Sistema Elects Former Armenian President Kocharyan to Board

Shareholders of AFK Sistema (SSA), Russian billionaire Vladimir Yevtushenkov’s holding company, elected Robert Kocharyan, Armenia’s former president, to the board.

Kocharyan was elected as one of the four independent non- executive directors on Sistema’s board, which has a total of 13 members, the company said in a statement today.

To contact the reporter on this story: Maria Ermakova in Moscow at mermakova@bloomberg.net.

To contact the editor responsible for this story: Lars Klemming at lklemming@bloomberg.net

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