Power Machines OJSC summarizes the results of its Extraordinary General Shareholders Meeting conducted on January 26, 2012.
During Extraordinary General Shareholders Meeting of Power Machines OJSC it was decided to early terminate the authority of the Board of Directors and Audit Committee and to elect a new Board of Directors consisting of eight members and a new Audit Committee consisting of three members.
Six directors of the previous Board of Directors were re-elected: Alexey Mordashov (Director General, OAO Severstal), Vladimir Lukin (Deputy Director General for Legal Affairs, OAO Severstal), Alexey Egorov (Deputy Director General, OAO Severstal), Igor Kostin (Director General, Power Machines OJSC), Vadim Chechnev (Economy and Finance Director, Power Machines OJSC) and Igor Voskresensky (Director General, ООО Universal Invest).
Roman Elkin (Head of Corporate Control Department, Severgroup CJSC) and Alexander Rantzev (Strategic Development and Controlling Director, Power Machines OJSC) joined the Board of Directors as well.
Maria Kutimskaya, Evgeny Pirogov and Ludmila Khusnullina were elected as new members of the Company’s Audit Committee.