Support The Moscow Times!

Baturina Tops Finans List of Influential Businesswomen

People carrying gifts of flowers on Ulitsa Marshala Biryuzova near the Oktyabrskoye Pole metro station on Monday as the country took a day off work to honor women on International Women?€™s Day. Inteko CEO Yelena Baturina tops a new list of Russia?€™s most influential businesswomen. Vladimir Filonov

Inteko CEO Yelena Baturina is the most influential businesswoman in the country, according to a ranking released by Finans magazine on Monday, topping a list that features many women known to have powerful husbands.

More than half of the women in this year's top 10, the magazine's second annual ranking, are newcomers from energy giants and large holdings, replacing several representatives of food producers and retailers that were prominent in last year's list.

Baturina, married to Moscow Mayor Yury Luzhkov, topped the list for the second year running, followed closely by newcomer Natalya Kasperskaya, wife of computer guru Yevgeny Kaspersky, and Olga Pleshakova, the Transaero chief who moved up from 16th place last year.

Women hold CEO posts in less than 10 percent of all Russian companies, but they are dominant in top accounting and human resources positions, holding 93 percent and 70 percent of such jobs, respectively, according to a recent report by PricewaterhouseCoopers.

The ranking was compiled taking into account three factors: the size of the business, the woman's rank in the company and the position of the company and its market.

Many have connected the success of Baturina, whose net worth Finans has estimated at $2.2 billion, with her relationship to Luzhkov.

Baturina has denied that she is given preferential treatment by City Hall, and sued opposition politician Boris Nemtsov over a report stating that Inteko has benefited from the mayor's decisions. The Moscow Arbitration Court ruled last month that Nemtsov must pay Baturina 40,000 rubles ($1,300) in compensation and retract one of the claims made about her.

Kasperskaya, CEO of Kaspersky Lab, made her first appearance on the list in second place. With a net worth estimated at $450 million, she was ranked the 177th wealthiest person in the country, while Kaspersky, her husband, was 129th, according to Finans' billionaire list, released last month.

Transaero, headed by Olga Pleshakova, overtook S7 as Russia's second-largest airline in 2009, and Pleshakova took over the third-place spot from Natalya Filyova, CEO of S7 Group, who fell to 11th place on the list.

Two former top managers in Oleg Deripaska's Basic Element took their place in the top 10 after having been ousted in a staff reshuffle in the holding company.

Gulzhan Moldazhanova, who was relieved as BasEl CEO in July, slipped two places to ninth place after taking the head position at ESN Group, controlled by businessman Grigory Beryozkin.

Olga Zinovyeva, former first deputy CEO at BasEl, made her first appearance in the rankings after taking a new position at Vladimir Potanin's Interros, which for two years had been involved in a high-profile feud with BasEl over a stake in Norilsk Nickel.

Nowhere to be found on this year's list, however, are food industry titans Lyudmila Pinkevich, co-owner of agriculture holding Nastyusha, or Galina Ilyashenko, CEO of retailer Sedmoi Kontinent. Last year, the two occupied fifth and eighth place, respectively.

Russia’s most powerful Businesswomen
1 Yelena Baturina Inteko President
2 Natalya Kasperskaya Kaspersky Labs / Infowatch CEO, Chairwoman
3 Olga Pleshakova Transaero CEO
4 Olga Zinovyeva Interros First Deputy CEO
5 Tatyana Kuznetsova Novatek Legal department director, board member?’ 
6 Olga Belyavtseva Progress Capital?’  Shareholder
7 Lyubov Khoba?’  LUKoil Chief accountant, board member?’ 
8 Elena Karpel Gazprom Board of directors, head of pricing department?’ 
9 Gulzhan Moldazhanova ESN Group CEO
10 Tatyana Paramonova Transcreditbank / ZhASO Chairwoman / CEO?’ 
11 Natalya Filyova S7 Group CEO?’ 
12 Yelena Vasilyeva Gazprom?’  Chief accountant, deputy chairwoman?’ 
13 Olga Plaksina IFD Capital Chairwoman
14 Olga Pavlova Gazprom?’  Head of property department, board member?’ 
15 Galina Aglyamova NLMK Vice president for finance
16 Yelena Barbasheva Onexim Financial director
17 Larisa Tkachuk?’  MegaFon Deputy CEO for commerce?’ 
18 Natalya Lutsenko Sodrugestvo Deputy Chairwoman?’ 
19 Yelena Blagova Volga Pipe Factory Managing director
20 Bella Zlatkis Sberbank Deputy chairwoman
21 Yulia Solovyeva Prof-Media Executive vice president
22 Yelena Umnova Svyazinvest Deputy CEO
23 Gulnara Khazyanova Sky Link?’  CEO?’ 
24 Margarina Rudyak Ingeokom Shareholder
25 Yelena Shmatova VimpelCom Executive vice president
26 Olga Gryadova Transkapitalbank Chairwoman
27 Anna Goldin Sistema?’  Vice president, board member?’ 
28 Olga Golubeva Petersburg City Bank Chairwoman
29 Olga Dergunova VTB?’  Board member?’ 
30 Natalya Yeremina OMK?’  Vice president, board member
— Finans

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more