Appointment of General Directors at SubsidiariesSource: RNS
Appointment of General Directors at Subsidiary companies
19 September 2018. Moscow, Russia. PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that Igor Makovsky has been appointed General Director of PJSC IDGC of Centre beginning 19 September 2018.
Nikolay Zuev has been appointed General Director of JSC Yantarenergo beginning 24 September 2018, with Irina Redko appointed as Acting General Director of JSC Yantarenergo for the period from 19 to 23 September.
The appointments were decided by simultaneous meetings of the Boards of Directors of the Subsidiaries on 18 September 2018.
Igor Makovsky has had extensive experience in management since 1999, particularly as the General Director of JSC Yantarenergo since October 2012.
Nikolay Zuev's vast management experience in the industry began in 2000, most notably as the General Director of JSC KRASECO since December 2014 and as the General Director of OJSC e2 from 2011 to 2013.
Irina Redko also has extensive management experience in the industry, in particular as the Acting Deputy General Director of JSC Yantarenergo since 2013. She was appointed Deputy General Director of JSC Yantarenergo, beginning January 2017.
For further information:
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)
Maria Novokreschenova +7 (495) 225 0335
Yaroslav Gryaznov +7 (495) 225 0335 (ext. 1010)
Public Joint Stock Company ROSSETI (PJSC ROSSETI) is one of the largest electric grid companies in the world. The Company manages 2.34 million kilometers of power lines and 502,000 substations with more than 781 GVA of transformer capacity. The number of the ROSSETI Group's employees is 215,000.
ROSSETI comprises 36 subsidiaries and dependent companies, including 14 interregional grid companies and one transmission grid company. The controlling shareholder with an 88.04% stake in the Company is the government represented by the Federal Agency for State Property Management of the Russian Federation.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC ROSSETI. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might", the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC ROSSETI and its operations.
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