ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces changes to the membership of its Board of Directors.
Etalon Group’s Board of Directors has accepted the resignation of the independent director Martin Cocker from the Board and its committees. Mr Cocker had served as Chairman of the Board’s Audit Committee and was also a member of the Board’s Remuneration and Nomination Committee.
In order to comply with best corporate governance practices Etalon Group plans henceforth to maintain a balanced Board structure with broad representation of independent directors.
Taking the recent changes into account, the current membership of the Board of Directors and its committees is outlined below.
Etalon Group Board of Directors:
- Sergey Egorov, Chairman of the Board of Directors, non-executive director
- Gennadiy Shcherbina, Chief Executive Officer of Etalon Group
- Maxim Berlovich, executive director
- Oleg Mubarakshin, non-executive director
- Dennis Vinokourov, non-executive director
- Alexander Voloshin, independent non-executive director
- Boris Svetlichny, independent non-executive director
- Marina Ogloblina, independent non-executive director
- Ganna Khomenko, independent non-executive director
- Charalampos Avgousti, independent non-executive director
Strategy Committee:
- Maxim Berlovich, Chairman
- Sergey Egorov, non-executive director
- Gennadiy Shcherbina, Chief Executive Officer of Etalon Group
- Oleg Mubarakshin, non-executive director
- Dennis Vinokourov, non-executive director
- Artyom Zasursky, Vice President for Strategy and Development at PJSFC Sistema
- Marina Ogloblina, independent non-executive director
Remuneration and Nomination Committee:
- Sergey Egorov, Chairman
- Oleg Mubarakshin, non-executive director
- Ganna Khomenko, independent non-executive director
- Charalampos Avgousti, independent non-executive director
Audit Committee:
- Boris Svetlichny, independent non-executive director
- Ganna Khomenko, independent non-executive director
Investor Relations and Information Disclosure Committee:
- Petr Kryuchkov, Chairman
- Dennis Vinokourov, non-executive director
- Boris Svetlichny, independent non-executive director
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 38 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.