Moscow, Russia - May 30, 2013 - Sistema JSFC ("Sistema", the "Group" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that its Board of Directors has recommended the Annual General Meeting (AGM) the following composition of the Board:
- Vladimir Evtushenkov
- Alexander Goncharuk
- Sergei Boev
- Brian Dickie
- Marc Holtzman
- David Iakobachvili
- Dmitri Zubov
- Robert Kocharyan
- Jeannot Krecke
- Peter Mandelson
- Roger Munnings
- Mikhail Shamolin
- Serge Tchuruk
The Board recommended two new candidates to the Board of Directors - Sergei Boev and Peter Mandelson - who will replace Vyacheslav Kopiev and Evgeny Novitsky. The size of the Board and the level of independent directors will remain unchanged totalling 13 and 8 members, respectively. The agenda for the AGM, scheduled to be held on June 29, 2013, has been updated accordingly.
In addition, the Board has also approved the following new appointments to Sistema's Management Board with effect from June 1, 2013:
- Vsevolod Rozanov appointed as Senior Vice-President and Chief Financial Officer;
- Alexey Buyanov appointed as First Vice-President, Portfolio Manager;
- Alexey Chupin appointed as Vice-President, Portfolio Manager.
Vsevolod Rozanov was previously CEO of Sistema Shyam TeleService Limited ("SSTL"), Sistema's Indian Telecom subsidiary, where he led the launch of the services and development of the company into one of the leading data players in the country. Prior to his role in India, Vsevolod held CFO positions at MTS, Comstar-UTS and MTU-Inform. The Board of Directors of SSTL earlier approved appointment of Dmitry Shukov as CEO of SSTL. Dmitry formerly held senior management positions at Tele2 Russia and MTS.
Alexey Buyanov as First Vice-President will be responsible for Sistema's portfolio comprised of financial services investments. With over 15 years of financial sector experience, including CFO position at Sistema and Vice-President for Investments and Securities at MTS, Alexey will oversee Sistema's investments in MTS Bank, East West United Bank and Trust Investment Company and development of other financial instruments for the Group.
Alexey Chupin as Vice-President will be responsible for Sistema's investments in Medsi, and Binnopharm. Alexey was previously CEO of Binnopharm, Sistema's pharmaceutical business.
Sergei Boevis currently CEO of RTI. Sergei graduated from the All-Union Juridical Institute, the Moscow Management University n.a. S. Ordzhonikidze, and completed graduate courses at USSR State Planning Committee. From 1971 to1999, he worked in the Mints Radio Technology Institute, establishing a career from apprentice to CEO. Since 2000, Sergei held CEO and Board positions at RTI Concern. From 2008 to 2011, Sergei was Vice- President of Sistema responsible for non-public assets and high-technology division. In 2008, he was appointed Chief Designer of Prefabricated Radar Stations. In 2012, Sergei was appointed Chief Designer of the National Missile Warning System.
Lord (Peter) Mandelsonis a former European Trade Commissioner and British First Secretary of State. He was the European Trade Commissioner between 2004 and 2008, when he negotiated trade agreements with many countries and led European negotiations in the WTO Doha World Trade Round. He was a Minister without Portfolio, Secretary of State for Trade and Industry, Northern Ireland Secretary and Secretary of State for Business, Innovation and Skills in the British government under Tony Blair and Gordon Brown between 1997 and 2010. He was a Member of Parliament for Hartlepool in the UK from 1992 until 2004 and Director of Campaigns and Communications for the Labour party between 1985 and 1990. He is also President of the Policy Network think tank, Chairman of Global Counsel and Chairman of Lazard International.