The Executive Board has four permanent committees, the purpose of which is to prepare recommendations and proposals for improving the Company’s business efficiency:

• Committee for Finance and Investments;
• Committee for Innovative Development;
• Management Committee for Implementation of SAP ERP;
• Steering Committee for Strategy Implementation.

The work of the committees is governed by current Russian law, decisions of the Company’s Board of Directors, other regulatory documents of the Company, rules and procedures imposed by the Company, and statutes on the committees.

Committee for Finance and Investments

Functions and tasks of the Committee for Finance and Investments include expert review and assessment of investment projects, taking decisions to suspend such projects, design of proposals for implementation of initiatives related to the Company’s financial, economic and commercial policies, coordinating main aspects of financial and investment activities by organizational divisions and the Company as a whole, as well as considering the Company’s mid-term and long-term development scenarios.

Membership of the Committee

Committee for Innovative Development

Functions and tasks of the Committee for Innovative Development include examination of innovation projects, assessing their effectiveness and monitoring their implementation with assistance from specialist departments and outside experts, submitting interim reports on implementation of such projects, deciding on their suspension, setting time limits for preparing and presenting materials on innovative development for consideration of such materials by the Committee and the Executive Board of JSC Aeroflot.

Committee composition

Management Committee for Implementation of SAP ERP

Functions and tasks of the Committee for Implementation of SAP ERP incude analyzing ERP performance, examining projects and programmes to create software complexes, setting requirements on the format and quality of materials provided, initiating and carrying out new SAP ERP implementation projects, and taking decisions on the budgets of such projects and on their suspension for any reason. The Committee is also responsible for carrying out expert review of project progress and results with assistance from specialist departments and outside experts.

Membership of the Committee

Steering Committee for Strategy Implementation

The Steering Committee for Strategy Implementation has been set up to ensure efficient coordination during implementation of the programme for integration of Aeroflot Group airlines. Accordingly, the tasks of the Committee include making key decisions as part of the programme, evaluating success in implementation of programme stages, defining new programme objectives, and adjusting existing objectives.

Membership of the Committee