Sture Gustavsson, Executive Director, CEO of Black Earth Farming Ltd
Mr. Gustavsson is a Swedish citizen, born in Tidaholm in 1959. Mr. Gustavsson is managing director of MSLA since 1996. MSLA is a wholly-owned subsidiary of Investment AB Kinnevik, and owns and runs farms in Poland. Mr. Gustavsson obtained a degree from the Swedish University of Agricultural Sciences in 1989.

Local Management

Michael Shneyderman, Group Chief Financial Officer & General Manager of Agro-Invest
Mr. Shneyderman is a Russian and American citizen. He joined the Group on 1 June 2008. He previously held the position of CFO at Inchcape plc, a leading UK-based international automotive retailer with significant scale operations in Russia. He was instrumental in establishing a viable finance infrastructure within several major automotive acquisitions in Moscow and St. Petersburg. Previously, from 2004 to 2007, Mr. Shneyderman was CFO of Verysell, a leading international IT services and systems integration company with operations in Moscow, Russia and Geneva, Switzerland with revenue in excess of $450 million. He was responsible for the Group’s strategic financial management, corporate financing activities, financial/ERP systems development and other finance-related projects. From 2000 to 2003, Mr. Shneyderman served as CFO of Entropia, Inc., a San Diego-based start-up company. Mr. Shneyderman was responsible for the company’s strategic financial management and building and growing the financial and administrative infrastructure. He has also been Director of Sector Capital Fund, a Moscow-based investment firm, co-manager of the Moscow office of Siguler, Guff & Company, a New York-based international private equity firm as well as working in the financial departments of American Express in Russia and Wells Fargo in the US. Mr. Shneyderman holds a B.S. in Finance and Banking from the University of San Francisco and an MBA from the Stanford Graduate School of Business.

Gustav Wetterling, Chief Operating Officer
Mr. Wetterling is a Swedish citizen, born in 1981. Mr. Wetterling has worked for Black Earth Farming since July 2007 after having worked for the Russia-focused investment company Vostok Nafta Investment Ltd since 2006. He has previously also worked for Svenska Handelsbanken in Moscow and has additional experience from the finance and consulting sector in Sweden. Mr. Wetterling holds a Master of Science in Economics and Business from Stockholm School of Economics.

Alexander Fomin, Director of Sales
Before joining the Company, from 2006, Alexander Fomin, was the General Director of OGO PRODUCTS - a top-10 soft commodities traders in Russia. Before that, in 2002 – 2006 he was the Deputy General Director of Economics and Finance of the same Company. Mr. Fomin has a Degree in Economics and Finance from the Moscow Finance Academy as well as an MBA from the Higher School of Economics in Moscow.