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Armenian Ex-President Nominated For Sistema Board

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  • Armenian Ex-President Nominated For Sistema Board

    ARMENIAN EX-PRESIDENT NOMINATED FOR SISTEMA BOARD

    Interfax
    May 28 2009
    Russia

    Robert Kocharyan, the former president of Armenia, has been nominated
    for independent director on the board of AFK Sistema (RTS: AFKS).

    Shareholders will elect the new board of directors at the AGM on
    June 27.

    Sistema President Leonid Melamed and a co-founder of Shyam Telelink,
    Rajiv Mehrotra, are candidates for the board for the first time.

    Incumbent directors who are candidates including Sistema's principle
    owner, Vladimir Yevtushenkov; company first deputy vice president
    Alexander Goncharuk; Dmitry Zubov; Vyacheslav Kopiev; Yevgeny Novitsky;
    and independent directors Alexander Gorbatovsky, Ron Sommer and Stephan
    Newhouse. The other candidates are Lord Robert Skidelsky and Sistema
    vice president Sergei Cheremin.
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