Fellow for Legislative Affairs on the foreign policy team of then-U.S. Senator Chuck Hagel, covering European affairs. From 1994 to 1998, he served as Executive Assistant to the late Ignatz Bubis, President of the Central Council of the Jews in Germany and the European Jewish Congress. Mr. Kamenetzky served as elected chair of the European Union of Jewish Students from 1992 to 1994. Mr. Kamenetzky holds a graduate degree in Business Administration from the University of St. Gallen (Switzerland) and a Master of Science in Foreign Service from the Georgetown University School of Foreign Service. Stephen Kehoe Vice President for International Public & Government Affairs PepsiCo, Inc. Stephen Kehoe is Vice President for International Public & Government Affairs at PepsiCo, Inc., based in Purchase, New York. His responsibilities cover all European markets, Russia and China for PepsiCo. In addition, he has responsibility for managing the company’s response to the international health and nutrition policy debate. In this context, he is Chairman of the International Food and Beverage Alliance (ICBA) based in Geneva. Mr. Kehoe is a regular visitor to Russia, where he oversees PepsiCo’s Corporate Affairs Department. Mr. Kehoe joined PepsiCo in 2003 from a background of public affairs and public relations consulting in Brussels, Washington, DC, and London. Mr. Kehoe was educated at the University of Bradford (UK) and the University of Strasbourg (France), where he earned a B.A. in European Studies. Alexey Kim Director of Corporate Affairs Philip Morris International Alexey Kim was appointed Director of Corporate Affairs at Philip Morris International’s (PMI) affiliates in Russia in April 2008. In his current capacity, Mr. Kim is in charge of government relations, stakeholder relations and communications for PMI’s affiliates in Russia, represented by two state-of-the art manufacturing facilities in the Leningrad Region and Krasnodar, and Philip Morris Sales and Marketing with offices in approximately 100 Russian cities. Mr. Kim joined Philip Morris International in 2003 as Manager of Public Affairs for the company’s affiliates in Russia. Since then, he has held several positions in Russia, Kazakhstan and PMI’s Operations Center in Lausanne, Switzerland. Before joining PMI, Mr. Kim served as the Executive Director of the St. Petersburg branch of the American Chamber of Commerce in Russia.

Klaus Kleinfeld President and Chief Executive Officer Alcoa Inc. Dr. Klaus Kleinfeld is President and Chief Executive Officer of Alcoa Inc., a position he has held since May 2008. Prior to this post he was President and Chief Operating Officer of Alcoa from 2007 to 2008. Before joining Alcoa, Dr. Kleinfeld was the President and Chief Executive Officer of Siemens AG, a global electronics and industrial conglomerate, from January 2005 to June 2007. He served as Deputy Chairman of the Managing Board and Executive Vice President of Siemens AG from 2004 to 2005 and was President and Chief Executive Officer of Siemens Corporation, the U.S. arm of Siemens AG, from 2002 to 2004. Dr. Kleinfeld served as Chief Operating Officer of Siemens Corporation from January to December 2001. Prior to his U.S. assignment, Dr. Kleinfeld was Executive Vice President and a member of the Executive Board of the Siemens AG Medical Engineering Group in Germany from January to December 2000. Sergei Kotov Managing Director and Head of Eastern Europe BNY Mellon Sergei Kotov is Managing Director and Head of Eastern Europe within BNY Mellonâ&#x20AC;&#x2122;s Global Client Management organization. In this role, he coordinates the companyâ&#x20AC;&#x2122;s overall business strategy in the region, including sales across various business lines, credit and reputational risk and relationships with regulatory authorities. Prior to joining BNY Mellon in 1995, Mr. Kotov worked with consulting and private equity companies active in the former Soviet Union. Mr. Kotov holds a B.A. in History and Political Science from St. Petersburg State University and an M.B.A. from Georgetown University.

Sergey Kravchenko President Boeing-Russia/CIS Sergey Kravchenko was named Vice President of Boeing International and President of BoeingRussia/CIS in August 2002. He is responsible for leading all Boeing business activities in Russia, Ukraine, Kazakhstan, Uzbekistan, and other countries within the Commonwealth of Independent States (CIS) and directing a country team comprised of business unit leaders from each sector of the company. Prior to this appointment, Dr. Kravchenko was the Boeing Commercial Airplanes (BCA) Vice President of Cooperative Programs and Business Development for Russia/CIS. In this role, he coordinated and directed BCA strategy development, industry participation, technology design, commercial aviation services and new business development programs. Dr. Kravchenko also served as the director of international engineering cooperation programs in Russia. He managed the Boeing Technology and Design Centers in Moscow, which now consist of more than 750 engineers and scientists working for Boeing at seven different sites in the Russian Federation. Before he joined Boeing in 1992, Dr. Kravchenko worked as a professor and as the Lead Scientist of the Russian Academy of Sciences. He also taught in Moscow and worked as a research consultant in Europe, the United States and Asia. Dr. Kravchenko holds two Ph.D.s in distinct areas of Applied Mechanics and Mechanical Engineering. Mary A. Laschinger President EMEA International Paper Mary Laschinger is a Senior Vice President of International Paper and President EMEA of International Paper. She has leadership responsibility for International Paperâ&#x20AC;&#x2122;s pulp, paper and packaging businesses in Europe, Russia and North Africa. Ms. Laschinger joined International Paper in 1993 and has held several senior-level management positions since that time, including Vice President of the Wood Products business, Vice President of Pulp and General Manager of Industrial Papers. She is the lead director for International Paper on the Board of Directors of the recently formed joint venture in Russia with Ilim Holding S.A. and is a member of the Board of Directors for the Confederation of European Paper Industries. Prior to joining International Paper, Ms. Laschinger was with Kimberly-Clark and the former James River Paper Company in various senior management roles. Ms. Laschinger holds a B.A. in Business from the University of Wisconsin and an M.B.A. from the University of Connecticut.

