KTK shareholders extend CEO's powers by another 5 yrs
KEMEROVO. Oct 17 (Interfax) - Shareholders in Kemerovo-based OJSC Kuzbass Fuel Company (KTK) extended the powers of KTK's General Director Igor Prokudin by another five years at an extraordinary meeting on October 16, the company said in its materials.
Prokudin, who is KTK's founder and has been its CEO since 1999, will sign a new labor contract for the new five-year period.
Also at their meeting, KTK's shareholders approved changes to the company charter and the provision on the board of directors, introducing in-absentia voting at meetings. In addition, they made changes to the relevant documents on preparing and conducting shareholder meetings in order to align them with the requirements of the law governing joint-stock companies.
KTK includes coal-producing enterprises (the Vinogradovsky, Karakansky-South and Cheremshansky open-pit mines), a distribution network (OJSC Kuzbasstoplivosbyt, LLC Transugol, OJSC Altay Fuel Company, LLC Novosibirsk Fuel Corporation) and infrastructure enterprises (OJSC Kaskad-Energo, Anzhero-Sudzhenskaya Combined Heat and Power Plant, LLC TEKM).
Prokudin controls 50.001% of KTK's stock.
