OREANDA-NEWS. September 27, 2007. Andrew Michelmore, the CEO of En+, the Energy sector of Basic Element, will leave the company on 1st October, reported the press-centre of Basic Element.
 
“Andrew is responsible for building EN+ into a strong international company with a highly professional management team and high standards of corporate governance. He introduced effective management systems and improved our corporate governance standards leaving EN+ and its businesses in a much stronger position today than two years ago. I wish him well for the future.”, - said Gulzhan Moldazhanova, CEO of Basic Element.
 
“I want to thank Mr. Deripaska for giving me the exciting opportunity to establish and run EN+. The task of turning En+ into a well run  and highly respected company was a fantastic challenge. I now feel that I have accomplished what I set out to do at EN+ and am looking forward to taking a break before embarking on my next professional challenge. I would like to extend my best wishes to all my colleagues at EN+ and Basic Element”, - said Andrew Michelmore.
 
Michael Nossal, Finance director of EN+, will serve as CEO of EN+. 
 
About EN+
Basic Element’s Energy sector En+ was founded in 2005.  Its three largest assets are UC RUSAL, the world’s largest producer of aluminum, Central-European Aluminum company, which runs Aluminum Plant Podgorica in Montenegro and Eurosibenergo, one of Russia’s largest producers of electric energy. Sales of En+ amounted to $10,89 bln last year.
 
About Basic Element
Basic Element is a diversified investment company with assets in Russia and abroad. Basic Element’s core assets are in seven sectors – Aviation, Energy, Machinery, Resources, Financial Services, Construction and Development.
 
The consolidated revenue of the Group’s portfolio businesses exceeded $18 billion in 2006. Its combined asset value was more than $23 billion. The Group employs 240,000 people. Companies in the Basic Element Group are located in Russia and in countries of the CIS, Europe, Africa and Latin America, as well as Australia.