12 Feb 2010 14:33

Govt selects candidates for United Grain Company board of directors

MOSCOW. Feb 12 (Interfax) - The Russian government has selected its candidates for the board of directors and audit commission at OJSC United Grain company (UGC).

The seven nominees for election to represent Russia's interests and for independent directors included Agriculture Minister Yelena Skrynnik, chief of the federal financial oversight service Yury Chikhanchin, and Unicredit CEO Mikhail Alekseev (independent director).

Also nominated are CJSC St. Petersburg International Commodities and Raw Materials Exchange President Sergei Maslov, deputy chief at state property fund Rosimushestvo Dmitry Yuryev, and UGC's general director, Sergei Levin.

The three latter candidates were nominated for the board first. If elected, they will take the seats of current board members Ilya Petrov (deputy Rosimushestvo chief), Andrei Sizov (general director at the analytical center SovEcon), and Denis Morozov (former general director at Norilsk Nickel ).

UGC is wholly federally owned. It registered a supplementary share issue worth 371.66 million rubles in February to be paid for with state-held shares in thirty agri-industry companies.