Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces the decision reached at the Board of Directors meeting held on September 04, 2008.
At the meeting, MTS’ Board of Directors (BoD) nominated a total of nine members for election to the Board. The decision to expand the number of directors was made in accordance with Russian law that requires companies with more than 10,000 registered shareholders to have a total of nine directors on its BoD. The candidate list now includes three independent nominees and consists of:
- Mr. Anton Abugov, First Vice-President, Head of Strategy and Development, Sistema;
- Mr. Alexey Buyanov, Senior Vice President, Head of Financial Group, Sistema;
- Mr. Dan Crawford, independent candidate;
- Mr. Sergei Drozdov, Senior Vice President, Head of the Property Group, Sistema;
- Ms. Tatiana Evtushenkova, Advisor to the President of MTS;
- Mr. Mohanbir Gyani, independent candidate;
- Mr. Leonid Melamed, President and CEO of MTS;
- Mr. Paul Ostling, independent candidate;
- Mr. Vitaliy Savelyev, First Vice President, Head of telecommunications asset management division, Sistema.
The new directors will be elected after the decision of the extraordinary general meeting of shareholders (EGM) that is scheduled to take place on October 3, 2008.
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