OREANDA-NEWS. On 01 June 2009 URALSIB Leasing company (URALSIB Leasing or Company), a subsidiary of BANK URALSIB, announced that Oleg Litovkin has been appointed CEO of URALSIB Leasing company and Elena Gushchina has been appointed Deputy Chairman of the URALSIB Leasing Board of Directors.

On May 19, 2009, the Board of Directors of the URALSIB Leasing company decided to appoint Oleg Litovkin CEO of URALSIB Leasing company. Elena Gushchina, who had headed the Company since January 2007, Deputy Chairman of the URALSIB Leasing Board of Directors. In her new position, Elena Gushchina will be in charge of a range of key Company’s projects.

Commenting on the above-mentioned decisions, the Chairman of the Company’s Board of Directors Andrey Donskikh remarked that URALSIB Leasing was top-1 by the new business volume at the Russian leasing business market and took the leading positions in key segments and RF regions in 2008. Last year the market share of the Company at the Russian leasing business market doubled and reached 6.4% vs 2007.

Andrey Donskikh expressed gratitude to Elena Gushchina for her achievements at the position of the URALSIB Leasing CEO and conveyed the confidence that her activities as a member of the Board of Directors would allow the Company to keep leading positions at the market.

According to Andrey Donskikh’s opinion, Oleg Litovkin possesses all knowledge and competences necessary for the further implementation of the Company’s development strategy. Mr. Donskikh also identified the key priorities for the new CEO to act on: new business volume expansion, operating lease integration, toxic assets management, and performance improvement.