Meet RSC Energia’s New President

Vladimir Lvovich Solntsev. (Credit: Energia)
Vladimir Lvovich Solntsev. (Credit: Energia)

Vladimir Lvovich Solntsev

President of S.P. Korolev Rocket and Space Corporation Energia

Born: February 8, 1957 in Tula (Russia).

Graduated from Tula Polytechnic Institute and the Russian Academy of Foreign Trade

He began working at Tula Machine-Building Plant, rose through the ranks from a foreman to the Deputy Directior of Finance and Marketing Joint Stock Company Tulamashzavod, Tula.

From 1995 Solntsev worked in the Mezhkombank Group as President of Investment Company Mezhinvest, Director of the Bank Investment Programs Department, then headed the Department for Military-Technical Cooperation SUE Aviation Military-Industrial Complex Sykhoy, Moscow.

In the early 2000 Vladimir Lvovich moved to Vneshtorgbank (VTB) where until 2010 he worked first as a Vice-President and then as Senior Vice President. Headed the Department for work with substantial clients. Concurrently he worked as Deputy Chairman of the Management of Guta-bank owned by VTB (VTB-24 at a later time).

At an extraordinary meeting of shareholders of OAO NPO Energomash after V.P. Glushko, which was held on October 4, 2010, OAO RSC Energia was empowered as the sole executive body – the Management Company, and V.L. Solntsev was appointed an Executive Director. Within a short period Vladimir Lvovich took Russian OAO NPO Energomash after Academician V.P. Glushko – a leading company in the world for development of powerful liquid rocket engines – out of pre-bankruptcy. The company’s revenue by 2014 increased 4 times. The production output also increased within three years 2.5 times. All engines supplied to Russian and foreign customers performed their functions intended to deliver spacecraft to target orbits without comments. There is a plan for the company development until 2020, which envisages an increase in revenues and the increased economic stability.

According to the decision of the Board of Directors of OAO RSC Energia Vladimir Lvovich Solntsev on August 1, 2014 was appointed an acting single-member executive body (President) of the Corporation.

On September 20, 2014 by the resolution adopted at OAO RSC Energia Extraordinary General Shareholders’ Meeting, he was elected single-member executive body (President) of S.P. Korolev Rocket-Space Public Corporation Energia.