OREANDA-NEWS. October 4, 2012. October 01, 2012 Manfred Eibeck, former COO of Russian Machines OJSC, appointed Director General of the company.

Manfred Eibeck has been appointed the company’s CEO as part of a long-term strategy aimed at a wide scale implementation of western corporate governance standards in Russian Machines’ perimeter and reinforcing the management team with

international level manufacturing experts.

As the new CEO Manfred Eibeck will focus on building up strategic partnership with leading international manufacturers along the key lines of Russian Machines’ businesses, bringing in the best governance practices and corporate culture. Another important aspect will be introduction of modern technologies and modernization of existing production capacities.

S. Wolf, Chairman of the Board of Directors of Russian Machines OJSC: “Manfred Eibeck has enormous experience of managing automotive business. With him as CEO the corporation will start new and continue earlier announced large scale

projects along all the lines of its business including further development of global international partnerships, launching new products and penetrating new markets”.

Alexander Filatov, who had been Russian Machines’ CEO since August 2010, will stay in the corporation as Director General of RM-Terex joint venture. This JV is aimed to become one of the main RM growth points due to the accelerated export development and the full implementation of synergies with Terex Corporation.