Russian Bankers May Replace Officials on Boards, Kommersant Says
Bankers including Morgan Stanley (MS)’s Rair Simonyan may be chosen to replace state officials on the boards of Russian state-owned companies, Kommersant reported, citing unidentified government officials.
Candidates for other directorships include Alexander Shokhin, the head of the Russian Union of Industrialists and Entrepreneurs, who may become OAO Aeroflot’s chairman, Kommersant said. Ernst & Young’s Alexander Ivlev may replace Energy Minister Sergei Shmatko on pipeline operator OAO Transneft’s board, according to the newspaper.
President Dmitry Medvedev on April 2 issued an order to remove by July 1 eight deputy prime ministers and ministers from the boards of major state-run companies that they also regulate as cabinet members.
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