Results of the Board of Directors elected Victor Khmarin to the Management Board
December 27, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on December 24, 2018.
The Board of Directors determined composition of the Management Board of seven members and unanimously elected Victor Khmarin, Deputy General Director for resources and prospective development, to the Management Board.
The appointment enters force on January 16, 2019.
His appointment is related to RusHydro’s increased focus on resources supply and procurement, and long-term development of RusHydro Group, including development and execution of Long-term program of substitution of retired capacity and development of energy system of the Far East.
Victor Khmarin works in PJSC RusHydro in capacity of Deputy General Director since March 2015. He graduated from the law department of St. Petersburg State University in 2000. Before joining RusHydro he worked at management positions in a number of commercial entities.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as 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 from these statements. 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 industries, as well as many other risks specifically related to RusHydro and its operations.
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