Deputy head of Rosimushchestvo may join Kizlyar Brandy Factory's board of directors

MAKHACHKALA. Dec 17 (Interfax) - The government has nominated candidates for election as representatives of the Russian state and independent directors to the board of directors of JSC Kizlyar Brandy Factory (KBF, Dagestan), according to an order issued by Prime Minister Mikhail Mishustin that was published on the official internet portal of legal information.

Five current board members are nominated as representatives of the Russian state to the board of directors: the director of the Department for Analyzing the Effectiveness of Preferential Tax Regimes at the Finance Ministry, Denis Borisov; the former general director of Rosspirtprom Airat Gaskarov; the general director of the factory, Evgeny Druzhinin; State Secretary and Deputy Finance Minister Alexei Sazanov, and the deputy director of the government's Department for Supporting Legislative Activities and Legal Regulation, Boris Shkurkin.

Mikhail Popov, the deputy head of the Federal Property Agency (Rosimushchestvo), has been nominated as a new member of the board of directors.

The executive director of the Gaidar Institute for Economic Policy, Sergei Prikhodko, has been proposed once again as an independent director.

As a result, the enterprise's board of directors will be subject to only minor changes.

As reported, KBF produced 1.29 million decaliters of products in 2024, up 25% compared to a year earlier. Sales increased 21% to 1.27 million decaliters. The enterprise received a net profit to Russian Accounting Standards (RAS) of 570.96 million rubles last year, down 26% compared to 2023. However, revenue increased 28.5% to 6.47 billion rubles.

The factory was founded in 1885. The Kizlyar Brandy Factory federal state unitary enterprise was transformed into a joint stock company in February 2018, 100% of whose shares are in federal ownership.