07 June 2004 10:47
AEROFLOT SHAREHOLDERS ELECT NEW BOARD
MOSCOW. June 7 (Interfax) - Shareholders of Aeroflot, Russia's flag carrier, elected a new eleven-member board
of directors, including six government representatives, at their AGM.
Alexander Zurabov, the former board chairman, said at the meeting that he was voluntarily withdrawing his name from
the list because he does not agree with the company's development strategy. Zurabov said he had explained his
position in more detail to Prime Minister Mikhail Fradkov.
The new board of directors consists of former Deputy Minister of
Economic Development and Trade Yury Isayev, FSB employee Georgiy
"There is a lot of interesting work right now. I will most probably set up my own business," Zurabov, who
has worked for Aeroflot for more than five years, told Interfax.
Kornilov, former first Deputy Transport Minister Alexander Neradko, Deputy Head of the Government Administration
Mikhail Kopeikin, acting Deputy Finance Minister Andrei Petrov, and aide to the presidential chief of staff Yevgeny
Shkolov, an Interfax corespondent who was at the meeting said. Deputy Chairman of the National Reserve Bank Leonid
Dushatin and the bank's vice presidents Mikhail Butrin and Vladimir Sablin were also elected to the board.
Aeroflot General Director Valeriy Okulov and First Deputy General Director Vladimir Antonov were also elected to the
board.
The Russian government nominated its own representatives to the Aeroflot board before the beginning of government
reforms, therefore many of these candidates are no longer government employees. Thus, the Aeroflot board of directors,
at the National Reserve Bank's initiative, decided to hold an extraordinary shareholders meeting on July 24 to
reelect the board and an internal audit commission.
The previous board of directors also had 11 members, including six government representatives, three National Reserve
Bank representatives and two private shareholders, most of which are airline employees.
The Russian government controls 51.17% of Aeroflot, the National Reserve Bank has around 30% and private investors
own 10.62%.
[Interfax] |
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