OREANDA-NEWS. November 29, 2010. Svyazinvest (hereafter, the Company) held a Board of Directors meeting.

The Board of Directors approved the employment agreement with the General Director of the Company Vadim Semenov.  The contract with Vadim Semenov was concluded for 5 years.

The Board of Directors changed the lineup of the Supervisory Board of Svyazinvest, while terminating the powers of Alexey Lokotkov, Viktor Savchenko and Elena Umnova.  At the same time, the following members were elected: Sergey Aleshin as deputy general director, Valentina Veremyanina as executive director/head of the department of corporate governance and legal support, and Bogdan Golubitsky as executive director/head of the department of economic planning and budgeting.

The Board of Directors of the Company also made amendments to the lineup of the Audit Committee attached to the board, terminating the powers of Committee member Elena Umnova.  At the same time, Ilya Ponomarev, executive director and head of the finance department of the Company was appointed as member of the Audit Committee.  The board also considered other issues related to the Company’s internal activities.

The Board of Directors of the Company was attended by the following persons:

Mikhail R. Butrin, managing director, co-director of the investment banking department on global markets, VTB-Capital;

Konstantin V. Malofeev, managing partner of the representative office of MarCap Advisors Limited;

Marlen J. Manasov, member of the Board of Directors of UBS Bank;

Leonid D. Reiman;

Ivan I. Rodionov, professor of State University Higher School of Economics;

Nikita D. Ryauzov, managing director, head of the department of investment banking and financing, MDM Bank;

Igor O. Schegolev, telecommunications minister;

Evgeny V. Yurchenko.