On October 26th, 2009, JSC RusHydro (ticker symbol: HYDR; MICEX, RTS and LSE) conducted a Board of Directors’ meeting, in absentia.
The Company’s Board of Directors terminated the authority of Management Board members S.A. Yushin and A.V. Toloshinov and appointed D.F. Kuznetsov and A.P. Konovalov to the Management Board.
Andrei Pavlovich Konovalov was born November 6th, 1958. In 1981, Mr. Konovalov graduated from the Leningrad Engineering and Construction Institute with a degree in industrial and civil construction. In 1982, he successfully passed the one-year scientific practice period and started graduate studies at the same Institute. In 1986, Mr. Konovalov defended his ph.D. dissertation. From 1986 — 1989, he was engaged in scientific and teaching work. From 1989 1992, he was employed as the chief engineer at the "Energostroiindusty" Association. Mr. Konovalov then worked as the general director for the non-governmental pension fund "KGES-Penfo" from 1995 — 1998. During the same period, he was also a member of the JSC "Krasnoyarsk HPP" Board of Directors. From 1998 — April 2008, Mr. Konovalov was employed as the director for economics and finance at JSC "Krasnoyarsk HPP." From April — May 2008, he served as the first deputy general director and the director for economics and finance at JSC "Irkutskenergo." Since May 2008, he has served as the general director and Chairman of the Management Board at JSC "Irkustkenergo." Mr. Konovalov was a member of the JSC "Krasnoyarskenergosbyt" Board of Directors from 2007 — 2008. Mr. Konovalov completed his MBA in Finance, specializing in controlling risks at energy companies, at The Academy of the National Economy (ANE) under the Government of the Russian Federation. He has been awarded the title of Honorable Power Engineer of the Russian Federation. Mr. Konovalov is also a deputy for the Irkutsk Regional Duma (Legislative Assembly).
David Felixovich Kuznetsov was born March 29th, 1963. In 1988, Mr. Kuznetsov graduated from the economic cybernetics department at the Moscow Institute of Natural Economy (named after Plekhanov) with a degree in economics-mathematics. Following university, from 1990 — 1993, he served as the deputy director of a Trade Union Fund for social guarantees and employment. From 1993 — 1995, he was employed as the executive director of an economic policy Fund and also worked as a research associate at the laboratory focused on privatization problems and property structure and as a junior research associate at the laboratory for structural property changes in the Institute for the Economy in Transition (IET). Since 2007, Mr. Kuznetsov has served as the deputy chairman of the Board of Directors of JSC "First United Bank," as well as being a member of the Bank’s Board of Directors and head of the Strategic Planning Committee. During the same period, he also was employed as the deputy general director for OOO "LEVIT" and headed the Company’s Moscow representative office. From 1995 — 2006, Mr. Kuznetsov held different leading positions in JSC "Alfa-Bank" — from serving as the vice president - division head for client relations with companies in the natural gas and construction complex sectors, to the senior vice president - head of the department for working with corporate clients in the natural gas industry.