Maxim Barskiy: Biography


Maxim Barskiy

Maxim Barskiy

Barskiy is an investor with a proven track record of increasing the market value of companies in a variety of industries. He was a top executive and a shareholder in several multi-billion companies including TNK-BP. Maxim Barskiy managed to turn the Sibanthracite coal mining company into an industry leader within a short period, increasing its capitalization severalfold.

Maxim Barskiy: Early years

Barskiy Maxim Gennadievich was born in the spring of 1974 in Leningrad, later moving to Zhytomyr, and then to Nefteyugansk.

However, after graduating from high school, he returned to Leningrad on the recommendation of his teachers, as the city offered more opportunities for higher education.

Barskiy Maxim: Education

The future top executive enrolled in a vocational school with a focus on accounting. Later, he enrolled in the Faculty of Economics at LSU.

However, he soon realized that the Soviet education system was struggling to keep up with the rapidly changing reality, so he moved first to Norway on a student exchange program and then to the United States.

There, he studied at the Haas School of Business at the University of California.

Barskiy Maxim Gennadievich: Investment as a new area of expertise

Maxim Barskiy returned to his homeland from North America in 1998, amid the financial meltdown, and joined the investment company Troika Dialog as a trader. Half a year later, Maxim Gennadievich Barskiy became involved in investment banking.

He participated in the conclusion of such landmark domestic market deals as the purchase of a large stake in VimpelCom by the Norwegian company Telenor and the sale of the Bochkaryov brewery to the Heineken conglomerate. Within a few months, the manager was promoted to vice president of the investment banking department. He was involved in attracting investors for the sound recording company Soyuz and the IT firm ABBYY.

Barskiy Maxim Gennadievich

A few years later, Troika Dialog was approached by Cityline, an Internet provider that was looking for investors. While the company’s executives considered the client too small and rejected the proposal, Maxim Barskiy became interested in the project. He left Troika Dialog and spearheaded efforts to increase the company’s capitalization. Later, he found funds for the development and drew up a strategic promotion plan that prioritized expansion into regional Internet service markets. Before long, the company’s customer base had significantly increased, and in the spring of 2001, it was acquired by a larger Internet provider for $27 million, almost triple the original investment.

Maxim Gennadievich Barskiy: Capitalization and management expert

In the mid-2000s, Barskiy, already a seasoned investor with a solid track record of increasing company capitalization, took on a new professional challenge. He became an executive with a small Vostok Oil company which at the time found itself in deep waters. In the summer of 2004, he launched a major overhaul of the company, embarking on a rebranding campaign and investing in new mining assets. As a result of the reorganization, the newly formed West Siberian Resources began to triple hydrocarbon production each year, while the company’s capitalization increased from $60 million to $4.5 billion by 2008.

Maxim Gennadievich Barskiy’s efforts resulted in WSR being listed on the Stockholm Stock Exchange and a merger with Alliance Oil Company, creating a new vertically integrated holding company of the same name. In the autumn of 2008, the top executive left WSR.

Barskiy Maxim Gennadievich: Working for a major oil company

Barskiy Maxim soon received an offer to take up a senior management position in a major international oil company, TNK-BP. Before becoming deputy chairman of the board, and then CEO, he completed a one-year specialized internship at the HQ of British Petroleum. In 2010, the top executive started to modernize business processes, fine-tune the interaction between the holding’s branches in different countries, and expand the company’s asset portfolio. He took part in acquiring upstream assets in Asia and Latin America, resulting in a 10% increase in the holding company’s international oil production. At the same time, the manager led the effort to optimize the holding’s management structure and introduce changes to the shareholder agreements.

The top executive achieved spectacular results while working for TNK-BP: in just about 18 months, the holding’s capitalization tripled from $20 billion to $60 billion. In late 2011, he left his post and spent five years developing another oil producer.

