Serdyukov will not participate in the management of Rostec

Serdyukov familiar with the specifics of the activities of the Corporation, but his new position includes participation in the work of the administration, explained in a press-service of Rostec.

MOSCOW, 29 Oct. The functionality of the former Russian defense Minister Anatoly Serdyukov in the “Rosteh” does not imply the participation in the management bodies of the Corporation, reported the press service of Rostec.

On Thursday the Corporation reported that Serdyukov was appointed industrial Director of the aviation cluster of Rostec. “From 2007 to 2012, Serdyukov headed the Supervisory Board of Rostec, he is familiar with the specifics of the activities of the Corporation. Recently Serdyukov was appointed Advisor to the first Deputy CEO of Rostec. Functionality Serdyukov includes participation in the management bodies of the state Corporation”, — explained in the assistance.

Under the new organizational structure from January 1, 2015, the assets of Rostec categorized in the seven industrial complexes, each of which is responsible of the industrial Director.

In the area of responsibility of managers is the creation of the strategic plan of the industrial complex, control over efficiency of investments, assessment and minimization of risks, enhancement of staff capacity, as well as regular audit of holding companies included in the production Association.

Serdyukov left the defense Ministry after disclosing large-scale schemes of plunders of state ownership in the Ministry. As a result, in 2012, initiated the so-called case of “Oboronservis”, a key defendant who was a former official of the defense Ministry Evgenia Vasilyeva, who received five years in prison for embezzling over 800 million rubles. In August, the court dismissed Vasilyev parole.

Rostec is a Russian Corporation established in 2007 to promote the development, production and export of high technology industrial products. The Corporation consists of 15 industry-specific holding companies (including “Helicopters of Russia” and “United engine Corporation”, “Kalashnikov”, etc.), and 32 direct and control 14 infrastructure organizations.