13 Jul 2009 12:51

Deputy chief of Siberian federal district named to head FGC

MOSCOW. July 13 (Interfax) - Oleg Budargin, the deputy head of the Siberian federal district, has been appointed acting CEO of Federal Grid Company (FGC).

The FGC board of directors appointed Budargin acting CEO at a meeting last Saturday, a source close to the grid operator told Interfax.

FGC confirmed the report. Budargin must be confirmed by shareholders at an extraordinary meeting. No date for such a meeting has been set.

The former CEO of FGC, Andrei Rappaport, who headed the company since its formation in 2002, stepped down on June 30. Since then Alexei Maslov, a member of the company's management board, has been acting CEO.

State-controlled FGC owns and operates the backbone electricity facilities included in the national electricity network.