Denis Morozov Explained

Denis Stanislavovich Morozov
Birth Date:30 March 1973
Birth Place:Vienna, Austria
Citizenship:Russian
Education:Moscow State UniversityHarvard Business SchoolSchool of International and Public Affairs, Columbia University
Occupation:economist, lawyer, entrepreneur, manager

Denis Stanislavovich Morozov (: born March 30, 1973, Vienna) is a Russian entrepreneur, President of Russian branch of Merrill Lynch, the investment banking division of Bank of America. Previously, he was the President and CEO of Uralkali, President and CEO of Norilsk Nickel, and executive director of the European Bank for Reconstruction and Development.

Biography

Early life

Denis Morozov was born on March 30, 1973, in Vienna, where his parents worked for the Soviet diplomatic mission and where he spent the first years of his life. He went to school in Moscow, but at the age of 9 he returned to Austria due to his father's foreign trip. From the age of 12 he lived in Moscow separately from his family, studying at a sports boarding school and then at a sports school.[1]

Education

In 1989 he entered the Moscow State University, Faculty of Economics (Political Economy Department), graduating with an external degree in 1993. Later studied at the Faculty of Law of Moscow State University, specialising in jurisprudence, graduating with honours in 1996. In 1999, he graduated from the Swiss Banking School with a specialisation in commercial banking[2] and defended his thesis on "Project Finance: Risk Management and Insurance" at MGIMO, receiving a PhD in economics.[3]

After a successful career in senior positions in Russian industry, Morozov continued his studies in the United States, graduating first from Harvard Business School and then from Columbia University School of International Affairs and Public Administration.[4]

Career

His career started in 1992 at Ingosstrakh. From 1994, he worked at Alfa Bank as Deputy Head, Head of the Credit and Project Finance Department, and Vice President. In 1998, he became Head of the Commercial Banking Department of the International Finance Company Bank.

In 1999, at the invitation of Lev Kuznetsov, with whom he had previously worked at Alfa Bank, and Alexander Khloponin, he joined Norilsk Nickel. Morozov held the positions of Head of the Corporate Structures Department, Head of the Corporate Capital, Shareholder and Investor Relations Department, Head of the Legal Department, and was a member of the board of directors. In 2000–2001, he was responsible for the preparation and implementation of the company's reorganisation project, which effectively transformed Norilsk Nickel into a new public company. Morozov implemented a number of other highly successful projects, including the spin-off of Norilsk Nickel's gold mining assets into a separate company, Polyus Gold.

In early 2007, Morozov took over as president and CEO of Norilsk Nickel.[5] [6] At that time, controversy between the company's major shareholders escalated, but Morozov took a neutral stance, running the company solely in the interests of all shareholders and unwilling to take sides in the conflict, which by that time, in addition to Vladimir Potanin and Mikhail Prokhorov, included Viktor Vekselberg, Oleg Deripaska and Alisher Usmanov.[7] As a result, he was forced to leave Nornickel in mid-2008 before the expiry of his employment contract.[8]

He negotiated a job at TNK-BP.[9] However, in January 2009, Morozov turned down an offer to head the oil company, as the Russian shareholders, contrary to earlier agreements, refused to step back from operational management and also attempted to significantly change the terms of the contract previously agreed with Morozov. As a result, the company was taken over by its shareholder Mikhail Fridman.[10]

In late 2009, Morozov was appointed president and then CEO of Uralkali,[11] and began work in February 2010, interrupting his studies at Columbia University. However, by the autumn of the same year, following the sale of the company by Dmitry Rybolovlev to Suleiman Kerimov's structures, Morozov decided to exercise his option in connection with the change of control and returned to New York to complete his studies at Columbia University.[12]

In March 2011, Denis Morozov took up the position of executive director of the European Bank for Reconstruction and Development.[13]

In 2012, he was elected Global Leader of the World Economic Forum and was a member of the management reserve under the patronage of the President of the Russian Federation.

Denis Morozov also served on the boards of directors of the Export Insurance Agency of Russia,[14] United Grain Company,[15] Alrosa,[16] Rosseti,[17] Russian Agricultural Bank,[18] RusHydro[19] and a number of other major Russian companies.

In 2018, after the next presidential election and the change of the Government, he left his position as executive director of the European Bank for Reconstruction and Development, completed his work on the Boards of Directors of state-owned companies and left the management reserve of the President of the Russian Federation due to his transfer to a leading global financial institution Bank of America as managing director and President of Russian branch of Merrill Lynch.[20]

Personal life

Morozov has been a sports enthusiast since childhood, particularly fond of water, sailing and mountain sports. He is married with two adult children.