Sergey Lavrov Minister of Foreign Affairs of the Russian Federation Sergey Lavrov is Minister of Foreign Affairs of the Russian Federation, a position he has held since 2004. He holds the rank of Ambassador Extraordinary and Plenipotentiary of the Russian Federation. Prior to his current appointment, he was the Permanent Representative of the Russian Federation to the United Nations from 1994 to 2004. Minister Lavrov was Deputy Minister of Foreign Affairs from 1992 until his appointment at the United Nations in 1994. He was Director of the Foreign Ministry’s Department of International Organizations and Global Problems from 1990 to 1992 and Deputy Director of the Department of International Economic Relations from 1988 until 1990. Minister Lavrov is a graduate of the Moscow State Institute of International Relations (MGIMO). Mikhail V. Margelov Chairman, Committee on Foreign Affairs Federation Council of the Russian Federation Mikhail Margelov is Chairman of the Committee on Foreign Affairs of the Federation Council of the Russian Federation. He was re-elected to the Federation Council to represent Pskov in December 2004. Prior to his service in the Federation Council, Mr. Margelov served as a consultant to President Vladimir Putin’s electoral headquarters in 2000 and was Director of the Russian Information Center (Rosinformcentr) from its creation in October 1999 until 2000. From May 1998 to September 1999, he was a Manager at RIA-Novosti. Mr. Margelov was Head of the Public Relations Department of the Presidential Administration from 1996 to 1999, after having served as Chief Coordinator for Advertising during President Boris Yeltsin’s 1996 re-election campaign. In 1995, Mr. Margelov was a Project Director at Video International Group, overseeing the publicity campaigns of Grigory Yavlinsky and the Yabloko party. Mr. Margelov is a graduate of the Institute of Asian and African Countries, which is affiliated with Moscow State University.

Vladimir Milov President Institute for Energy Policy Vladimir Milov is the President of the Institute for Energy Policy, an independent Russian energy policy think tank. Prior to joining the Institute in 2002, he was Deputy Minister of Energy of the Russian Federation. Mr. Milov joined the Ministry of Energy in 2001 as an advisor to the Minister of Energy and headed an expert team within the Moscow-based Center for Strategic Research (CSR), a government-linked economic think tank that was responsible for the development of strategic economic programs under the Mikhail Kasyanov government. At CSR, Mr. Milov was responsible for the design of Russian power sector reform legislation, which was adopted in 2003. From 1999 to 2001, he headed the Economic Analysis Department of the Federal Energy Commission of Russia, which he joined in 1997. Mr. Milov is a co-author of Russian state gas, electricity and railway sector reform programs, Russian energy and transport strategies and subsoil regulatory legislation. Mr. Milov is a regular columnist for the daily Russian business newspaper Vedomosti and the on-line publication Gazeta.ru. Mr. Milov graduated from Moscow Mining University with a degree in electromechanics. Peter B. Necarsulmer Founder, Chairman and Chief Executive Officer The PBN Company Peter B. Necarsulmer is founder, Chairman and Chief Executive Officer of The PBN Company, a leading international strategic communications, reputation management and government relations consultancy serving clients from offices in Washington D.C., London, Moscow, Kyiv, and Almaty. For the past 15 years, Mr. Necarsulmer has been based in The PBN Companyâ&#x20AC;&#x2122;s Moscow office, traveling frequently to the firmâ&#x20AC;&#x2122;s other offices in the CIS, Europe and the United States. He advises at the board and CEO level for a broad range of Fortune 100 and leading Russian companies in the energy, metals, consumer goods, health care, telecommunications, transportation, banking, and financial sectors. He has provided strategic counsel to governmental organizations ranging from the Russian Federal Service for Financial Markets to the European Commissionâ&#x20AC;&#x2122;s Technical Aid to Commonwealth of Independent States (TACIS) and the U.S. Department of the Treasury. Mr. Necarsulmer holds a B.A. degree from Stanford University.

