Marina Medvedeva was born in Moscow in 1971. As a member of OOO SIBUR’s Management Board since 2016, she oversees corporate governance and development of business process management and corporate services.
A graduate of the College of the Ministry of Foreign Affairs, she has worked in oil companies since 1992. In 2000, she graduated with honours from the Moscow Academy of Economics and Law with a degree in Law. While studying at the Academy, she was already taking part in project structuring work under production sharing agreements.
Since 2003, Marina has held senior management positions in foreign and Russian oil companies, including Quest Petroleum (UK), ARCO Overseas Petroleum Inc., and TNK-BP Management, where she supervised mergers and, later, corporate governance development. She describes that experience as instrumental in helping her gain detailed knowledge of the industry, improve stress resistance, and acquire skills in building project teams. “But I was interested in further professional growth, new challenges and cultural environments,” says Marina.
In 2008, upon completing MGIMO University’s International Business in the Oil and Gas Sector programme, as well as several programmes at the INSEAD business school, Marina was appointed Shared Services and Governing Bodies Director at OOO SIBUR. Later, she became the Company's Managing Director. Since joining SIBUR in 2008, the scope of her responsibilities has increased to include a variety of areas and functions.
At SIBUR, Marina initiated restructuring of shared corporate services and governing bodies and proposed new approaches to the respective activities. “The main challenge was to streamline administrative processes and create a dynamic and flexible culture based on collaboration. The key objective was to make all internal services convenient and transparent for the customer – the Company’s employees,” commented Medvedeva.
Under her watch, the workflow and protocol service processes were optimised, shared services (not typical BSC services) were centralised based on the SIBUR Shared Services platform, functional structure of overseen units was created across the Company’s footprint, and the transformation and development of business process management was launched. In 2012, Marina was among the winners of the 7th Director of the Year National Award in the Corporate Governance / Corporate Secretary category. The Award is sponsored by the Russian Union of Industrialists and Entrepreneurs in partnership with PwC. In 2013, she became the winner of the Award. Still, these achievements are not a reason to stop seeking even more efficient solutions, Marina believes.
Marina has been increasingly participating in independent professional groups and forums to share her experience with colleagues across the industry. “Today, SIBUR is a recognised industry leader both in terms of business performance and when it comes to introducing best practices in its work,” says Medvedeva. She represents the Company in the Independent Directors Association, is a member of the National Association of Corporate Secretaries and is an IoD-certified independent director.
Outside work, Marina usually sets aside time for sports (tennis, alpine skiing) and cultural activities. As a child, she spent a lot of time practising to become a synchronised swimmer. “It’s a unique sport that teaches discipline, individual and team work, as well as the ability to switch from one routine to another.” Above all, Marina values spending time with her family.