OREANDA-NEWS. On the 17th of December, this year’s last meeting of the Board of Directors of OJSC KAMAZ under the chairmanship of Sergey Chemezov, Director General of State Corporation Rostekhnologii (Rostec), took place in Moscow.

The Board of Directors of OJSC KAMAZ approved the 2014 business plan of KAMAZ Group in accordance with which the company plans to sell 43 thousand vehicles next year and receive a net profit of 3.35 billion roubles with proceeds of about 112 billion roubles.
The Board also took a decision to rename the Audit Committee of KAMAZ Board of Directors the Budget and Audit Committee of KAMAZ Board of Directors in view of expansion of terms of reference of the committee to the sphere of financial and budgetary management and approved the Terms of Reference on the Budget and Audit Committee of KAMAZ Board of Directors.

Besides, it was decided that Evgeny Pavlovich Pronin will cease exercising his authority as a member of the Management Board of OJSC KAMAZ and Pavel Vladimirovich Kanichev will be appointed a member of the Management Board of OJSC KAMAZ.
In conclusion, the Board approved interested party transactions.