Nataly Y. Nikolaeva Director of Government Affairs Citi Russia Nataly Nikolaeva is the Director of Government Affairs at Citi Russia, a position that she has held since February 2007. She was the Head of Regulatory Relations for Citibank Russia starting from 2000 to 2007, where she was responsible for establishing the bank’s policies concerning regulators and overseeing their strategic and tactical implementation. Ms. Nikolaeva was also the company’s Acting Public Affairs Officer for the CIS from 2004 to 2007. In this capacity, she acted as the main spokesperson for Citigroup in Russia, coordinated media requests and comments, internal communication and the charity/social activities of the bank, managed the Citigroup Foundation budget in Russia and had oversight of the bank’s overall CIS public relations activities. She joined Citibank in 1993 and established and headed the Credit Administration and Documentation Units from 1993 to 1997. Ms. Nikolaeva holds a degree in Economics from Moscow State University. Natalia Orlova Chief Economist Alfa Bank Natalia Orlova is the Chief Economist at Alfa Bank, Russia’s largest private bank. She joined Alfa Bank in February 1998 and was appointed Chief Economist in October 2001. Ms. Orlova covers macroeconomics as well as the banking sector, is the editor-in-chief of the Alfa Bank Bulletin and frequently participates in research round tables and economic conferences. Before joining Alfa Bank, Ms. Orlova was an analyst at the Russian Opportunity Fund, a French hedge fund targeting Russian and Ukrainian securities. Ms. Orlova is a graduate of Moscow State University with a degree in Mathematics and France’s Clermont-Ferrand University with a diploma in Macroeconomics. Thomas R. Pickering Member of the Board Eurasia Foundation Thomas R. Pickering is a member of the Board of Directors of the Eurasia Foundation and is Vice Chairman at Hills and Company, which provides advice and counsel to a number of major U.S. enterprises. Ambassador Pickering retired as Senior Vice President for International Relations and a member of the Executive Council of The Boeing Company on July 1, 2006, after serving in that position for more than five years. He joined Boeing upon his retirement as U.S. Under Secretary of State for Political Affairs in 2000, where he had served since 1997.

Ambassador Pickering holds the personal rank of Career Ambassador, the highest in the U.S. Foreign Service. In a diplomatic career spanning five decades, he was U.S. ambassador to the Russian Federation, India, Israel, El Salvador, Nigeria, and the Hashemite Kingdom of Jordan. From 1989 to 1992, he was Ambassador and Representative to the United Nations in New York and served as Executive Secretary of the Department of State and Special Assistant to Secretaries William P. Rogers and Henry A. Kissinger from 1973 to 1974. Ambassador Pickering holds a B.A. in History from Bowdoin College, an M.A. from the Fletcher School of Law and Diplomacy at Tufts University and an M.A. from the University of Melbourne in Australia.

Victor Sedov Executive Director The U.S. Russia Center for Entrepreneurship Victor Sedov has been the Executive Director of the U.S. Russia Center for Entrepreneurship (CFE) since its inception in 2002 and is a member of CFEâ&#x20AC;&#x2122;s Board of Directors. CFE is a catalyst organization advancing the role and scope of entrepreneurship in Russia through a combination of education and network learning activities that target the needs of entrepreneurs. Mr. Sedov is Director Emeritus of the U.S. Russia Investment Fund, the largest of the twelve Enterprise Funds created by the U.S. government to promote private enterprise and provide assistance to transitional economies. He was a member of the fundâ&#x20AC;&#x2122;s Board of Directors from 1999 to 2002. He also serves on the Board of Trustees of the Russian Microfinance Center, a USAID-funded initiative, and has judged the Ernst & Young Entrepreneur of the Year awards for the last five years. Mr. Sedov is co-founder of Victoria Enterprises, a consulting firm facilitating U.S.-Russia business relations and has been the President of Enterprise Russia, an education organization dedicated to the promotion of entrepreneurship and free enterprise in Russia, since 1992.

Angela Stent Director, Center for Eurasian, Russian and East European Studies Georgetown University Angela Stent is Director of the Center for Eurasian, Russian and East European Studies and Professor of Government and Foreign Service at Georgetown University. She is also a Senior Fellow (non-resident) at the Brookings Institution and co-chairs its Hewett Forum on Post-Soviet Affairs. In the fall of 2008, she was a Fulbright scholar at the Moscow State Institute of International Relations (MGIMO) and a Berlin Prize Fellow at the American Academy in Berlin. From 2004-2006, Dr. Stent served as National Intelligence Officer for Russia and Eurasia at the National Intelligence Council. From 1999 to 2001, she served in the Office of Policy Planning at the U.S. Department of State. Dr. Stent is Vice Chair of the World Economic Forum’s Global Agenda Council on the Future of Russia and is a member of the EUCOM Advisory Panel. She has been a consultant to the U.S. Congress’ Office of Technology Assessment and is a member of the Council on Foreign Relations. Dr. Stent received her B.A. from Cambridge University, her M.Sc. from the London School of Economics and Political Science and her M.A. and Ph.D. degrees from Harvard University. Viacheslav Tabachnikov Managing Director Cassidy & Associates CIS Viacheslav Tabachnikov is Managing Director of Cassidy & Associates CIS, representing more than two dozen clients in the financial, medical, information technology, and mining sectors, including Russian blue chip companies. His focus is on influencing Russian public policy and obtaining regulatory changes through strategic planning, marketing and communications, policy and legislative analysis, and facilitation of meetings with stakeholders, including the Russian Presidential Administration and various authorized representatives of the President. Prior to joining Cassidy & Associates CIS, Mr. Tabachnikov was a senior expert and executive at various Russian banks, including Russia’s largest state-owned bank. During his banking career, he oversaw and managed privatization and investment transactions with both domestic and foreign financial institutions. He also handled all media and communications campaigns, interfacing with government leaders to develop legislative strategies to help clients during crises. Mr. Tabachnikov holds a Masters degree in International Economics from the Moscow State Institute of International Relations (MGIMO).

