28 Oct 2014 14:56
JSC ROSSETI
Appointment of Acting Director General at IDGC of Urals
28 October 2014. Moscow, Russia. - JSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that Sergey Dregval has been appointed Acting Director General of IDGC of Urals, a subsidiary of the Company.
He succeeded Yury Lebedev, who had served as Acting Director General of IDGC of Urals since 1 May 2014.
The decision of the appointment became effective today, following a meeting of the Board of Directors of IDGC of Urals held on 27 October 2014.
Sergey Dregval has extensive experience in the power sector. Since 2013, he was Director General at JSC Oboronenergosbyt. Prior to this he was First Deputy Managing Director and Managing Director at JSC Altaienergosbyt.
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For further information:
JSC ROSSETI
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7 (495) 995 5333 (ext. 3834)
FTI Consulting
Maria Shiryaevskaya +44 (0)20 3727 1677
Olga Lundquist +7(495) 795 0623
JSC ROSSETI 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 ROSSETI holds interests in and manages 15 distribution grid companies and Federal Grid Company in Russia. The Company together with its subsidiaries owns and operates 2.26 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 ROSSETI. 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 ROSSETI and its operations.