OREANDA-NEWS. On October 03, 2007 JSC SITRONICS (“Sitronics” or “The Company”) (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced the appointment of Sergey Aslanyan as President and Chief Executive Officer, with immediate effect. Mr. Aslanyan previously held the position of Vice President for Network and Information Technology at Mobile TeleSystems OJSC, reported the press-centre of SITRONICS.

 Denis Muratov, Chairman of the Board of Directors of SITRONICS, commented: “This new appointment reflects SITRONICS position as a leading domestic and international technology solutions provider. We have successfully expanded our operations, both geographically into new markets and through the introduction of new products and services, in order to provide highly competitive solutions to an ever growing blue-chip customer base. Sergey Aslanyan is a highly experienced professional with a successful track record. His appointment is intended to enable us to build even more effective relationships with our various stakeholders, to streamline and further expand our businesses, and to maximise the opportunities created by SITRONICS’ market positions.”
 
Sergey Aslanyan added: “This is a great opportunity to work with a highly professional team to realize the Company’s significant potential. SITRONICS has all the necessary resources to offer highly competitive and customised technological solutions and, thereby, to consolidate its leading position in the Russian technology industry and expand its operations internationally.”
 
Sergey Aslanyan has served as Vice President for Network and Information Technology at Mobile TeleSystems OJSC (“MTS”) since July 2006, prior to which he was MTS Vice President for Information Technology from December 2003.  Mr. Aslanyan worked as Deputy Director of Information Technologies at “TNK-BP Management” (formerly OJSC Tyumenskaya Oil Company) between 2001 and 2003, having been a Consultant at PriceWaterhouseCoopers from 1997 until 2001. Mr. Aslanyan graduated from Lomonosov Moscow State University with a degree in mathematics, and is a member of the Russian Advisory Committee of the Intel Corporation.