Vadim Melkumov is Appointed as Vice-President of JSC SITRONICS
JSC Sitronics
VADIM MELKUMOV IS APPOINTED AS VICE-PRESIDENT OF JSC SITRONICS
MOSCOW, Russia – January 28, 2010 – JSC SITRONICS (SITRONICS or
the “Group”) (LSE: SITR), a leading provider of telecommunications,
information technology and microelectronic solutions in Russia and the
CIS, with a growing presence in other EEMEA emerging markets, today
announced that Vadim Melkumov is appointed as vice-president of JSC
SITRONICS. In addition, the Board of Directors appointed Mr. Melkumov a
member of the Board of JSC SITRONICS.
Sergey Aslanian, president of SITRONICS, commented: “Vadim Melkumov is
known on the market as an experienced manager with a successful business
development background. We believe that his professional skills and
extensive management experience will help us strengthen our work on the
promising information and communications technology market.”
Cirriculum vitae
Vadim Melkumov
Vice-president of JSC SITRONICS
Mr Melkumov was born in 1973 in Baku, Azerbaijan. He graduated from the
Plekhanov Russian Academy of Economics with a degree in economics in
1995 and in 2002 from the All-Russia State Tax Academy with a degree in
law. From 1994-2001 he worked with Bank Menatep and JSC Yukos, where he
handled the restructuring of subsidiaries. From 1996-1997 he was an aide
to the first deputy minister for industry of the Russian Federation. In
2001 he created and headed UFG’s external relations department, and in
2002 he became the director UFG’s corporate finance department. From
2003 to 2006 he worked at TNK-BP, first on restructuring its oil service
business, and then from 2006 to 2009 he worked as director of its M&A
department.
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For further information, please visit www.sitronics.com
or contact:
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Corporate Communications
Irina Lanina
Vice PresidentVice President
Tel: +7 495 225 0030Tel: +7 495 225 0030
lanina@sitronics.com
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Shared Value Limited
Matthew HooperMatthew Hooper
Investor Relations
Tel: +44 (0) 20 7321 5010
sitronics@sharedvalue.net
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SITRONICS is a leading provider of telecommunication solutions,
including software, equipment and systems integration, IT solutions and
microelectronic solutions in Russia and the Commonwealth of Independent
States with a strong presence in Central and Eastern Europe and a
growing presence in the Middle East and Africa.
SITRONICS serves over 3,500 clients, maintains offices in 32 countries
and exports its products and services to more than 60 countries.
SITRONICS’ key Telecommunication Solutions operations are based in
Prague, Czech Republic and Athens, Greece, while the company’s IT
Solutions and Microelectronics divisions are based in Kiev, Ukraine and
Zelenograd, Russia respectively.
SITRONICS generated revenues of US$ 625.4 million for the nine months
ended September 30, 2009 and had total assets of US$ 1,736.9 million
at the end of the period. SITRONICS is majority owned by Sistema, the
largest public diversified corporation in Russia and the CIS, which
manages fast growing companies operating in the consumer services sector.
Some of the information in this press release may contain projections
or other forward-looking statements regarding future events or the
future financial performance of SITRONICS. You can identify
forward-looking statements by terms such as "expect," "believe,"
"anticipate," "estimate," "intend," "will," "could," "may" or "might"
the negative of such terms or other expressions. These statements are
only predictions and actual events or results may differ materially. We
do not intend to or undertake any obligation to update these statements
to reflect events and circumstances occurring after the date hereof or
to reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in
our projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Russia, rapid technological and market
change in our industries, and other factors specifically related to
SITRONICS and its operations.
