General Director
and her Deputies

General Director

FPC's day‑to‑day operations are managed by its sole executive body, the General Director. The General Director is accountable to JSC FPC’s shareholders and the Board of Directors and submits quarterly reports to the Board on the Company’s performance (budget and contract work performance, HR and credit policy, social programmes, insurance coverage, implementation of the Board’s resolutions).

Decisions on election of the General Director, termination of his/her powers, determination of the term of his/her tenure and other terms of his/her employment agreement are made by the Board of Directors.

The General Director is responsible for timely and quality budgeting and budget performance at the Company, preparing budget execution reports and organising activities at the Company’s branches.

By decision of the Board of Directors in October 2020, Vladimir Pyastolov was elected General Director of JSC FPC. By decision of the Board of Directors in September 2023, Vladimir Pyastolov was elected General Director for a new term.

The General Director has no shares (stakes) in the Company and its controlled organisations. In 2023, he did not make any transactions with securities (shares) of the above companies.

Deputy General Directors

The governance structure of JSC FPC is formed by main areas of activity (functional blocks) and includes eleven Deputy General Directors.

The First Deputy Directors and Deputy Directors in charge of safety, quality, strategic development and digital transformation, human resources and social issues report directly to the General Director.

To ensure the balance of the top‑level governance processes and to set up a single centre of responsibility for the organisation and provision of transport services and a single centre of responsibility for the development of financial and business operations, marketing operations, business and product portfolio, the following positions were included in the governance structure of the Company:

• First Deputy General Director in charge of the Production Block, who has four subordinate Deputy General Directors in charge of railcar facilities, production development, transport organisation, customer service and service quality
• First Deputy General Director, heading the Economics and Finance Block, to whom the Deputy General Director for Marketing reports

Remuneration and reimbursement for the executive body and other key managers

The management incentive system aims to improve the efficiency of individual and collective work and is based on the results of the Company's KPI achievement. The principles of setting up the KPI system, defining a set of indicators, the procedure for their approval and performance monitoring are set out in the Regulations on the KPI SystemRegulations on the KPI system for the bonus purposes for FPC’s executives, approved by the Board of Directors (Minutes No. 24 dated 3 July 2023). The Regulations were developed in pursuance of the Russian Federation Government Order No. 3579-r dated 28 December 2020 “Methodological Recommendations on the Formation and Application of Key Performance Indicators of Joint Stock Companies, the shares of which are owned by the Russian Federation, and Certain Non-Profit Organisations for the Purpose of Determining the Amount of Remuneration for their Management Personnel” and the Model Regulations on the System of Key Performance Indicators for the Bonus Payments to Managers of the Parent Company’s Controlled Entity, approved by Order No. 867/r dated 10 April 2023 “On Amendments to Certain Acts Regulating the Incentive System for Managers of Companies Controlled by the Parent Company”..

The principles, procedure for remuneration and annual bonus payments to executives are set out in the Regulations on the Executive Remuneration SystemRegulations on the Management Remuneration System of JSC FPC approved by the Board of Directors (Minutes No. 24 dated 3 July 2023). The Regulations were developed in pursuance of Resolution No. 209 of the Government of the Russian Federation dated 13 February 2023 “On the terms of remuneration of managers, their deputies, chief accountants and members of collegial executive bodies of state corporations, state-owned companies, business entities, shares in the charter capital of which are owned by the Russian Federation” and the model regulation on the system of remuneration of executives of the major shareholder’s controlled company, approved by Order No. 867/r dated 10 April 2023 “On Amendments to Certain Acts Regulating the System of Incentives for Managers of Companies Controlled by the Major Shareholder”..

Management remuneration consists of a fixed and a bonus part. The bonus part depends on the Company's performance and is determined by financial, economic and industry‑related indicators. Its size is set based on KPIs, which are approved and updated annually by the Board of Directors on the recommendation of the Strategic Planning, Digital Transformation and Information Technology Committee.