OREANDA-NEWS. February 27, 2010. Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company announces key personnel appointments in the Company. Andrei Skvortsov has been appointed the First Vice President - Director of the Finance Department, and Evgeny Borkin - the Vice President for Strategy and Development of OJSC Sistema-Hals.

"Today the Company faces serious challenges in strengthening its market position and further development. We are glad to welcome to our management team such professionals as Andrei Skvortsov and Evgeny Borkin. A long-term experience of Mr. Skvortsov in the field of finance will contribute to an efficient raising of funds to finance our projects, as well as competent management of the current debt structure of Sistema-Hals, while practical skills and an impeccable reputation of Mr. Borkin in the real estate market will be invaluable for developing company's strategy", - commented Andrey Nesterenko, Sistema-Hals President.