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 RUSSIA IN FACTS
29 April 2004 13:37
Russia: Ex-chief banker says he may become head of Yukos board of directors
Moscow, 29 April: In an interview for RIA-Novosti, [former chairman of the Central Bank] Viktor Gerashchenko has not ruled out that he may become chairman of the board of directors of the Yukos company. Asked how probable his appointment as a member of the Yukos board of directors was, Gerashchenko said, smiling: "If the company's shareholders, having read all sorts of papers in the past two months, do not change their minds, then they will approve my nomination." Yesterday, the Yukos board of directors approved for voting at the shareholders' annual meeting on 24 June the list of candidates to the board of directors. The list includes Gerashchenko. Asked what he can do for the company if elected, Gerashchenko said: "A new face in an organization can see the problems with fresh eyes and propose some improvements." For instance, he said, this quality may be needed when the company seeks to attract more funds on the domestic and foreign markets for further development of its oil fields. Gerashchenko also said that he intended to perform his duties as [State Duma] deputy until he is confirmed as a member of the new board of directors of the Yukos oil company. Talking of his work in the State Duma, he said: "It is interesting here but not productive." [Interfax in Russian at 0933 gmt reported that the list of candidates does not include the current management of Yukos. Simon Kukes, chairman of the board and chairman of the board of directors, is not among the candidates but will continue as chairman of the board.]
[RIA news agency]
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