OREANDA-NEWS. January 19, 2012. The Board of Directors has formed a new Executive Board of JSC USC. According to the UAC’s Development Strategy adopted in 2011, formation of a new Executive Board of the Corporation responds to the task of consolidation of the operational management of the programs on the level of the corresponding directorates within the Corporation with a view to create existing and perspective products within the UAC’s product range, reported the press-centre of UAC.

Members of a new Executive Boards are as follows:

Mikhail Pogosyan – President of JSC UAC, Chairman of the Board,

Oleg Demchenko – Senior Vice-President of JSC UAC,

Leonid Komm – Vice-President of JSC UAC for Aviation Programs and Innovations,

Alexander Tulyakov – Executive Vice-President of JSC UAC,

Vladimir Chirikov – Vice-President of JSC UAC for Economics and Finance,

Alexander Lyagushkin – Director of Civil Aviation Programs Directorate,

Vladimir Mikhailov – Director of Military Aviation Programs Directorate,

Nikolai Savitskikh – Director of Special Purpose Aviation Programs Directorate,

Sergey Sergeev – Director of Transport Aviation Programs Directorate,

Alla Vuchkovich – Director of Human Recourses Department.

The Board of Directors of JSC UAC has also approved the Regulation on Purchasing of JSC UAC. The document is aimed at raising the share of competitive procedures’ in the overall volume of UAC’s purchases, raising competitiveness among suppliers, and thus optimizing cost of products and services purchased by UAC. The Regulation on Purchasing was developed within the requirements of the Federal Law of July 18, 2011 #223-FZ “On the Purchase of Goods, Works, Services for Individual Types of Legal Entities” that entered into force on January 1, 2012.

The Board of Director considered and approved a number of UAC`s related party transactions (transactions with its subsidiaries, which are aimed at financing their operation activities and technical re-equipment.