Family of Rostec CEO makes over $3.2m in 2017

Family of Rostec CEO makes over $3.2m in 2017
Sergey Chemezov

The declaration can be found on the website of the state corporation. In 2016, the Chemezov family's income amounted to over 1 billion rubles ($15.8m).

The Rostec head made 193.5 million rubles ($3m) in 2017, while his wife Ekaterina Ignatova made 69 million rubles ($1m), according to the declaration on the Rostec website. The total income of the couple amounted to more than 1 billion rubles over 2016 with Chemezov making 212 million rubles and Ignatova 849 million rubles.

Besides the Rostec salary, Chemezov gets payments from companies where he is a board member: Rosoboronexport, United Instrument Manufacturing Corporation, Almaz-Antey PVO Concern, and others.

According to SPARK-Interfax, Ekaterina Ignatova is a shareholder of International Financial Club and owns several companies: Sistemnye Resheniya (a software developer), Kate (automatic transmission producer) and a Moscow-based Next Beauty Salon.

The declaration states that Chemezov and Ignatova have two apartments with an area of 386 and 260 square meters, as well as land plots with a total area of over 13 hectares, and a few houses. Ignatova is a member of the housing co-op of 29 Povarskaya Street (an elite building near the New Arbat). Among the members of the co-op are the former Rosneft top manager Sergey Bogdanchikov and a person named Svetlana Prikhodko, the full namesake of the daughter of Sergei Prikhodko, head of the Government Executive Office.

Earlier it was reported that Stanislav Chemezov, the son of the Rostec head, invested money in the construction of a hotel complex and a yacht club in the resort town of Gelendzhik. Valentin Manturov, the father of the Minister of Industry and Trade, is also among the investors. The project is estimated at 12.44 billion rubles ($196.7m).

Tags: Rostec
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