Shareholders in Mobile TeleSystems elected the new board of directors at the annual general meeting of shareholders on June 25, 2013. One new director was elected: Sergei Drozdov, a vice president of Sistema. Drozdov, who is in charge of corporate governance at Sistema, replaces another Sistema representative on the board, Alexei Buyanov, who in late May gave up his position as senior vice president for finance to Vsevolod Rozanov and was appointed first vice president and head of the financial services investment portfolio.