The President of Sistema’s Shamolin has left the Board of Directors of MTS

Moscow. June 29. INTERFAX.RU – MTS Shareholders at the annual meeting on Thursday elected a new Board of Directors, the correspondent of “Interfax”. From the previous composition to the new was not nominated President AFK “System” (holding which controls MTS) Mikhail Shamolin.

His place was taken by Vice-President – head of complex on the strategy of AFK Artem Zassoursky.

The representative of “the System” noted that care samolina from the Council MTS – “normal rotation of top managers of the AFC in the composition of the boards of Directors of controlled assets.”

In addition, the new structure was re-elected Chairperson of the previous Council, former President of Deutsche Telekom and head of the Board of Directors of the Indian Sistema Shyam Teleservices (“daughter” AFK) Ron Sommer, President of MTS Andrei Dubovskov, Vice President and CFO of “the System” Vsevolod Rozanov, Vice-President of the AFC, managing Telecom assets, Alexander Gorbunov. As independent candidates to the Board elected the adviser of the President of AFK Regina a background Fleming and Thomas Holtrop, Michelle Combs and Stanley Miller.

On the eve the international rating Agency Fitch placed on Rating Watch negative the ratings of AFK Sistema and MTS. This happened after the court decision on the seizure of some assets of the “System”, including its 31,76% stake in MTS, in proceedings on the claim of “Rosneft”.