15 Jul 2010 19:57

Former Rostelecom chief made deputy general director of new united company

MOSCOW. July 15 (Interfax) - OJSC Rostelecom's former head Anton Kolpakov has been made the first deputy general director of the new united Rostelecom, a source at the company told Interfax.

He will be responsible for business development, commercial operations and strengthening the company's market positions.

Kolpakov will sign a termless contract. "The new company is now being formed and therefore this is not a loss of status," the company said.

In addition, Alexei Nichiporenko and Viktor Iudin were also appointed as first general directors, the source said.

Nichiporenko will be responsible for the provider's wireless services. He earlier did a similar job at Svyazinvest. Iudin works now as first deputy general director at the current Rostelecom.

Rostelecom will make a series of appointments over the next six months in order to develop its new management structure. "There are several positions for which searches will be made, first of all, for Rostelecom and later for Svyazinvest's international companies," the source said.

The source said that the new management structure would be ready by 2011. "It will be known who will be responsible for this and how everything will work together by that time," he said.

Rostelecom's board of directors this week appointed Alexander Provotorov, Svyazinvest's deputy general director, as its general director. He replaced Kolpakov who had headed Rostelecom since June 2009.

Rostelecom is currently being reorganized. The company will be merger with seven interregional companies of Svyazinvest and OJSC Dagsvyazinform. The companies' shares will be converted into Rostelecom shares. The restructuring process will be finished by the middle of 2011.

Svyazinvest is the main shareholder in Rostelecom with 38% of charter capital (50.67% of voting shares). Russia's Deposit Insurance Company owns 29.9% while Vnesheconombank holds 9.8%.