OREANDA-NEWS. On 22 August 2008 was announced, that the meeting of KAMAZ Board of Directors which took place on 14 August 2008 discussed all issues on the agenda and made decisions.

The representatives of the owners of KAMAZ Inc. took into account information about implementation of the business plan of KAMAZ organizations for 5 months and tentative results of the first half year of 2008. Director General Sergey Kogoghin made a report about negotiations with Daimler AG (Germany) as a potential strategic partner of KAMAZ Inc.

Committee of KAMAZ Board of Directors on Audit was formed of three incumbent members of KAMAZ Board of Directors. It includes Freelance Consultant Terrence O’Rourke, CEO of ZAO “Financial Broker “Troika-Dialog” Sergey Skvortsov, Mayor of Naberezhnye Chelny Ildar Khalikov. Ildar Khalikov is elected Committee Chairman.

Committee of KAMAZ Board of Directors on Personnel and Compensation was also formed of three people. It includes Deputy Director General of State Corporation “Rostekhnologii” Igor Zavyalov, Chairman of KAMAZ Trade Union Committee Gumer Nuretdinov, Freelance Consultant Ronald Freeman. Igor Zavyalov became Committee Chairman.

Board of Directors approved the plan of its work for the period from August 2008 to July 2009.

With a view to realization of the item of the RF President’s Decree from 4 June 2008 № 889 “About some measures for increase of energy and ecological efficiency of the Russian economy” it is recommended that Director General of KAMAZ Inc. should develop energy conservation program of KAMAZ Inc. and submit it to KAMAZ Board of Directors and Federal Agency of State Property Management by 15 October 2008 and also bring the respective issue up for discussion at the next meeting of KAMAZ Board of Directors.

KAMAZ Board of Directors also made decisions on some issues concerning the company’s activity.