Dmitry Mazepin

Dmitry Arkadievich Mazepin (Дзмітрый Мазепін; Дмитрий Аркадьевич Мазепин; born April 18, 1968, in Minsk, Byelorussian SSR, Soviet Union) is a Belarusian-Russian oligarch businessman.

He is the former owner and former CEO of Uralchem.

As of March 2022, following Russia's invasion of Ukraine, Dmitry Mazepin has been sanctioned by the European Union and the United Kingdom.

Mazepin has been on the Forbes magazine list of Russia's 200 wealthiest businesspeople.

In 2021, his wealth was estimated at $800 million.

Dmitry Mazepin was born on April 18, 1968, in Minsk, graduating from the Suvorov Military Academy in Minsk in 1985.

He then served as a military interpreter in Afghanistan between 1986 and 1988.

He graduated from the MGIMO University's Department of Economics in 1992 before going to work in the financial sector of Russia and Belarus and ultimately taking executive positions at major Russian private and government-owned companies Nizhnevartovskneftegaz and Sibur.

Mazepin was the CEO of Infistrakh, an insurance company, from 1992 to 1993.

For two years afterwards he held the deputy branch manager position at Belarusbank, before holding several executive positions at Falkon Bank in 1995.

His first major corporate assignment came in 1997 as well, with his appointment to the vice-president position of TNK, the Tymen Oil Company.

The company had just acquired Nizhnevartovskneftegaz as a subsidiary and Mazepin was made its executive director in charge of making the firm profitable again.

After that, Mazepin was the Deputy President of the Board of Flora Moscow Bank between 1998 and 1999, was the CEO of coal producer Kuzbassugol, and was then named First Deputy Chairman of the Russian Federal Property Fund in 2002.

Mazepin was the president of Sibur, a subsidiary of major gas producer Gazprom, in 2002 and held the position until 2003.

He was invited to take up the position to replace Jacob Goldovsky, who was arrested for illegally removing assets belonging to Gazprom from the company.

Mazepin was tasked to return these assets under Gazprom's operational control, as well as stabilize the at the time deeply indebted business.

The company underwent extensive technical audits to restart idle capacity and several issues relating to worker welfare, including pay arrears and housing conditions, were resolved.

Mazepin also sought to diversify Sibur's revenue sources, signing a MOU on gas processing with Sibneft in 2003.

In 2004, Mazepin created his own company in the sector after leaving Sibur.

Constructive Bureau, a company controlled by Mazepin, acquired a majority stake in Kirovo-Chepetsk Chemicals Plant in a public auction, outbidding Gazprom.

Mazepin became chairman of the board of the plant in 2005.

Constructive Bureau later also acquired stakes in Perm-based joint-stock companies Halogen and Minudobrenia, Berezniki Azot and Volgograd-based Khimprom (transferred to Renova in 2006).

In 2007, all assets under Mazepin's control were combined to form Uralchem United Chemicals Company, a public joint-stock company and Mazepin became the chairman of the Board of Director of Uralchem.

He graduated from the Saint Petersburg Institute for Economics and Management in 2008 with a first-tier university degree in Organization Management.

In June 2008, Mazepin acquired a 75.01% stake in Voskresensk Mineral Fertilizers, increasing this stake to 100% in 2011.

In the same year, he combined the production facilities of Kirov-Chepetsk Plant and Perm Halogen into Halopolymer, a public joint-stock company.

According to an interview in 2009, Mazepin ultimately succeeded in making Nizhnevartovskneftegaz loss-free.

He earned his PhD from the same school in 2012 after defending a thesis on developing a methodical approach to managing the stock market potential of an oil producing company.

in December 2013, Mazepin acquired a 20% stake in the world's largest potash producer, Uralkali, in a deal that was estimated to be worth $2.9 billion.

The acquisition was financed with a $4.5 billion loan from VTB.

A month before, Mikhail Prokhorov had also bought a 21.75% stake in the company from Suleiman Kerimov.

Mazepin took operating control over the company at that time, winning a seat on Uralkali Board of Directors in March.

Since 2014, he has also been the deputy chairman of the Board of Directors of Uralkali.

As part of a business development strategy, Mazepin has sought to introduce both companies to African markets.

Both Uralchem and Uralkali have been in talks with several African countries to increase production and build new plants on the continent.

He resigned from the Board of Directors of Halopolymer in 2015.

The main production assets of the company include the Azot branch in Berezniki, the Perm Mineral Fertilizers branch in Perm, the Kirovo-Chepetsk Chemical Plant branch in Kirovo-Chepetsk, and Voskresensk Mineral Fertilizers in the Moscow region.

In December 2018, Mazepin met with Kenya's President Uhuru Kenyatta to discuss new business deals as relations between Russia and Kenya are improving.

Mazepin met with Zimbabwe's President Emmerson Mnangagwa and Zambia’s President Edgar Lungu, in 2018.

Zimbabwe and Zambia are planned to become important hubs for fertilizer production as global demand is set to rise.