Moscow, 26 April 2004. Today, the Management Board of RAO "UES of Russia" held its 1000th meeting since the Company's establishment in 1993.
During the period, the Management Board considered over 3,500 questions relating to the key aspects of the Holding's activity in different phases of its history: anti-crisis management of regional energos, improving the financial position of the Holding's entities, restructuring of RAO "UES of Russia", its subsidiaries and dependent companies, etc.
At today's meeting, the Management Board considered the Annual Report of RAO "UES of Russia" for 2003, which will be submitted for approval of the Board of Directors of RAO "UES of Russia" on 21 May 2004, and then for approval by the Company's shareholders at the AGM scheduled for 30 June. Besides, the Management Board of RAO "UES of Russia" thanked Deputy Chairman of the Management Board Leonid Melamed, who is leaving the Company effective 1 May, for the work done by him.
The Chairman of the Management Board Anatoly Chubais said that during his stay in RAO UES, Leonid Melamed made a significant contribution to improving the financial stability of the Holding, transforming it into a modern, efficiently managed company, and the development and implementation of the electric power industry reform program. His latest project ľ development of a new governance structure of RAO "UES of Russia" for the restructuring period ľ will undoubtedly promote further development of the Company.