29 Jul 2014 07:58
JSC Russian Grids
Appointment of Director General at IDGC of North-West
29 July 2014. Moscow, Russia. - JSC Russian Grids (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that Alexander Letyagin has been appointed Director General of IDGC of North-West, a subsidiary of the Company. The appointment becomes effective on 29 July 2014 and follows the meeting of the IDGC of North-West Board of Directors held yesterday.
Alexander Letyagin has extensive experience in the industry, having held a number of senior positions.
He served as Acting Director General of IDGC of North-West from 25 April 2014 to 28 July 2014.
Previously he was Acting First Deputy Director General of IDGC of North-West, a position he had held since February 2014. From 2012 to February 2014, Alexander Letyagin was Adviser to Director General and Director of JSC Lenenergo's Vyborgskiye Power Grid Branch. Prior to this he was Deputy Director General - Director of Orelenergo, a branch of IDGC of Centre.
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For further information:
JSC Russian Grids
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7 (495) 995 5333 (ext. 3834)
FTI Consulting
Larisa Millings +44 (0)20 3727 1364
Maria Shiryaevskaya +7 (495) 795 0623
Olga Lundquist +7(495) 795 0623
JSC Russian Grids is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. JSC Russian Grids holds interests in and manages 15 distribution grid companies and Federal Grid Company in Russia. The Company together with its subsidiaries owns and operates 2.25 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 743 GVA. The Company operates in 74 regions of Russia covering an area of 13.6m sq. km.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC Russian Grids. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to JSC Russian Grids and its operations.