Rosneft chief Sechin doesn't join RusHydro board of directors
MOSCOW. June 27 (Interfax) - Igor Sechin, the head of Rosneft , did not win a seat on RusHydro's new board of directors, an Interfax correspondent reported from the AGM.
Sechin was nominated for the board not by the state, but by a RusHydro subsidiary, Gidroinvest, which owns 3.55% of the state holding's shares.
The other candidates for the board that failed to win seats were: Inter RAO chief Boris Kovalchuk, former Rosneft vice president Larisa Kalanda, Federal Grid Co deputy head Maria Tikhonova and the general director of the National Association of Purchasing Institutes Sergei Gabestro.
The members of the newly elected board are Rosneft Vice President Andrei Shishkin, Deputy Prime Minister Yury Trutnev, Deputy Energy Minister Yevgeny Kravchenko, the head of the New Business division at the Agency for Strategic Initiatives for Promotion of New Projects, Artyom Avetisyan, NP Market Council head Maxim Bystrov, Altera Capital chief executive Vyacheslav Pivovarov, Energy Russian Company chief Sergei Ivanov, and VTB senior vice president Sergei Shishin.
In addition, the state representatives on the board are: Nikolai Shulginov (who was named to the top job at RusHydro last year, replacing Yevgeny Dod, who is no longer a board member), Deputy Economic Development Minister Nikolai Podguzov, PJSC Polyus President Pavel Grachev, Far East Development Fund chief Alexei Chekunkov and Moscow Power Engineering Institute rector Nikolai Rogalev.
RusHydro Group is an energy holding that manages hydropower plants in Russia with 38.5 gigawatts of installed capacity. The state owns 66.8% of shares.