Andrew Tiffin Economist, European Department International Monetary Fund Andrew Tiffin is an Economist in the European Department of the International Monetary Fund. For the past six years, Mr. Tiffin has focused primarily on Eastern European economies, covering issues ranging from energy sector developments in Ukraine to macroprudential policies in Romania to the risks of financial crises in southeastern Europe. Mr. Tiffin joined the Fund’s Russia team two years ago and concentrates principally on monetary-policy/exchange-rate matters, together with financial stability issues. In addition to his work with the Fund, Mr. Tiffin has held positions at the United Nations, the Reserve Bank of Australia and with the Australian Government. Mr. Tiffin received his post-graduate training at Princeton University, where he received degrees in both Economics and International Relations. Pavel A. Tolstykh Head Government Relations Research Center Pavel Tolstykh, a leading Russian specialist in government relations, is the Head of the Government Relations Research Center (GR Center). He specializes in new legislation, antitrust regulations, budget planning, taxation and related disputes, and anti-crisis solutions. Dr. Tolstykh oversees the strategic development of the GR Center, coordinates the activities of the Center’s Partners, supervises all significant research work, and provides consulting to the GR Center’s key clients. Dr. Tolstykh is a frequent lecturer on modern lobbying techniques at the Higher School of Economics, the Academy of State Service and Moscow State University. He also conducts master classes on effective government relations practices for top corporate managers and industrial associations. In 2006, Dr. Tolstykh launched www.lobbying.ru, Russia’s first professional web portal devoted to lobbying and government relations. Dr. Tolstykh holds a Ph.D. in Applied Political Science and a degree in State Law from the Presidential Academy of State Service.

Maarten van den Belt General Manager, Russia VISA International Maarten van den Belt was appointed VISA International’s General Manager for Russia in March 2008. Mr. van den Belt is an international banker with extensive Russian and East European experience and a record that includes running successful businesses in a changing environment. As General Manager for Russia, Mr. van den Belt is responsible for developing and implementing the company’s strategy for Russia. He oversees the management of relationships with VISA’s partners, including card issuers, merchants, merchant acquirers, third-party processors, and government. Prior to his time at VISA, Mr. van den Belt was Chairman of the Board and Managing Director of “Origination Russia” at Bank WestLB Vostok in Moscow, and spent seven years with Raiffeisen Bank, three years as Deputy General Manager in Moscow and four as General Manager in London. Mr. van den Belt managed the Moscow operation of Raiffeisen Bank through the 1998 Russian banking crisis, successfully making the case for maintaining a presence when others withdrew. Before joining Raiffeisen, Mr. van den Belt spent 11 years with ING Bank, based in Amsterdam, Tokyo and then Moscow for 4 years. Mr. van den Belt received his law degree from Rijksuniversiteit Utrecht in The Netherlands. Edward S. Verona President and Chief Executive Officer U.S.-Russia Business Council Ed Verona was appointed President and CEO of the U.S.-Russia Business Council on June 1, 2008. Prior to that position, he was Vice President of ExxonMobil Russia, Inc., based in Moscow. Mr. Verona began his professional career in 1980 as a Special Representative for mining and petroleum equipment manufacturer Ingersoll-Rand, based in La Paz, Bolivia (1981-84), Quito, Ecuador (1984-85) and Miami, Florida (1985-86). He joined Shell Oil Company in 1987 in the Group Services Division in New York City. He was appointed to the U.S. Foreign Service in 1989 and assigned as an Economic Officer to the U.S. embassies in Mexico City (1989-91), Brasilia (1991-93) and Moscow (1994-96).

In 1996, Mr. Verona left the Foreign Service to become Executive Director of the Moscow-based Petroleum Advisory Forum (PAF), an industry association representing international oil and gas companies in Russia. In 1998, he was named Russia Country Manager for Texaco, Inc., based in Moscow. Mr. Verona was transferred to Almaty, Kazakhstan, in 1999 as Texaco’s Country Manager, where he also served as Chairman of the Kazakhstan Petroleum Association (KPA) in 1999-2000. Subsequently, he was assigned to Texaco’s Washington, D.C. office as International Government Relations Advisor. Following Texaco’s merger with Chevron, he served as Vice President for Government and Public Affairs for ChevronTexaco’s upstream operations in Latin America, based in Caracas, Venezuela, from 2001 to 2003. Mr. Verona served as Chief Representative in Moscow of the Canadian Barrick Gold Corporation from 2004 to 2006. Mr. Verona received a B.A. in Political Science from the University of Arizona and a Masters of International Management (MIM) from the American Graduate School of Global Management (Thunderbird). Nikolai Zlobin Director, Russia and Eurasia Project World Security Institute Nikolai Zlobin is Director of the Russia and Eurasia Project at the World Security Institute. He is a member of the RIA Novosti Expert Council and a leading expert on international security, terrorism and U.S.-Russia relations. He writes a regular column for the Russian daily newspapers Vedomosti and Rossiyskaya Gazeta, and has been a contributor to many international publications. Dr. Zlobin is a co-founder and Executive Editor of Demokratizatsiya, an interdisciplinary quarterly journal devoted to changes in the former Soviet Union and post-Soviet states. He is also a member of the editorial boards of Kontinent, Svobodnaya Mysl and Obshchaya Tetrad magazines. Dr. Zlobin holds a B.A. in History, an M.A. in Political Science and a Ph.D. from Moscow State University.

