Transport, finance deputy ministers join RZD board of directors
MOSCOW. July 7 (Interfax) - Russian Deputy Transport Minister Oleg Belozerov and Deputy Finance Minister Andrei Ivanov have joined the new board of directors at Russian Railways (RZD) , according to the government's website.
Several members left the monopoly's board of directors: Vice President of Moscow Exchange Vladimir Gusakov; Strategic Initiatives Agency director Artyom Avetisyan; deputy head of Deutsche Bank Group for Eastern Europe Igor Lozhevsky and President of the Russian Union of Industrialists and Entrepreneurs (RUIE) Alexander Shokhin.
The new board also includes Dmitry Peskov, the director of the Young Professionals department at independent non-profit Agency for Strategic Initiatives, and Sergei Stepashin, the chairman of the Housing and Utilities Reform Fund supervisory board.
The remaining members were reelected to the board: owner of the ESN Group Grigory Berezkin; Chairman of the Board of Directors of OJSC Technological Company Dmitry Komissarov; former Chairman of Deutsche Bahn Hartmut Mehdorn; Chairman of the Board of Directors of CJSC Russian Holding Company Alexander Ryazanov; member of VTB's Shareholders Consultative Council and ex-head of MTS Vasily Sidorov; RZD President Vladimir Yakunin; and the former deputy head of the government administration, Kirill Androsov, who is currently managing partner at Altera Capital and was elected chairman of the board.
It was also decided that profit and loss from the financial year would be distributed in the following way: 37 million rubles (5% of net profit) would go towards forming a reserve fund; 185 million rubles (25% of net profit) would go towards dividend payments; and 518 million rubles (70% of net profit) would remain with RZD.