Results of the Board of Directors on March 16, 2015
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on March 16, 2015.
The Board of Directors increased the number of RusHydro’s Management Board members from 5 to 6 effective March 16, 2015, and appointed Sergey Kirov, Deputy General Director responsible for economics, investments and procurements, to a position of a member of the Company’s Management Board.
The increase in the number of the Management Board members is aimed to enhance the financial and economic unit of RusHydro in the current unfavorable economic conditions.
The Board of Directors also approved combining positions of the Management Board member of RusHydro by Sergey Kirov and the member of the Board of Directors of the following companies:
Sergey Kirov was born in 1976. In 1998, he graduated from the Perm State Agricultural Academy majoring in Economics. He has over 16-year experience in power sector.
Sergey Kirov joined RusHydro in 2010, and till October 2014, he held a position of Director for economics. In October 2014, he was appointed Deputy General Director responsible for economics, investments and procurements of RusHydro.
The information on other decisions of the Board will be disclosed in compliance with regulatory requirements.
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 "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 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.
Shares / ADR