U.S.‐Russia Business Council Annual Meeting 2009

SPONSOR PROFILES

Access Industries is a privately-held, U.S.-based industrial group with strategic holdings worldwide. Incorporated in 1986, the company’s industrial focus is in three primary sectors: natural resources and chemicals, media and telecommunications, and real estate. Access’ founder and Chairman, Mr. Len Blavatnik, was raised in Russia, emigrated to the United States with his family in 1978 and became a U.S. citizen in 1981. He received his Master’s degree from Columbia University and his M.B.A. from Harvard Business School. Mr. Blavatnik is a director of numerous companies in the Access portfolio, including LyondellBasell Industries, TNK-BP and UC RUSAL. Access has offices in New York, London and Moscow.

Philip Morris International (PMI), one of the world’s leading international tobacco companies, has three affiliates in Russia: OAO Philip Morris Kuban (PM Kuban) in Krasnodar, ZAO Philip Morris Izhora (PM Izhora) in the Leningrad region, and OOO Philip Morris Sales and Marketing (PMSM) with offices in approximately 100 cities. To date, PMI’s overall investments in Russia amount to over $900 million. The two manufacturing facilities in Russia have an annual production capacity of up to 100 billion cigarettes and export their products to countries in Eastern and Central Europe and Southeast Asia. All Philip Morris International cigarette brands sold in Russia today are manufactured locally at the PM Izhora and PM Kuban facilities, while PMSM is focused on the sales and marketing of 10 cigarette brand families, namely Apollo Soyuz, Bond Street, Chesterfield, L&M, Marlboro, Muratti, Next, Optima, Parliament, and Virginia Slims. Russia is one of the most important markets for PMI. The company’s strong brand performance has allowed it to occupy one of the leading positions in the market for the past decade. This success reflects the efforts of more than 3,400 highly trained professionals working across Russia to manufacture, market and sell the company’s high quality products.

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation, and industrial markets, bringing design, engineering, production and other capabilities of Alcoaâ&#x20AC;&#x2122;s businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions and forgings, Alcoa also markets AlcoaÂŽ wheels, fastening systems, precision and investment castings, and building systems. The company was named one of the most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland, and has been a member of the Dow Jones Sustainability Index for eight consecutive years. Alcoa employs approximately 63,000 people in 31 countries. Alcoa entered the Russian market in 1993 when it opened a facility in Lyubachany, and acquired two major manufacturing facilities in 2005 in Samara and Belaya Kalitva. By combining this local presence with its global resources, Alcoa provides customers with leading-edge technology, expertise and integrated solutions for a wide range of products.

Chevron Corporation is a leading global company with expertise across all sectors of the energy industry and a record of building strong partnerships in the 180 countries in which it does business. Chevron takes pride in producing safe, reliable, and affordable energy that meets the highest standards of social, economic and environmental responsibility. The company has worked in the Russian energy sector for more than a decade and looks forward to developing future opportunities that coincide with Russian goals of increasing energy production, enhancing international capabilities and improving market access.

Chevron’s existing projects in Russia include a 15 percent share in the Caspian Pipeline Consortium that operates the world-class Tengiz-Novorossiysk Pipeline. Additionally, Chevron is Russia’s third largest Western importer and distributor of lubricant products. Its Oronite subsidiary supplies Russia with fuel and lubricant additives through partnerships with several Russian companies, including LUKoil, Sibneft, TNK, and Slavneft. Chevron also coordinates with Russia on the marketing and transportation of regional energy exports. The company is an active partner in licensing leading refining technologies to Russian companies, and it is engaged in joint research projects with several leading Russian scientific institutions. Chevron is also an active community partner in Russia, where it has contributed to numerous local charities.

The Coca-Cola Company is the world’s largest beverage company, refreshing consumers with nearly 500 sparkling and still brands. Along with Coca-Cola — recognized as the world’s most valuable brand — the company’s portfolio includes 12 other billion dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, POWERADE, Minute Maid, and Georgia Coffee. Globally, the company is the No. 1 provider of sparkling beverages, juices and juice drinks and ready-to-drink teas and coffees. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of nearly 1.6 billion servings a day.

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil and natural gas proved reserves and production and the second-largest refiner. Worldwide, ConocoPhillips is the sixth-largest proved reserves holder and the fourth-largest refiner among nongovernmentcontrolled companies. The company is known worldwide for its technological expertise in exploration and production, reservoir management and exploitation, 3-D seismic technology, high-grade petroleum coke, its E-Gas™ coal gasification process and its Optimized Cascade process to produce liquefied natural gas. Headquartered in Houston, Texas, ConocoPhillips operates in more than 30 countries. The company had approximately 30,000 employees worldwide and assets of $150 billion as of June 30, 2009. The company’s four core activities worldwide include petroleum exploration and production; petroleum refining, marketing, supply, and transportation; natural gas gathering, processing and marketing; and chemicals and plastics production and distribution through a 50 percent interest in Chevron Phillips Chemical Company LLC.