Awards

Notes and References

  1. Web site: Морозов, Денис Представитель России в совете директоров Европейского банка реконструкции и развития . 2024-06-30 . lenta.ru.
  2. Web site: 2008-03-24 . Личное дело . 2024-06-30 . www.kommersant.ru . ru.
  3. Web site: Морозов . Денис Станиславович . Проектное финансирование: Управление рисками и страхование .
  4. Web site: Денис Морозов: биография . 2024-06-30 . Росконгресс . ru.
  5. Web site: 2007-10-04 . "Исполнительная функция" . https://web.archive.org/web/20170312195353/http://expert.ru/expert/2007/36/ispolnitelnaya_funkciya . 2017-03-12 . №36 (577) . «Эксперт».
  6. Web site: 2007-05-31 . ИНТЕРВЬЮ: Денис Морозов, генеральный директор "Норильского никеля" . №98 (1872) . «Ведомости».
  7. Web site: 2008-03-24 . "Считаете целесообразным слияние — сделайте предложение" . 2024-06-30 . №47/П (3864) . «Коммерсант» . ru.
  8. Web site: 2008-07-08 . "Интеррос" возглавил "Норильский никель" . 2024-06-30 . №116 (3933) . «Коммерсант» . ru.
  9. Web site: 2008-11-27 . ТНК-ВР доверили юристу и металлургу . https://web.archive.org/web/20150513185742/http://www.kommersant.ru/Doc/1081676 . 2015-05-13 . «Коммерсант» . №216 (4033).
  10. Web site: 2010-12-24 . Фридман задержится в ТНК-ВР . https://web.archive.org/web/20101227082137/http://www.gazeta.ru/business/2010/12/24/kz_3477298.shtml . 2010-12-27 . «Газета».
  11. Web site: 2009-12-23 . Президентом "Уралкалия" назначен Денис Морозов . https://web.archive.org/web/20160306001624/http://www.gzt.ru/Gazeta/biznes-kompanii-v-gazete/279119.html . 2016-03-06 . «Газета».
  12. Web site: 2010-08-04 . В "Уралкалий" назначен новый гендиректор . https://web.archive.org/web/20100807200002/http://www.vedomosti.ru/newsline/news/2010/08/04/1074196 . 2010-08-07 . «Ведомости».
  13. Web site: 2011-03-23 . Путин назначил директором ЕБРР от России экс-главу "Норникеля" и "Уралкалия" . https://web.archive.org/web/20140624225746/http://www.vedomosti.ru/career/news/1237425/putin_naznachil_direktorom_ebrr_ot_rossii_eksglavu . 2014-06-24 . «Ведомости».
  14. Web site: Глава ВЭБ сменил первого вице-премьера Шувалова на посту председателя совета директоров ЭКСАР - ТАСС . 2024-06-30 . TACC . ru.
  15. Web site: 2009-07-22 . Путин рекомендовал . 2024-06-30 . «Ведомости» . ru . Экс-гендиректор «Норникеля» Денис Морозов может войти в совет директоров принадлежащей государству Объединенной зерновой компании (ОЗК).
  16. Web site: Избран новый состав Наблюдательного совета компании (АК "АЛРОСА" (ОАО)) . 2024-06-30 . rudmet.ru.
  17. Web site: ПравоТЭК - Новости - Избран новый состав Совета директоров ОАО "Россети" . 2024-06-30 . www.lawtek.ru.
  18. Web site: 2014-09-15 . Денис Морозов избран председателем Наблюдательного совета Россельхозбанка . 2024-06-30 . Банковское обозрение.
  19. Web site: НА ОЧЕРЕДНОМ ЗАСЕДАНИИ СОВЕТА ДИРЕКТОРОВ РУСГИДРО . 2024-06-30 . rushydro.ru.
  20. Web site: 2018-07-10 . Господин со связями. Экс-директор ЕБРР Денис Морозов будет работать на BofA Merrill Lynch . 2024-06-30 . Forbes.ru . ru.
  21. Web site: Указ Президента Российской Федерации от 26 марта 2018 года № 118 «О награждении государственными наградами Российской Федерации» . https://web.archive.org/web/20180330075921/http://publication.pravo.gov.ru/Document/View/0001201803290028?index=8&rangeSize=1 . 2018-03-30.
  22. Web site: Указ Президента Российской Федерации от 2 мая 2012 года № 548 «О награждении государственными наградами Российской Федерации» . https://web.archive.org/web/20161226221949/http://publication.pravo.gov.ru/Document/View/0001201205030004 . 2016-12-26.
  23. Web site: Указ Президента Республики Беларусь от 22 октября 2015 года № 438 «О награждении» . https://web.archive.org/web/20210516113543/https://pravo.by/document/?guid=12551&p0=P31500438&p1=1 . 2021-05-16.
  24. Web site: Распоряжение Президента Российской Федерации от 24 октября 2013 года № 391-рп «О поощрении» . https://web.archive.org/web/20210516113547/http://publication.pravo.gov.ru/Document/View/0001201310280036?index=5&rangeSize=1 . 2021-05-16.