Rostelecom May Extend CEO’s Contract Five Years, Kommersant Says

OAO Rostelecom, Russia’s state telecoms holding, may extend Chief Executive Officer Alexander Provotorov’s contract for five more years, Kommersant reported.

The CEO’s salary may be tripled to 3.1 million rubles ($98,000) per month, the Moscow-based newspaper reported today, citing company documents.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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