Kerimov representatives leave PIK Group board
MOSCOW. March 12 (Interfax) - The shareholders of OJSC PIK Group elected a new board of directors at an extraordinary general meeting on Tuesday, the Russian developer said in a statement.
Four new directors were elected to the board, while the remaining five directors retained their seats.
The board was joined by Alexei Blanin, CEO of LLC Real Estate Development Solutions (AB Development, owned by Kirill Androsov's Altera Capital); former Deposit Insurance Agency deputy CEO Marina Zinovina; former Vimpelcom vice president Dmitry Pleskonos; and Marina Grenberg, managing director of Alexander Mamut's A&NN.
Reelected to the board were PIK president Pavel Poselenov; Sberbank CIB managing director Dmitry Kanushkin (Sberbank is the developer's main creditor); Ilya Stepanischev, director of the Investment Banking Service Center at B&N Bank ; Zumrud Rustamov, deputy head of Polymetal; and Jean Pierre Saltiel, partner at Lose and Partners Vostok.
The board no longer includes Vladislav Mamulkin, managing director of Nafta Moskva's Moscow office; Anna Kolonchina, director at Nafta Moskva's representative office; Robert Tsenin, director of Centro Properties Group; and Stuart Lee Timmins, head of the Moscow office of Hines International.
Billionaire Suleyman Kerimov's Nafta Moskva sold its stake in PIK Group to Rosbuilding founder Sergei Gordeyev (19.9%) and Alexander Mamut (16.2%) in December 2013. B&N Bank owner Mikhail Shishkhanov owns 14.9% of the developer and 49.18% of shares are in free float. As of January 22, Russia's Central Bank held 42.13% of PIK shares as collateral in repo deals.