Decision was taken by the Board of Directors of Russian Grids, JSC.
Oleg Budargin has been elected General Director of “Russian Grids”, Joint-Stock Company. A decree to the effect was agreed with the Government and the Presidential Administration of the Russian Federation and on June 14, 2013 the said decision was taken by the Board of Directors of Russian Grids, JSC.
Additionally, on June 14 a package of share of FGC UES, JSC was transferred from the Russian Federation represented by the Federal Agency for State Property Management to Russian Grids, JSC that, in accordance with the decision of the extraordinary Meeting of Shareholders dated 06.05.2013, constitutes grounds for termination of the powers of and the contract concluded with the Company Management Organization – FGC UES, JSC.