Board of Directors
Donald Nicholson II – President
SEAF-SME Investment Management

Donald Nicholson is an American citizen and long-standing resident of Tashkent. He is the regional director of SEAF in which capacity he manages a regional private equity fund sponsored by USAID, the Swiss government and the IFC. He is also an investor in local businesses and real estate. He is a graduate of the Wharton School at the University of Pennsylvania.
Tõnu Grünberg – Vice-President

Tõnu Grünberg is Chief Executive Officer of Ucell (TeliaSonera Uzbekistan). Tõnu has 17 years of experience leading telecommunications companies strategy and execution, with the special skillset in technology. Tõnu’s holds Master of Science (MS Digital Communication Systems and Technology from Tallinn Technical University. He is also a graduate of Chalmers University of Technology, Gothenburg, Sweden, London Business School and Swedish Institute of Management. Tõnu is an inspirational leader who challenges colleagues and staff to look beyond established technology and business models, identify opportunities to expand organisational capabilities, and drive business growth and innovation.
Hugo Minderhoud – Treasurer

Hugo Willem Minderhoud serves as a Country Representative of AKTE LLC in Uzbekistan. He has over 18 years of experience in the CIS and Uzbekistan. Prior to joining AKTE LLC Hugo worked for ABN AMRO group as General Manager and Chairman of the Management Board at ABN AMRO Bank Uzbekistan; Manager of Corporate Finance at ABN AMRO Bank Russia as well as Vice President of Corporate Finance Central and Eastern Europe at ABN AMRO Bank N.V. (The Netherlands). Currently, Hugo serves as Board Director of Unibank Armenia and Independent banking/ financial consultant in Central-Asia. Besides that he is representing two countries serving as Honorary Consul of the Kingdom of the Netherlands and Kingdom of Belgium. Hugo holds a degree in law from the Leiden University, The Netherlands.
David Le Blond

David Le Blond is the Finance Director for the UZBAT JV between British American Tobacco Plc. and the Republic of Uzbekistan. He has lived in nine countries with over 15 years of international business experience with BAT as well as other FMCG companies. Originally from Kentucky he is a Pennsylvania Certified Public Account with an MBA from the University of North Carolina.
Otabek Muhammadiev

Otabek Muhammadiev is a General Director of a PricewaterhouseCoopers Uzbekistan. He started his career in PricewaterhouseCoopers Uzbekistan 15 years ago by actively being involved in audits of key local and multinational manufacturing, banking, telecommunications and public utilities companies across Uzbekistan, Tajikistan and Russia. Starting from 2007, he joined IFRS technical group in PricewaterhouseCoopers in Moscow and was able to successfully consult a large number of PwC clients in Russia, Kazakhstan and CIS countries. After 2 years of his experience, he proceeded with IFRS technical group in Almaty with focus on Caucasus and Asia. Before moving to Uzbekistan in 2012 as an assistant to the office leader of PricewaterhouseCoopers, he practiced audit in Almaty with client portfolio consisting of mainly oil, mining and tobacco manufacturing clients. From July 2015, Otabek took over the position of Uzbekistan office leader. He holds a Master`s Degree by Karshi State University, certified ACCA fellowship as well as statutory office license by Ministry of Finance of Uzbekistan and Central Bank of Uzbekistan.
Mirpayoz Mirsaatov

Mirpayoz Mirsaatov is a long-standing professional in Uzbekistan. He has over 25 years experience in the fields of policy advice, securities/commodity markets, privatization, and agro-industrial development. Since 2002, he has worked as director and ‘crisis manager’ for a number of companies, often brought in to develop and implement new strategies and structural changes before moving on to his next assignment. In 1995, Mirpayoz was selected to serve as Chairman of the Board for Uzbekistan’s newly forming Republican Stock Exchange. At the time, this made him the youngest person in the world serving as Chairperson of a national stock exchange.
Hector Villarreal
GM Uzbekistan Operations

President and Managing Director for GM operations in Uzbekistan, where GM with joint venture partner UzAvtosanoat manufacture world-class vehicles for sale in Central Asia, Russia and neighboring CIS countries. Prior to his current assignment, Hector had served as Vice-President of Planning and Program Management at GM Korea since September 2012. Before moving to Korea, Villarreal was Director of Planning and Program Management for GM in Mexico, Central America and the Caribbean. Hector has twenty-four years of experience in the automotive industry in various functions including Manufacturing, Engineering, Planning, Program Management and Product Development. Villarreal is a Mechanical Engineering graduate from the Monterrey Institute of Technology in Mexico. He holds a Master’s degree in Industrial Engineering from the same institution, where he also served as Professor in the Engineering Department.
Gabil Ahmadov
Coca-Cola Country Operation Manager for Uzbekistan

Gabil Ahmadov took over his Tashkent position in May 2016 in a capacity of Coca-Cola Country Operation Manager for Uzbekistan. Gabil has over 19 years’ experience in the sphere of FMCG with multinational companies in CIS countries including Azerbaijan, Georgia, Russia, Ukraine, Tajikistan, Turkmenistan, Mongolia, Afghanistan and Turkey. Before moving to Tashkent Gabil held a position of Market (Country) Manager in Azerbaijan with The Coca-Cola Company, Caucasus and Central Asia Region. Gabil ‘s previous work experience include leading positions in big multinationals in the sphere of FMCG like Henkel Central and Eastern Europe, Colgate – Palmolive Central Asia, Caucasus and Belarus among others. Gabil speaks Azeri, English, Russian and Turkish.
Tatyana Bystrushkina
Executive Director at AmCham Uzbekistan

As Executive Director Tatyana works closely with business leaders representing over 100 US, multinational and Uzbek corporations in Uzbekistan. Tatyana organizes work of AmCham office, AmCham Uzbekistan programs, supervises staff, coordinates membership drive efforts while managing membership relations and retention. Ms. Bystrushkina holds a MA in International Business Management from Westminster International University in Tashkent , BA in Philology/ Teacher of English and French languages from the Samarkand State Institute of Foreign Languages (2002), a diploma in the intensive MBA type course (professional management program, 2008), as well as numerous certificates and trainings.
Tatyana is dynamic business leader and winner of prestigious leadership awards in Central Asia – Caucasus regional integration. Tatyana has extensive network of high-profile business and political contacts. Networker +4000 business and social entrepreneurs, academics and professionals in the United States, Central Asia, Caucasus , Mongolia, Afghanistan and Middle East.
Timothy Bugansky
U.S. Embassy in Uzbekistan

Timothy Bugansky represents the U.S. Embassy in Uzbekistan as an ex officio, non-voting member on the AmCham Board of Directors. He is a State Department Foreign Service officer covering economic and commercial matters, and he also assists with implementing U.S. Department of Commerce programs in Uzbekistan. He arrived in Uzbekistan in May 2015. His previous Foreign Service postings were to Tijuana, Mexico, and Islamabad, Pakistan. He holds degrees from Kent State University and Ohio University.