PepsiCo’s more than 198,000 employees worldwide are committed to achieving business and financial success while leaving a positive imprint on society — delivering what the company calls “Performance with Purpose.” Three elements comprise PepsiCo’s Purpose agenda: Human Sustainability — nourishing consumers with a range of fun and healthy products and making the healthful choice an easier one; Environmental Sustainability — protecting the planet’s natural resources and minimizing the company’s environmental impact; and Talent Sustainability — cherishing its employees and making sure PepsiCo is an attractive destination for the world’s best people. An example of “Performance with Purpose” is the company’s portfolio transformation — offering consumers healthier choices. This transformation is equally about top-line growth (performance) as well as human sustainability (purpose). These priorities reflect the many challenges that PepsiCo is facing: rising obesity rates and the need for more physical activity; nutritional deficiencies in vulnerable populations in developing and developed countries; water quality and scarcity, climate change, increasing amounts of waste and the need for more recycling; and hiring and retaining the smartest people amidst a shrinking workforce.

Attorneys at Law

With more than 800 lawyers in 13 offices, Akin Gump Strauss Hauer & Feld LLP is one of the world’s largest law firms. A frequent recipient of industry recognition for its strength in litigation and high-stakes appellate work, its leadership in groundbreaking transactions and its depth in public policy, Akin Gump provides a comprehensive suite of services for global companies and local individuals. Through its global network of offices, the firm advises leading enterprises in a wide variety of industries, including communications and technology, mining, minerals and energy, and consumer goods and services on matters involving policy, trade, dispute resolution, transactions, and project development activities in both mature and emerging markets. Akin Gump is ideally situated to interpret regulations, structure international transactions and anticipate and react to change. It is the firm’s understanding of the intangible qualities in economic and political infrastructures, combined with first-hand government experience at the highest levels around the globe, that helps its clients access the global marketplace and compete around the world.

BP is one of the world’s largest energy companies, providing its customers with fuel for transportation and energy for heat and light. BP employs approximately 97,000 people worldwide and more than 33,000 in the United States. The company’s family of brands includes Amoco, Aral, ARCO, BP, and Castrol. BP is also among the world’s most progressive large enterprises. The company is widely known as the first major energy company to acknowledge the need for precautionary action to reduce greenhouse gas emissions. Today, BP continues to lead the effort to meet the world’s growing demand for sustainable, environmentally responsible energy. BP is the leading producer of oil and natural gas in the United States, and the largest investor in U.S. energy development. Since 2001, BP has invested $30 billion in the United States, including major investments to increase existing energy sources, extend energy supplies and develop new low-carbon technologies. BP also holds the largest alternative energy portfolio in the U.S. BP is the largest foreign investor in Russia, with several oil and gas businesses. The company’s largest investment to date is the joint venture TNK-BP, which is Russia’s third-largest oil company. BP collaborates with Rosneft in exploration activities on Sakhalin Island and on scientific studies in the Arctic. Through its LukArco JV, BP is also an owner in the Caspian Pipeline Consortium (CPC). The company is committed to long-term growth in Russia that benefits the Russian people and enhances world energy security.

John Deere is the world’s leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping, and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment, and innovation around the globe.

ExxonMobil brings to Russia worldwide experience in energy development as well as extensive financial, technical, environmental, and management expertise. The company’s affiliates have been active in Russia since the late 1980s. The Sakhalin-1 project, operated by ExxonMobil subsidiary Exxon Neftegas Limited, is one of the largest foreign direct investment projects in Russia and brings significant economic and social benefits to the country. ExxonMobil also has an interest in the Caspian Pipeline Company, and sells lubricants, petrochemicals and technology licenses in Russia.

Renova Group is a leading Russian business group that holds and manages participations in the mining, metallurgy, oil, mechanical engineering, chemical, energy, real estate development, utilities, telecommunications, nanotechnology, and financial sectors in Russia, the CIS, Switzerland, Italy, South Africa, and the United States. The group’s key investments include stakes in the Russian-British oil joint-venture TNK-BP, UC RUSAL (one of the world’s largest aluminum companies) and Russian utility company IES, as well as the Swiss high-tech and industrial companies OC Oerlikon and Sulzer. Renova Group is represented in the international investment market through the U.S.-based asset management and investment company Columbus Nova.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-networth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services, and treasury services through a worldwide clientfocused team. The company has been active in the Russian market for many years. It is a leading provider of depository receipts issued by Russia’s top companies and services the largest Russian financial institutions.

