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Shareholders of the Federal Grid Company have appointed Mr. Oleg Mikhailovich Budargin the new Chairman of the Management Board of JSC “FGC UES”. Mr. Budargin was appointed the Acting Chairman of the Management Board on the 11th of July, 2009 by the Board of Directors of the Company. According to the Articles of association of the JSC “FGC UES” the decision to appoint the Chairman of the Management Board is made by the general meeting of shareholders. The decision to convene the general meeting of the shareholders to discuss the issue of appointing the Chairman of the Management Board of JSC “FGC UES” and nominate Mr. Oleg Mikhailovich Budargin as a candidate for this position was made by the Board of Directors of the Company at the meeting which took place on the 17th of September, 2009.
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