OREANDA-NEWS  On 28 October JSC SITRONICS (SITRONICS or the "Group") (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced the decisions made at its Board of Directors' meeting held on October 22, 2008.

The Board of Directors approved the appointment of Oksana Kovalevskaya, Vice President for Strategy, to the Group's Management Board. SITRONICS' Management Board comprises thirteen members as follows:

- Sergey Aslanian - President of SITRONICS, and Chairman of the Management Board

- Marina Zabolotneva - Chief Financial Officer

- Gennady Krasnikov - Head of SITRONICS Microelectronic Solutions

- Alexander Krasovsky - Vice President for Sales and Marketing

- Irina Lanina - Vice President for Corporate Communications

- Oksana Kovalevskaya - Vice President for Strategy

- Mikhail Minkovsky - Vice President for New Technologies

- Konstantin Khachaturov - Vice President for Corporate Development

- Pavel Pavlovsky - Vice President, Head of SITRONICS Telecom Solutions

- Oleg Sherbakov - Vice President for Corporate Property

- Alexandros Manos - CEO of INTRACOM TELECOM

- Sergei Urezchenko - Vice President, Head of SITRONICS Consumer Services and Products Division

- Vladimir Yasinsky - Head of SITRONICS Information Technology

Evgeny Utkin, member of the Board of Directors, was elected Head of the Audit Committee.

In addition, the Board of Directors approved the preliminary terms of a loan agreement with Dresdner Bank AG or its affiliated party.