14 Jan 2021 15:54
PJSC «ROSSETI»
New Acting Director General of Public Joint Stock Company «ROSSETI»
and new Acting Director General of
Public Joint Stock Company «Rosseti Lenenergo»
January 14, 2021. Moscow, Russia. - PJSC «ROSSETI» (LSE:RSTI) ("Company"), Russia's largest electricity transmission and distribution company, announces that Andrey Ryumin was elected as a member of the Management Board and appointed as the Acting Director General of Public Joint Stock Company «ROSSETI», effective from January 15, 2021.
Additionally, Igor Kuzmin was appointed as the Acting Director General of Public Joint Stock Company «Rosseti Lenenergo», effective from January 15, 2021.
The decision to appoint Mr. Ryumin and Mr. Kuzmin was adopted simultaneously by the Board of Directors of PJSC «ROSSETI» and the Board of Directors of «Rosseti Lenenergo», PJSC on January 14, 2021.
Andrey Ryumin has extensive managerial experience of working in the electricity industry. He was the First Deputy Director General and Director General of Joint Stock Company «United Energy Company» from 2011 to 2014 and was appointed to the post of Director General of «Rosseti Lenenergo», PJSC in January 2018.
Igor Kuzmin also has extensive managerial experience of working in the electricity industry. He held various senior positions at «Rosseti Lenenergo», PJSC and IDGC of North-West, PJSC from 2008 to 2017 and was appointed to the post of Deputy Director General and Chief Engineer of «Rosseti Lenenergo», PJSC in September 2017.
For further information, please contact:
PJSC «ROSSETI» Investor Relations Department: Yulia Martynova +7 (495) 995 5333 (ext. 3834), martynova-ys@rosseti.ru Anna Ivanko +7 (495) 995 5333 (ext. 5470), ivanko-aa@rosseti.ru
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Public Joint Stock Company «ROSSETI» (PJSC «ROSSETI») is one of the largest electric grid companies in the world. The Company manages 2.37 million kilometers of power lines and 517,000 substations with more than 802 GVA of transformer capacity.
PJSC «ROSSETI» comprises 35 subsidiaries and dependent companies, including 15 interregional and regional grid companies and one transmission grid company. The controlling shareholder with an 88.04% stake in the Company is the government represented by the Federal Agency for State Property Management of the Russian Federation.
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 PJSC «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 PJSC «ROSSETI» and its operations.