OREANDA-NEWS. Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, today announced that the regular meeting of the Board of Directors of Sistema Telecom has accepted the resignation of Sergey Schebetov as General Director of the Company, with effect from June 8, 2007.

The Board of Directors has appointed Shamil Kurmashov as interim General Director of Sistema Telecom with effect from June 9, 2007. Mr. Kurmashov previously held the position of Deputy General Director for Finance and Investments at Sistema Telecom.