Maxim Barskiy Sibanthracite

Barskiy Maxim Gennadievich: Overseas oil and European delivery service

In the spring of 2012, Maxim Barskiy acquired a large stake in the oil company Matra Petroleum and became its senior executive. At the time, the company owned an oil field in Orenburg Region. The top executive decided to completely redirect the company’s business activities. To achieve the new vision, Matra Petroleum sold this asset in mid-2013 and invested the proceeds in an oil field in North Texas. However, the company didn’t have time to properly set up operations as oil prices took a nosedive in the spring of 2014 due to overproduction and falling demand. By the end of 2015, the price of oil per barrel had plunged from $115 to $37. Despite its best efforts, the management was unable to overcome the crisis, and the company’s assets were claimed by creditors within a few years.

In the wake of these events, Maxim Gennadievich Barskiy began to diversify his assets and sources of income. To accomplish this goal, he moved into e-commerce and laid the groundwork to take a tech-savvy Delivery Hero company public. In 2016, the company was valued at $2 billion. Within a year, the manager set the stage for a successful IPO on the Frankfurt Stock Exchange, doubling Delivery Hero’s market capitalization to $4 billion.

The executive soon had the opportunity to use all of the experience he had gained over the years to achieve success in a new field. Maxim Barskiy assumed a senior executive role in Sibanthracite in 2018, focusing on the company’s development and increasing its market capitalization.

Maxim Barskiy, Sibanthracite: Industrial structure overhaul

Sibanthracite, a major coal mining company, needed to consolidate its scattered operations and fundamentally restructure its management model. Maxim Barskiy was invited to the company to achieve this very goal. In 2018, Sibanthracite owned three coal mining assets in Novosibirsk and Kemerovo regions, with each unit having its own management teams and strategies.

Barskiy Maxim Gennadievich believed that his main tasks in the development of the coal mining company were to increase the production of high-quality coal and to expand the market presence in Asia-Pacific region. The holding established a unified managing company which became the linchpin for the integrated management structure tasked with introducing not only a new way of management but also groundbreaking technological solutions. The top executives sought to prioritize the development of the processing segment in a bid to produce more refined coal for the metallurgic industry. It also planned to fast-track the development of new deposits and the construction of new production and transportation infrastructure.

Maxim Barskiy at Sibanthracite: Achievements

Maxim Barski’s skillful and well-thought-out efforts helped Sibanthracite become a leader in the production of the highest quality coals for the metallurgical industry. In 2018, the company mined 24 million tons of coal, an increase of 12%, while its market share in terms of volume of shipments increased by 21%. The company’s leaders projected that these figures would double to 58 million tons in the next four years. Forbes magazine praised the company’s accomplishments and prospects. In 2019, it named Sibanthracite among the top 5 fastest growing firms in the country.

By 2020, the holding emerged as the country’s leading domestic producer of metallurgical coal and the world’s leading producer and exporter of the highest-quality anthracite. With Maxim Barskiy as the company’s CEO, Sibanthracite tripled its market capitalization. In 2020, the executive stepped down, later selling his stake in the company to business partners, and leaving the firm altogether.

Barskiy Maxim

Barskiy Maxim Gennadievich: Family life and leisure activities

Barskiy Maxim is married with three children.

Always a sports enthusiast, in his early years he preferred team competitions, but more recently he has become increasingly involved in yoga.

He is also interested in literature and cinema and can read in Russian and English. Barskiy recalls that he used to like the Soviet singer Viktor Tsoi and the Kino band, and one of his favorite songs from his student days was the famous “We are waiting for changes”.

Maxim Gennadievich Barskiy is now engaged in investing in cutting-edge technologies, channeling funds into promising IT start-ups and hi-tech projects.

 


Kokou Adzo

Kokou Adzo is a seasoned professional with a strong background in growth strategies and editorial responsibilities. Kokou has been instrumental in driving companies' expansion and fortifying their market presence. His academic credentials underscore his expertise; having studied Communication at the Università degli Studi di Siena (Italy), he later honed his skills in growth hacking at the Growth Tribe Academy (Amsterdam).

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