Board of Directors

BALTIC ALLIANCE warns all interested parties about fake commercial offers, job offers, and other forged documents distributed on the Internet allegedly on behalf of the Company.

Furthermore, in connection with increased cases considering illegal use of the Company's style, trademark, and logo by sites, accounts, and social network pages not related to BALTIC ALLIANCE, we recall the need for caution and reconciling all the information with the official resources www.balticalliance.com

Baltic Alliance is not responsible for undesirable consequences that may result from using information from unverified sources.

The board is responsible for overseeing the company's strategic direction, corporate governance, major decision-making processes, and approval of key strategic decisions.

Baltic Alliance board of directors typically consists of a combination of company executives, independent directors, and representatives of major shareholders. Independent directors are individuals who are not employed by the company and are expected to provide unbiased advice and oversight

One of the primary responsibilities of the board is to monitor the financial matters of the company. This includes reviewing and approving financial statements, ensuring compliance with accounting standards and regulations, and overseeing the company's financial performance, including revenue, expenses, and capital allocation.

To obtain the most up-to-date and accurate information on the responsibility of the Baltic Alliance board of directors, we recommend subscribing to the company's recent financial reports.

Corporate Governance Structure

Auditing Firm

Appointed by the General Shareholders Meeting.

Audit Committee

Elected by the Board of Directors, prepares recommendations for the Board of Directors.

Nomination and Remuneration Committee

Elected by the Board of Directors, prepares recommendations for the Board of Directors.

Sustainable Development Committee

Elected by the Board of Directors, prepares recommendations for the Board of Directors.

Internal Audit Department

The Board of Directors decides on the appointment (dismissal) of the Department Head, accountable to the Board of Directors.

Board of Directors

Elected by the General Shareholders Meeting, accountable to the General Shareholders Meeting.

Audit Commission

Elected by the General Shareholders Meeting, accountable to the General Shareholders Meeting.

Chairman of Management Committee

Elected by the Board of Directors, accountable to the Board of Directors and General Shareholders Meeting, leads the Management Committee.

Management Committee

Composed by the Board of Directors, accountable to the Board of Directors, led by the Chairman of the Management Committee.

Risk Management and Internal Control Unit

Led by the Deputy Chairman of the Management Committee.

Coordinating Committee for Shareholder and Investor Relations

Formed by the Chairman of the Management Committee, accountable to the Chairman of the Management Committee.

Coordinating Committee for Rational Use of Natural Resources

Formed by the Chairman of the Management Committee, accountable to the Chairman of the Management Committee.

Structural Unit for Handling Insider Information

Selected by the Chairman of the Management Committee, accountable to the Chairman of the Management Committee.

Eric Maurice Liron

Chairman of the Board of Directors/Management Committee

Eric Maurice Liron, with over thirty years of experience in the oil/gas industry, is a major shareholder of Baltic Alliance, recognized for his contributions to the TNK-BP joint venture & founding the Oil & Gas Climate Initiative.

Sergey Timchenko

Member of the Board of Directors, Executive Director

Sergey Timchenko, Executive Director and son of Russian Oligarch Gennady Timchenko, is associated with Volga Group, holding stakes in energy, transport, and infrastructural assets.

Alexander Bazarov

Member of the Board of Directors, Member of the Audit Committee

Alexander Bazarov, with a background in economics and extensive experience, is a member of the Board of Directors and the Audit Committee at Baltic Alliance.

Abdulla Al Amoudi

Independent Director, Chairman of the Audit Committee, Member of the Nomination & Remuneration Committee

Abdulla Al Amoudi, a Saudi businessman and Independent Director, holds significant oil interests in Russia and a 20% stake in Baltic Alliance.

Saeed Abdullah Al-Rumaih

Non-Executive Director, Member of the Audit Committee, Deputy Chairman Nomination & Remuneration Committee

Saeed Abdullah Al-Rumaih, a non-executive director, holds a leadership position in the GCC Board Directors Institute and has played a significant role in various regional projects in the Middle East.

Saleh Abdullah Al-Nazha

Non-Executive Director, Member of the Audit Committee/Nomination & Remuneration Committee

Saleh Abdullah Al-Nazha, a stakeholder in Baltic Alliance, brings a wealth of experience from various sectors, including oil and gas and transportation.

Fraud Warning

Leadership