OREANDA-NEWS. November 9, 2012. RBC OJSC (MICEX-RTS: RBCM) hereby announces the creation of a president's office within its organizational structure. In line with the current arrangements, Derk Sauer will become President of RBC OJSC once all the necessary formalities are addressed and a relevant approval is received from the Federal Migration Service of the Russian Federation. As RBC's President, Derk Sauer will be responsible for the company's strategic development, outlining priorities concerning acquisitions of new assets and promoting cooperation with the company's key global partners. RBC OJSC also announces that Derk Sauer gave his prior consent to be nominated to RBC's Board of Directors at an extraordinary general meeting of shareholders scheduled for December 10, 2012.

"We are glad that Derk Sauer, one of the most experienced professionals in the Russian media industry, is joining our team. I'm confident that with Mr. Sauer's arrival RBC will enter a new phase of active development,” Valery Senko, Chairman of RBC's Board of Directors, pointed out.

"I'm greatly honored by the opportunity to lead a unique media company, which has great potential. Hopefully my experience will help RBC fulfill its potential by building on internal resources as well as shifting to a more aggressive approach to boost its market share,” Derk Sauer said.