18 Jul 2019 09:23
Appointment of Director General at PJSC Kubanenergo.
17 July 2019. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that Sergey Sergeev has been appointed Director General of Kuban Power and Electrification Public Joint Stock Company, (the "Subsidiary"), effective from 18 July 2019. The appointment was approved by the Subsidiary's Board of Directors at the meeting held on 17 July 2019.
Sergey Sergeev was serving as the Deputy Director General for Capital Development of PJSC ROSSETI since 03 August 2003 till 17 July 2019. He has significant experience in the industry, including his position for OAO FGC UES as the Director of the Investments and Consolidated Planning Department from 2009 till 2010, and as the Deputy Chairman of the Management Board from 2010 till 2013.
For further information:
PJSC ROSSETI
Maria Stepanova, Head of IR +7 (495) 995 5333 (ext. 3961)
Alena Sidorova, IR +7 (495) 995 5333 (ext. 3943)
Horizon
Maria Novokreschenova +7 (495) 225 0335
Yaroslav Gryaznov +7 (495) 225 0335 (ext. 1010)
Public Joint Stock Company ROSSETI (PJSC ROSSETI) is one of the largest electric grid companies in the world. The Company manages 2.35 million kilometers of power lines and 507,000 substations with more than 792 GVA of transformer capacity. The number of the ROSSETI Group's employees is 217 thousand.
ROSSETI comprises 35 subsidiaries and dependent companies, including 14 interregional 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.