Sviazinvest management to be changed in October

Last week the board of directors of Sviazinvest recommended that the company chairman Oleg Belov be dismissed and replaced by Valery Yashin who is currently head of St. Petersburg Telephone Network. The issue is now to be discussed at an extraordinary meeting of shareholders scheduled for October 21. Mr. Belov was appointed as general director of the holding in April this year.

Sviazinvest: (+7 095) 229-41-14

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