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Board of Directors

Edward Verona, Chairman

Edward S. Verona has served as our director and Chairman of the Board since April 29, 2016. Mr. Verona has been a Senior Director of McLarty Associates, an international affairs advisory business since  June 2014. Prior to joining McLarty, Mr. Verona served for five years as President of the US-Russia Business Council (USRBC),  where he led the Council’s efforts to provide government relations services to American and Russian companies and facilitate  American entry into the Russian market. Before joining USRBC, Mr. Verona spent many years in the energy sector and in the U.S. Foreign  Service, posted in former Soviet states and in Latin America. He was Executive Director of the Moscow-based Petroleum  Advisory Forum from December 1996 to August 1998. From August 1998 to August 2003 he held various positions with Texaco and  ChevronTexaco, including Head of Representation for Texaco in Russia and Kazakhstan and Vice President for Government and Public Affairs for  Latin America, based in Caracas, Venezuela. Subsequently, he served as Vice President of ExxonMobil Russia from June 2006 to  August 2008, with responsibility for government and public affairs. Mr. Verona began his energy sector career working for Shell Oil  Company in New York City, and first worked on energy issues in Russia in 1996 as Executive Director of the Moscow-based  Petroleum Advisory. He has served as Chairman of the Kazakhstan Petroleum Association and as Chief Representative of Barrick Gold in  Russia. Prior to joining Texaco, Mr. Verona served for seven years in the US Foreign Service as Economic Officer in Mexico City,  Brasilia, and Moscow. In 1980, he joined mining and oil & gas equipment manufacturer Ingersoll-Rand as Special Representative  posted in Bolivia, Ecuador, and Miami. 

Mr. Verona graduated from the University of Arizona with a Bachelor’s degree in Political  Science, and he received a Master’s of International Management from the American Graduate School of Global Management  (Thunderbird). He speaks Russian, Spanish, and Portuguese.  

Gennadii Butkevych

Gennadii Butkevych has served as our director since February 15, 2018. Mr. Butkevych founded Agrotechbusiness LLC in 1999 and has grown from a single grocery kiosk to one of the largest chain of discount supermarkets in Ukraine. In 2013 Mr. Butkevych co-founded ATB Corporation and Agrotechbusines LLC was merged into the new entity, becoming ATB-Market Company, and for which Mr. Butkevych serves as Director. ATB currently has 920 locations in over 230 cities and towns in Ukraine. 

Mr. Butkevych is a known philanthropist in Ukraine. Orphanage No. 1 of Dnepr city has been sponsored by ATB Corporation since 2014. Mr. Butkevych founded and is the honorary Chairman of the “Dnepr Open” amateur tennis tournament. As the owner of the Equides Equestrian Club – the home of frequent inter-regional and international events – Mr. Butkevych sponsors the Ukrainian horse riding national youth sports team. 

Mr. Butkevych is a graduate of Dnipropetrovsk Engineer and Architecture Institute and holds an MS degree in Engineering.  

Thomas John Gallagher

Thomas Gallagher has served as our director since April 29, 2016. Since  2009 Mr. Gallagher has been the Chairman of Exchequer Capital GmbH, a wealth advisory firm. Mr. Gallagher serves as a directors of a  number of private companies, as well as serving as an Advisor to the Chairman, Eurasian Bank, Kazakhstan on Private Banking, and to  the Chairman, SkyBridge Capital AG in Zürich, Switzerland. He was the Head of Alternative Investments, Valartis Asset Management  from February 2008 to September 2008. Prior to that since 2003 he worked for Moore Capital Management as Director of European  Wealth Management in Alstra Capital Management, and a Director of the Fund Investment Group. From 2000–2003 he was the founder in Oak  Hill Platinum Partners, doing financial & institutional fundraising and products consulting. Earlier in his career he worked as  legislation Counsel in Joint Committee on Taxation of The Congress of the United States and later worked at Counsel in Davis  Polk & Wardwell; Milbank, Tweed, Hadley & McCloy; Gallagher & Blitz; Chadborne & Parke; and O’Connor & Hannan.  

Mr. Gallagher has LL.M., Yale Law School, J.D., Magna Cum Laude, Loyola Law School (N.O.), A.B., Villanova University. 

Ilya Ponomarev

Ilya Ponomarev has served as our director since our inception and has  been our Chief Executive Officer since February 15, 2018. From December 2007 to the present, Hon. Ponomarev served an opposition  member of Russian Parliament — State Duma representing Novosibirsk — the capital of Siberia, and is chairing Innovations and  Venture Capital (formerly Hi-Tech development) subcommittee. Although he was a member of parliament until 2016, after his lone vote  against the war between Russia and Ukraine, he was not permitted to return to Russia after traveling to the United States. 

Earlier Ilya Ponomarev  held various positions in government offices and private companies, including Vice president of Yukos Oil Company, the largest Russian oil and gas company, and prior to that Director for CIS Business Development and Marketing for Schlumberger Oilfield Services.

Ilya Ponomarev holds BSc in Physics from Moscow State University and Master of Public Administration from Russian State Social  University. He is an author of a number of research papers and magazine articles about new economy development, energy, regional  policies, education and international relations. 

Vadim Komissarov

Vadim Komissarov has served as our President since our inception. Mr.  Komissarov was appointed our Chief Financial Officer and to the Board of Directors on April 29, 2016. Prior to April 29, 2016, Mr.  Komissarov served as our Secretary and Treasurer. In March 2015, Mr. Komissarov founded VK Consulting, Inc., a financial advisory  services firm for which he is a director. 

Prior to that, from August 2014 until April 2015, Mr. Komissarov was an advisor to UMW  Technology and UMW corporation Sdn Bhd. From September 2009 until March 2014 he was the co-founder and head of investment  banking from Globex Capital, an investment banking and financial advisory firm. Mr. Komissarov started his investment banking career in  New York working for international banks, including Merrill Lynch and Bank of New York, handling private equity transactions and ADR programs for Eastern European clients. 

Mr. Komissarov holds an MBA degree from NYU’s Stern School of Business.