New Board of Directors meeting of Power Machines took place on December 20, 2007. New Chairman of Board of Directors was elected Alexey Mordashev, General Director of JSC Severstal Group.
Deputy Chairman of Board of Directors was selected Michael Suess (Vice President of Power Production Group of Siemens Aktiengesellschaft).
The new Board of Directors terminated the powers of members of the former Executive Board and seven new members were reelected:
1. Igor Kostin, General Director – Chairman of Executive Board;
2. Wolf Dietrich Krueger;
3. Alexander Rantsev;
4. Nikolay Tarakanov;
5. Nikolay Chegaev;
6. Vadim Chechnev;
7. Alexander Chuvaev.