OREANDA-NEWS. On 12 March 2008 was announced, that in accordance with OJSC VolgaTelecom Charter the procedure of nominating candidates to the Board of directors and Auditing committee to be elected at the Company’s annual shareholders general meeting is completed. On March 5, 2008 VolgaTelecom’s Board of directors considered the proposals of the Company’s shareholders about nomination of candidates to the Company’s Board of directors and the Auditing committee to be elected at the annual general meeting of shareholders.

VolgaTelecom’s Board of directors has made the decision to include the following persons into the list of candidates for the election to OJSC VolgaTelecom Board of directors at the annual general meeting of shareholders:

1. Andreev Vladimir Alexandrovich - Rector of Povolzhsky state academy of telecommunications and IT;
2. Bagachenko Kirill Mikhailovich – Asset manager of management company “KIT Fortis Investment Management” (OAO);
3. Belyakova Natalia Yurievna – Deputy to the director of the Department of economics and finance of OJSC Svyazinvest;
4. Bobkov Fedor Pavlovich – Director of regional subsidiary of OJSC “MTS” “Marcoregion Povolzhie Severo-Zapad”;
5. Brylkov Vladislav Victorovich – First deputy to the General Director of Closed Joint Stock Company “Leader” (the company for administration of assets of pension fund);
6. Bugaenko Valeryi Nikolaevich – Head of Federal Communications Agency;
7. Vinokurova Evgeniya Sergeevna - Chief of sector of the Department of economics and finance of OJSC Svyazinvest;
8. Gavrilenko Anatolyi Anatolievich - General Director of Closed Joint Stock Company “ Leader” (the company for administration of assets of pension fund);
9. Grigorieva Alla Borisovna - Deputy to the director of corporate governance and legal support Department of OJSC Svyazinvest;
10. Enin Evgenyi Petrovich - Deputy to the director of Non-commercial Partnership “Russian Institute of Directors”;
11. Zaitsev Evgenyi Yurievich – General Director of Limited Liability Company “Management company “KapitalÚ”;
12. Zyuzin Oleg Borisovich - Chief of IT Department of Closed Joint Stock Company “Leader” (the company for administration of assets of pension fund);
13. Il’ina Elena Vladimirovna – General Director of Open Joint Stock Company “Specialized depositary “INFINITUM”;
14. Kalin Alexander Borisovich – General Director of Limited Liability Company “ALOR Group”;
15. Kerber Sergey Mikhailovich – Investment director of Closed Joint Stock Company “Leader” (the company for administration of assets of pension fund);
16. Kokin Andrey Anatolievich – Deputy to the General Director of Closed Joint Stock Company “Leader” (the company for administration of assets of pension fund);
17. Kuznetsov Sergey Ivanovich - OJSC Svyazinvest representative;
18. Kulikov Denis Victorovich - Deputy to the executive director of Association for investors rights protection;
19. Molchanov Mikhail Evgenievich – General Director of Limited Liability Company “ALOR+”;
20. Morozov Andrey Vladimirovich - Chief of legal sector of Moscow’s representation office of “NCH Advisors, Inc.”;
21. Omelchenko Sergey Valerievich - OJSC VolgaTelecom General Director;
22. Prass Pavel Igorevich – Director of strategic development of Open Joint Stock Company “Specialized depositary “INFINITUM”;
23. Savchenko Victor Dmitrievich - Executive director – director of the Department of corporate governance and legal support of OJSC Svyazinvest;
24. Sadova Elena Nikolaevna – General Director of Closed Joint Stock Company “ALOR INVEST”;
25. Sementsov Sergey Pavlovich – Deputy to the General Director of Energy Consulting/Management;
26. Seregin Oleg Valentinovich - General Director of CJSC Management company “Interfin KAPITAL”;
27. Stat’in Vladimir Anatolievich - General Director of Non-commercial Partnership “Association for Protection of Interests of Shareholders of Enterprises and Organizations”;
28. Tukhkur Alexey Ernestovich – First deputy to the General Director of LLC Management Company “Alfa-Kapital”;
29. Tushunov Dmitry Yurievich – Chief of analytical department – Chief economist of Closed Joint Stock Company “Leader” (the company for administration of assets of pension fund);
30. Fedorov Oleg Romanovich – Executive director of corporate finance Department of LLC Deutsche Bank;
31. Shchegolikhin Anton Anatolievich – Executive director of OJSC Svyazinvest;
32. Yunkin Pavel Olegovich – General Director of Federal State Unitary Enterprise “SVYAZ-bezopasnost”.


The following persons were included into the list of candidates for the election to OJSC VolgaTelecom Auditing committee at the annual general meeting of shareholders:

1. Bocharova Svetlana Nikolaevna – Chief of sector of the Department of bookkeeping, tax and statistics accounting of OJSC Svyazinvest;
2. Burmistrova Polina Vladimirovna – Deputy to the chief of sector of the Department of corporate governance and legal support of OJSC Svyazinvest;
3. Koroleva Olga Grigorievna - OJSC “Svyazinvest” chief accountant;
4. Maltsev Alexey Vladimirovich – Deputy to the chief of sector of the Department of strategic development of OJSC Svyazinvest;
5. Tret’yakov Mikhail Victorovich – Chief of sector of the Department of economics and finance of OJSC Svyazinvest.

The Board of directors is collegial management body of the Company; it carries out general management of the Company, excluding the solution of issues referred by federal laws and the Company’s Charter to the competencies of the Company’s general meeting of shareholders. The Board of directors of OJSC VolgaTelecom consists of 11 persons elected by the Company’s annual general meeting of shareholders.

The Auditing committee controls financial-economic activities of the Company and is elected by the general meeting of shareholders as per the procedure stipulated by current legislation and the Company’s Charter for one year period, it consists of 5 persons.