4 Jul 2011 16:06
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA
PIK GROUP ("PIK" or "Group")
Reappointment of Chairman of the Board of Directors
LONDON, July 4, 2011 - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, announces the reappointment of Mr. Pavel Grachev as Chairman of the Board of Directors of PIK Group.
From 2008 up to the present, Mr. Grachev has held the post of Managing Director of Nafta Moskva. Between 2006 - 2008, he was a member of the Board of Directors of JSC Polymetal. From 2009 up to the present, Mr.Grachev has been a member of the Board of Directors of Polus-Gold and PIK Group.
In 1998, Mr.Grachev graduated from the University of Trieste (Italy) and Saint Petersburg State University, specialising in jurisprudence.
Enquiries:InvestorsPIK Group Tel: +7 495 505 97 33 ext. 1358/1315Viktor Szalkay
International mediaCitigate Dewe Rogerson Tel: +44 20 7638 9571Tom Baldock
Russian mediaDmitry Ivliev Tel: +7 495 505 97 33 ext. 1010/1028