Shareholders have approved the annual report and accounting report of the company for 2005, Articles of Association and the new wording of the Statement of Power Machines BoD.
Shareholders have also elected the Board of Directors of the company comprising eight people:
Sergei Batekhin, Deputy General Director, Interros
Igor Klochko, CEO, Power Machines
Boris Vainziher, member of the Board, Technical Director, RAO UES
Viacheslav Voronin, member of the board, Managing Director, “Servis” business unit of RAO UES
Norbert Koenig, Vice President, Power Generation Siemens AG
John Sleeman, Independent Director
Ekaterina Salnikova, Deputy Director of the Financial Dpt. in charge of corporate governance, Interros
Hans-Juergen Wio, Vice President Siemens Russia, president of PGTD, Siemens
Shareholders also elected members of the Revision committee; approved transactions with ROSBANK and the supply contract with Mosenergo to be signed in future. The shareholders decided not to pay dividends for Y2005, but to channel profit towards company development, including modernizations and re-equipment.
Rosexpertiza Ltd. is to audit the enterprise.