The Board of Directors of IDGC of the North-West, JSC (subsidiary company of Rosseti, JSC) has considered shareholders’ proposals and approved of the list of candidacies for voting on election to the Board of Directors of the Company. 22 candidates were put forward for the 11 seats.
Of them, eleven persons were proposed by Rosseti, JSC (holder of 55.38 % stake in the Company) while the other eleven are candidacies nominated by minority shareholders including Energosouz Holdings Limited (5.65 %), Energyo Solutions Russia (Cyprus) Limited (16.41 %), Lancrenan Investments Limited (4.99 %).
On the list of candidacies proposed by Rosseti, JSC are: Director of the Capital Construction Department of Rosseti, JSC Mikhail Bychko, Chief Advisor of Rosseti, JSC Svetlana Zholnerchik, Deputy Head of the Administration for Development of Regulatory Legal Instruments of the Legal Support Department of Rosseti, JSC Vladimir Katorov, Director of the Corporate Finance Department of Rosseti, JSC Valery Krasnikov, Head of the SDCs Economy Administration of the Economic Planning and Budgeting Department of Rosseti, JSC Marina Lavrova, General Director of IDGC of the North-West, JSC Alexander Letyagin, Deputy General Director of Public Joint-Stock Company “Federal Testing Center” Andrey Mamontov, Head of the Administration for Organization of Electrical Equipment Operation of the Production Assets Management Department of Rosseti, JSC Sergey Petrov, Head of the Administration for Attestation and Interaction with Equipment Producers of the Department for Work with Equipment Producers of Russian Grids, JSC Andrey Snitsky, Head of the Administration for Interaction with Shareholders and Investors of the Department for Corporate Governance and Interaction with Shareholders and Investors of Rosseti, JSC Mariya Stepanova, Deputy Director of the Electric Power Industry Development Department of the Ministry of Energy of Russia Anton Erdyniyev.
Energosouz Holdings Limited proposed to include in the list of candidacies for electron to the Board of Directors of IDGC of the North-West, JSC Deputy General Director for Strategy and Development of Investment Holding “E-Union”, CJSC Tatyana Dronova, Director for Corporate Policy and Work with Shareholders of Elektrotsentronaladka, JSC Alexey Zharikov and General Director of Soyuz-Invest, LLC Maxim Savelyev.
On the list of candidacies put forward by Energyo Solutions Russia (Cyprus) Limited are: Executive Director of the Professional Investors Association Alexander Shevchuk, pro bono advisor to CEO of the Federal Agency for State Property Management (Rosimushchestvo) Oleg Fedorov and Deputy Executive Director of the Professional Investors Association Sergey Pokrovsky. The candidacy of the latter was also proposed on the part of Lancrenan Investments Limited.
Additionally, Lancrenan Investments Limited proposed to include in the composition of the Board of Directors of IDGC of the North-West, JSC Deputy Executive Director of the Professional Investors Association Igor Repin, Financial Director of SoftBiCom, LLC Vladimir Dudchenko and three representatives of Prosperity Capital Management (RF) Ltd: Director of the Company Alexander Branis, Director for Corporate Governance of the Company’s representative office Denis Spirin and the representative office Co-Director for Power Industry and Machine Building Roman Filkin.
Additionally, the voting list for election of the Auditing Commission of IDGC of the North-West, JSC was approved of. 6 candidates have been nominated for the 5 positions.
Election to the Board of Directors will take place at the annual General Meeting of Shareholders of the Power Grid Company the date whereof is to be determined in May 2015 at a regular session of the Board of Directors.
