OREANDA-NEWS. On February 22, 2007, the extraordinary general meeting of shareholders of the OJSC “Power Machines” - Leningradsky Metallichesky Zavod (LMZ), Electrosila, Turbine Blades’ Plant (ZTL), Energomachexport (EME) was held.

According to the press-service of “Power Machines”, the meeting of shareholders has elected the Board of directors of OJSC “Power machines” in new structure.

The new structure of the Board of directors consisting from eight people included two new directors: Michael Zuss - vice-president of the group Energy Generation of the company Siemens (Germany) and Alexander Chuvaev - managing director of OJSC “Power Machines”.

From the previous Board of directors the following people have been re-elected: Sergei L. Batekhin – Chairman of the Board of Directors, Deputy Director General, Interros; Boris F. Vainziher – Deputy Chairman of the Board of Directors, General Director of OJSC “Power Machines”, Technical Director of OJSC “RAO UES of Russia”; Vyacheslav Voronin - member of the board, Managing Director of Business-unit "Service" of RAO UES of Russia, Ekaterina Salnikova - Deputy Financial Director of the corporate management (Director on corporate management) of Interros ; Hans-Juergen Wio - vice-president of the company Siemens in Russia, president of department of manufacture, transfer and distribution of energy of OJSC " Siemens " (Russia) and John Sleeman - independent director.

According to the agenda of the meeting, shareholders have elected the Audit committee in quantity of 7 people and have approved the new editions of the Charter of the company, Regulations about of the Audit committee, Regulations about the Board of directors and the Board of the company, and also Regulations about the General meeting of shareholders.