Sistema Appoints Leonid Melamed as President and Chief Executive …
Source: PR-Inside.com (Pressemitteilung) (Original Article)
- Sistema (LSE:SSA), the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector, today announced the appointment of Leonid Melamed as President and Chief Executive Officer of Sistema with immediate effect, following a decision made at a meeting of the Board of Directors. Mr Melamed is the former CEO
and President of Mobile TeleSystems (”MTS”), the largest mobile phone operator in Russia and the CIS and a subsidiary of Sistema.
Leonid Melamed will replace Alexander Goncharuk, who will continue to serve as First Deputy Chairman of Sistema’s Board of Directors. Mr Goncharuk has been a member of the Board of Directors of Sistema since 1996. From 1995 to 1998, he occupied the post of Vice-President of the Corporation. From 1998 to 2001, he headed the telecommunication holding Sistema Telecom, and from 2003 to 2006, was head of Sitronics. During this time, Sitronics became the largest public technology company in Eastern Europe. In 2007, Sistema Hals became the first public Russian real estate company to list on the London Stock Exchange. The non-public assets of Sistema grew quicker than the market in such sectors as finance, retail and paid-for healthcare services.
After two years the market capitalization of Sistema has grown by 40%, exceeding US$ 16 billion. Sistema’s revenues during this period have grown by 80% and constituted US$ 13.7 billion in 2007.
Commenting on the management changes, the Chairman of the Board of Directors at Sistema, Vladimir Evtushenkov said: “Under the leadership of Alexander Goncharuk, Sistema has realized a series of large-scale and ambitious projects, playing an important role in the development of the Corporation. We are grateful for the efforts of Mr Goncharuk, during his time at the company we have successfully launched a unified brand for our telecommunication companies, BARNEY AND FRIENDS dvd entered the Indian market and opened …continue reading