In a latest move affecting the leadership of a major Russian energy group, Inter RAO, the board announced changes at the top of the company. Sergei Dregval has been appointed as the new general director, stepping into the role previously held by Boris Kovalchuk. The information was confirmed by the holding company’s press service and reflected on the Corporate Disclosure Center’s platform. (attribution: Corporate Disclosure Center)
The company noted that Kovalchuk’s powers would be terminated ahead of schedule, marking a turning point in Inter RAO’s executive leadership. The announcement hinted at a strategic transition to new management leadership without detailing the specific reasoning behind the early departure. (attribution: Corporate Disclosure Center)
Sergei Dregval comes to the post after a notable track record in regional governance. He previously served as deputy governor of St. Petersburg, where he oversaw the city’s Energy Committee and guided related initiatives for a five-year period up to mid-March. In that capacity, he led efforts to align regional energy policy with broader national goals and monitored key industry programs. His move to the general director role at Tarifeler Holding, as described in the press materials, signals a bridging of regional energy governance with national energy market leadership. (attribution: Corporate Disclosure Center)
Prior to this leadership transition, Inter RAO’s board had discussed the possibility of an early termination of the current chief executive’s term. While the exact timetable remained a matter of internal deliberation, the board’s public statements pointed toward a proactive stance on leadership evolution in a constantly shifting energy landscape. (attribution: Corporate Disclosure Center)
Public communications from late winter had noted a meeting involving President Vladimir Putin and the head of Inter RAO. During that discussion, the general director reported on substantial revenue growth for the company, highlighting a rise from 69 billion rubles in 2009 to more than 1.3 trillion rubles in the 2023 period. This revenue trajectory underscores the scale and impact of Inter RAO within Russia’s energy sector and its role as a cross-border energy player. (attribution: Corporate Disclosure Center)
Historically, Inter RAO has faced periods of tension around supply commitments and regional energy security. At times, the company has implemented partial restrictions on electricity shipments to neighboring markets, reflecting the broader dynamics of energy export policy and strategic market positioning. These episodes illustrate how Inter RAO balances domestic generation, export obligations, and geopolitical considerations as it navigates an increasingly interconnected energy system. (attribution: Corporate Disclosure Center)