The Board of JSC Inter RAO elects Chairman and Deputy Chairman

On its first meeting the Board of JSC Inter RAO, which had been elected on the Annual General Meeting on May 25, 2014, elected the leadership and defined the status of each member in terms of independence.

Igor SECHIN, President and Chairman of the Management Board of Rosneft, was elected as the Chairman of the Board of JSC Inter RAO. The Board also elected Dmitry SHUGAEV, Deputy Chief Executive of State Corporation Rostec, as the Vice Chairman.

According to the Regulations on the Board of Directors of JSC Inter RAO the HR and Remuneration Committee of the Board made an assessment of the newly elected Board members on compliance with the terms of independence. On the ground of this assessment the following status of the Board members was defined: Ronald POLLETT and Dmitry SHUGAEV were acknowledged as independent directors, Boris KOVALCHUK was acknowledged as managing director.

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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. Its corporate strategy is focused on making Inter RAO a global energy enterprise and a key player in the global energy market. Inter RAO Group owns and operates over 34.3 GW of installed power generation capacity. www.interrao.ru


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