JSC MRSK Holding (MRSK) - Yantarenergo General Director appointment
RNS Number : 2343P
22 October 2012
JSC Yantarenergo Board of Directors Appoints General Director
22 October 2012. Moscow, Russia. - MRSK Holding (LSE: MRSK) ("the Company"),
the largest electricity distribution grid company in Russia, today announces
that Igor Makovsky has been appointed Director General of JSC Yantarenergo
("Yantarenergo"), a wholly owned subsidiary of the Company, effective 19
October 2012. Prior to this appointment, Igor Makovsky served as Acting
Director General of Yantarenergo.
The appointment follows the meeting of Board of Directors оf Yantarenergo held
Prior to joining Yantarenergo, Mr Makovsky served as Director General of OOO
ZhBI-1 Plant. Between 2010 and 2011, he was Deputy Head of the North-West
division of the Federal Service for Ecological, Technological and Nuclear
Supervision in Kaliningrad, Russia. From 2006 until 2010, Igor Makovsky was
Director of the Regional Power Company, a regional state unitary enterprise.
He also served as a member of Kaliningrad's District Council of Deputies
between 2009 and 2010. Between 2005 and 2006, Igor Makovsky was Chairman of
the Management Board (Director General) of OOO European Industrial Group.
For further information:
Maria Stepanova, Head of IR +7(495) 995 53 33 ext 64 27
Larisa Millings / Marc Cohen +44 20 7831 3113
Oleg Leonov / Maria Shiryaevskaya +7495795 0623
MRSK Holding is the largest electricity grid distribution company in Russia
and, the Company believes, one of the largest electricity grid distribution
companies in the world by length of distribution lines and installed
transformer capacity. MRSK Holding holds interests in and manages 11
interregional and five regional distribution grid companies in Russia. As at
31 December 2011, MRSK Holding together with its subsidiaries owned and
operated approximately 2.1 million kilometres of electricity distribution
lines with a total installed transformer capacity of approximately 395 GVA.
Through its subsidiaries, the Company operates in 69 regions of Russia,
covering an area of approximately 7.8 million square kilometres occupied by
approximately 85 percent of Russia's total population according to Rosstat.
The Company reported revenues of RUB 302.7 billion and net profit of
RUB15.6billion for the first half of 2012.
Some of the information in this press release may contain projections or
other forward-looking statements regarding future events or the future
financial performance of MRSK Holding. 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. 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 industry, as well as many other risks specifically related to MRSK Holding
and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
RDNZMMZGFZVGZZM -0- Oct/22/2012 13:29 GMT
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