The Boeing Company has had a partnership with Russia since the era of the former Soviet Union. In the 1970s, Boeing was a part of the historic U.S.–Soviet space mission, Apollo-Soyuz, when spacecraft from both countries docked in orbit. Since 1992, Boeing has worked closely with the Russian aerospace and IT industries, as well as with airlines in Russia. The company also works with leading Russian and Ukrainian aerospace companies on space programs. From 1991 to 2009, Boeing’s investment in Russia/CIS exceeded $5 billion. Over the next 30 years, Boeing expects to invest a further $27 billion — some $18 billion in titanium purchases, $5 billion in design and engineering services and $4 billion in other services and materials. Boeing has also created the Ural Boeing Manufacturing (UBM) joint venture with Russian titanium producer VSMPO-AVISMA. The 50/50 equity JV produces titanium parts for the Boeing 787. In 1992, the company established the Boeing Technical Research Center (BTRC), which is responsible for all research projects in Russia and involves more than 700 scientists and IT specialists in more than 20 Russian research institutes. In 1998, Boeing opened the Boeing Design Center (BDC) in Moscow with just 12 Ilyushin Design Bureau engineers. Today, there are more than 1,200 Russian contract engineers working at the BDC together with nearly 150 direct employees, including project managers and lead engineers. The BDC has played a significant role in the design of the all-new Boeing 787.

Dow is a diversified chemical company that combines the power of science and technology with the “human element” to improve what is essential to human progress. The company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.5 billion and employed approximately 46,000 people worldwide. The company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with 2008 sales of $10 billion, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. With a continued presence in Russia since 1974 and currently more than 150 employees in country, Dow offers a variety of specialty and base plastics and chemicals to a wide range of industries including automotive, paint, construction, packaging, furniture, wire and cable, large appliances, water treatment, and agricultural products. The company’s turnover in the Russian Federation in 2007 was around $560 million, which is nearly 50 percent higher than in 2006, confirming the consistent growth trend of past years.

Dow’s presence in Russia is growing rapidly. The company has built a STYROFOAM™ extruded polystyrene insulation boards production plant close to Moscow, and formed the Russian joint venture Dow Izolan in the Polyurethane Systems business, which is building a new, large and state-of-the-art production plant in Vladimir. In 2007, Dow, Gazprom and SIBUR signed a Memorandum of Intent to explore the potential for an international petrochemical partnership.

Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures or distributes automobiles across six continents. With about 201,000 employees and about 90 plants worldwide, the company’s automotive brands include Ford, Lincoln, Mercury, and Volvo. The company provides financial services through Ford Motor Credit Company. Ford has had a long association with Russia, appointing its first dealer there in 1907. Sales of cars, trucks and tractors were so successful that the company established a plant in Nizhny Novgorod in 1930 to produce the Model AA. Ford pioneered the automotive industry in Russia with the establishment of the Nizhny Novgorod plant, which is now the home of the secondlargest car manufacturer in Russia, Gorkovsky Avtomobilny Zavod (GAZ). Ford’s operations include its wholly-owned, full production cycle automobile manufacturing car plant in Vsevolozhsk, Leningrad Oblast. Since the plant’s opening in 2002, Ford has manufactured more vehicles in Russia than any other foreign producer — more than 300,000 — and the Ford Focus has been the best selling foreign model since the launch of its Russian production over six years ago. In 2009, plant manufacturing capacity was increased to 125,000 units per year and production of the Ford Mondeo was launched in March. Today, the plant employs more than 2,500 workers. Ford also sells the Fusion, Fiesta, C-MAX cars; S-MAX and Galaxy vans; Ranger compact pickup truck; Escape and Explorer SUVs; and Transit and Transit Connect light commercial vehicles in Russia.

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the companyâ&#x20AC;&#x2122;s North American distribution company. Headquartered in Memphis, Tennessee, the company employs about 61,500 people in more than 20 countries and serves customers worldwide. Net sales in 2008 were approximately $25 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

Founded in 1975, Microsoft Corporation is the worldwide leader in software, services and internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower and enrich people in the workplace, at school and at home. Microsoft products are available in more than 30 languages (including Russian) and sold in more than 100 countries. Microsoft Corporation opened its CIS subsidiary in Moscow in November 1992. Today, it has 34 regional offices across Russia, spanning 11 time zones. The key objectives of the companyâ&#x20AC;&#x2122;s Russian subsidiary are Russian IT market development, building a strong partner ecosystem and localization and deployment of Microsoft products, technologies and services.

Founded in 1849, Pfizer is the worldâ&#x20AC;&#x2122;s premier biopharmaceutical company taking new approaches to better health. The company discovers, develops, manufactures and delivers quality, safe and effective prescription medicines to treat and help prevent disease for both people and animals. Pfizer has been working in Russia since 1992. Today it operates in more than 50 Russian cities, offering medicines for cardiovascular, urological, neurological, and endocrinological diseases, antibiotics and a wide range of drugs for oncology and hematology patients. In Russia, the company conducts several clinical trials programs and actively supports government initiatives intended to develop the Russian pharmaceutical market and improve the quality of medical care by raising the accessibility of effective innovative drugs to Russian patients. In particular, Pfizer helps implement Health, a top-priority national project, and assists in carrying out other social initiatives promoted by both government agencies and nongovernmental organizations.

As a socially responsible company, Pfizer conducts numerous projects aimed at the improvement of the quality of life of socially vulnerable groups of citizens, including veterans, the disabled and children without parental care. In 2009, a renovated game room was opened in the oncology and hematology department of the Republican Children’s Hospital in Nalchik as part of the New Opportunities charity project initiated by Pfizer.

