MOSCOW, Russia– February 22, 2013 – The Board of Directors of JSC SITRONICS has appointed Alexey Shavrov the President of the company since February 22, 2013.

Alexey Shavrov is Executive Vice-President of Sistema, overseeing Hi Tech and Industry investments, and Member of Sistema’s Executive Board. He is also Chairman of the Board of Directors of JSC NIS-Glonass, Member of the Board of Directors of JSC NVision Group, JSC RTI and JSC Sarov Industrial Park.

From 2006 to 2010 Alexey Shavrov was Managing Director and Executive Board Member of A1 Investments Group (Alfa –Group); Chairman or Member of the Board of Directors of Mosinzhstroy, Rosvodokanal, Sistematika, Kronverk, AFM (Turkey), United Gold Company, Nezavisimost, Belmarket and others.

From 2005 to 2006 – CEO and Member of the Board of Directors of Kaskol Group of Companies, one of the Russia’s largest private aerospace companies.

From 2004 to 2005 – CEO and Chairman of Executive Board of Istok Group of Companies.

From 2002 to 2004 – Senior Vice-President (Nuclear Business), Member of Executive Board of OMZ (United Machinery); Chairman of the Board of Directors of JSC Atomstroyexport (ASE), JSC Zarubezhenergoproject (ZEP) and Oivavoima OY (Finland); Member of the Board of Directors of Izhora Plants and JSC Atomenergoexport.

From 2000 to 2002 – General Manager of Unibrasco S.A. (Switzerland), the subsidiary of UBC Group in Russia and CIS.

From 1996 to 2000 – General Manager of Oleina S.A. and Cereol/Eridania-Beghin-Say Group (Switzerland-France) in Russia and CIS.

From 1992 to 1996 – Divisional Manager of Russia and CIS office of Cargill Enterprises, Inc (USA).

Alexey Shavrov was born on May 8, 1971. He graduated from MGIMO (University) Ministry of Foreign Affairs of Russia with Master of Economics degree. He is fluent in English and French.