Moscow, Russia – May 23, 2016– Sistema JSFC (“Sistema” or “the Company”) (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces the resolutions adopted at a meeting of the Board of Directors of JSFC Sistema that took place on May 21, 2016.
The Board of Directors approved the list of 11 candidates for election to the new Board of Directors of JSFC Sistema at the Annual General Meeting of shareholders (AGM) of JSFC Sistema to be held on June 25, 2016. Six of the 11 candidates fulfil the criteria for independent directors as set out in the Federal Law on Joint-Stock Companies, and by Moscow Exchange and the Russian Corporate Governance Code.
The list of candidates for the Board of Directors of JSFC Sistema comprises:
- Vladimir Evtushenkov
- Sergei Boev
- Andrey Dubovskov
- Felix Evtushenkov
- Patrick Clanwilliam (independent director)
- Robert Kocharyan (independent director)
- Jeannot Krecké (independent director)
- Peter Mandelson (independent director)
- Roger Munnings (independent director)
- Mikhail Shamolin
- David Yakobashvili (independent director)
The Board of Directors also elected Artem Zasursky, Vice President and Head of Strategy of JSFC Sistema, to the Company’s Management Board.
Artem Zasursky has worked in the JSFC Sistema Group of Companies since 2011. He has served as development director of Stream LLC, vice president for development of SMM LLC and CEO of Stream LLC. From 2007 to 2011 he was CEO of LLC Dragonara, from 2005 to 2006 served as acting director of LLC Territoriya Igr, and from 20023 to 2003 was head of developments at Crossmedia Solutions. He is a graduate of Moscow State University in social and economic geography.
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