Wal-Mart Stores, Inc. serves customers and members more than 200 million times per week at more than 7,900 retail units under 55 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Wal-Mart employs more than 2.1 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart ranked first among retailers in Fortune magazine’s 2009 Most Admired Companies survey.

Baker & McKenzie defined the global law firm of the 20th century and is redefining it to meet the needs of the global economy of the 21st century. The firm combines an uncompromising commitment to excellence with an instinctively global perspective, commercially pragmatic advice, a genuinely multi-cultural approach, and a passion for collaborative relationships. With 3,900 lawyers in 38 countries, Baker & McKenzie has a deep understanding of the language and culture of business the world over and is able to bring the talent and experience needed to navigate complexity across practices and borders with ease. The firm has been active in the former USSR and the Commonwealth of Independent States (CIS) for over 40 years. Its Moscow office opened in January 1989, and was followed by the opening of St. Petersburg and Kyiv offices in 1992, Almaty in 1995 and Baku in 1998. With more than 120 lawyers throughout the CIS, Baker & McKenzie has the largest full-service law practice of any firm in the CIS, offering specialized expertise in all major aspects of investment in the region. Baker & McKenzie’s CIS attorneys work in close cooperation with, and are supported by, the firm’s network of offices worldwide. In the United States, the firm’s CIS practice includes several Russian-speaking attorneys who have practiced law in the USSR and CIS and now help to deliver CIS-related legal services to clients.

Visa operates the world’s largest retail electronic payments network and manages the world’s most recognized global financial services brand. The company has more branded credit and debit cards in circulation, more transactions and greater total volume than any of its competitors. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company provides financial institutions — its primary customers — with product platforms encompassing consumer credit, debit, prepaid, and commercial payments. VisaNet, Visa’s secure, centralized, global processing platform, enables the company to provide financial institutions and merchants with a wide range of product platforms, transaction processing and related value-added services. Based on the size of its network, the strength of the Visa brand and the breadth and depth of its products and services, Visa is one of the leading electronic payments companies in the world.

Board of Directors Klaus Kleinfeld, Chairman of the Board Robert S. Strauss, Chairman Emeritus Edward S. Verona, President and CEO Theodore Austell, III, The Boeing Company Sidney W. Bardwell, Deere & Company Ozer Baysal, Pfizer Inc. Stephen E. Biegun, Ford Motor Company Scott M. Blacklin, Cisco Systems, Inc. Peter A. Charow, BP America Inc. Patricia M. Cloherty, Delta Private Equity Partners James F. Collins, Carnegie Endowment for International Peace Jeffrey R. Costello, JPMorgan Chase Bank Richard J. Coyle, Wal-Mart Stores, Inc. Andrew Cranston, KPMG Vinay Dube, Delta Air Lines, Inc. Neil W. Duffin, Exxon Mobil Corporation Dorothy Dwoskin, Microsoft Corporation C. Cato Ealy, International Paper Terrence J. English, Baring Vostok Capital Partners Mark B. Fuller, Monitor Group Toby T. Gati, Akin, Gump, Strauss, Hauer & Feld, LLP German O. Gref, Sberbank Christopher Gubbey, General Motors Corporation Drew J. Guff, Siguler Guff & Company, LLC Trevor Gunn, Medtronic, Inc. Jay M. Haft, Renova Group D. Jeffrey Hirschberg, Kalorama Partners, LLC

Karl Johansson, Ernst & Young LLP Alexey Kim, Philip Morris Sales and Marketing Ltd. David S. King, Halliburton Company Klaus Kleinfeld, Alcoa Inc. Sergei A. Kuznetsov, Severstal North America William C. Lane, Caterpillar Inc. Eugene K. Lawson, Lawson International, Inc. James J. Mulva, ConocoPhillips Peter B. Necarsulmer, The PBN Company Richard D. Paterson, PricewaterhouseCoopers LLP Peter J. Pettibone, Hogan & Hartson LLP Thomas R. Pickering, The Eurasia Foundation Jay R. Pryor, Chevron Corporation William R. Rhodes, Citigroup Daniel W. Riordan, Zurich-American Insurance Company Paul Rodzianko, Hermitage Museum Foundation Charles E. Ryan, Deutsche Bank Ltd. Claudi Santiago, General Electric Company Bernard Sucher, Merrill Lynch International Maurice Tempelsman, Lazare Kaplan International Inc. Peter L. Thoren, Access Industries, Inc. Clyde C. Tuggle, The Coca-Cola Company Michael D. White, PepsiCo, Inc. Daniel H. Yergin, Cambridge Energy Research Associates

NOTES

U.S.-Russia Business Council Annual Meeting 2009 September 24-25, 2009

Американо-Российский Деловой Совет Ежегодное Заседание 2009 24-25 сентября, 2009

The U.S.-Russia Business Council gratefully acknowledges the generosity of the 2009 Annual Meeting sponsors

Attorneys at Law

Американо-Российский Деловой Совет глубого признателен спосорам Ежегодного Заседания 2009 года

900

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