Extraordinary General Meeting of Power Machines OJSC Shareholders

On September 8, 2009 the Extraordinary General Meeting of Shareholders of Power Machines Open Joint Stock Company was held, including ZTL, LMZ, Elektrosila, Energomachexport (Power Machines OJSC).

The Extraordinary General Meeting of Shareholders of Power Machines OJSC adopted the resolution requesting early termination of the powers of the Board of Directors and the election of a new Board of Directors consisting of eight members. 

Re-elected from the previous Board were seven directors: Alexey Mordashov (Director General, Severstal OJSC), Alexey Egorov (Deputy Director General, Severstal OJSC), Michael Suess (Vice President for the Energy Production group of Siemens Aktiengesellschaft), Hans-Yurgen Vio (Vice President, Siemens Russia), Igor Kostin (Director General, Power Machines OJSC), Vadim Chechnev (Director for Economics and Finance, OJSC Power Machines) and Igor Voskresensky (Director General, Universal Invest LLC).

Deputy Director General for Legal Affairs of Severstal OJSC, Vladimir Lukin, also became a Board member.