OREANDA-NEWS. On 08 July 2009 was announced, that Far East Telecom Board of Directors appointed Andrey Vladimirovich Balatsenko, former Deputy of Chief Executive Officer, Director of OJSC Far East Telecom Primorye Branch, to the position of Chief Executive Officer.

On June 10, 2009 the Company’s Board of Directors early terminated powers of OJSC Far East Telecom Chief Executive OfficerAnton Kolpakov due to his appointment to the position of OJSC Rostelecom Chief Executive Officer. The Company’s Board of Directors unanimously decided to appoint Andrey Balatsenko to the office of OJSC Far East Telecom Chief Executive Officer.

The main tasks for Chief Executive Officer will be further increasing OJSC Far East Telecom share on telecommunications service market, maintaining high profitability level, liquidity value improvement and reducing Company debt.

“Far East Telecom is now in its active growth stage. The Company is demonstrating positive dynamics and it is a heavy responsibility to take the helm of the Company at such a moment. We have not only to keep basic business performances at the high level, but also to improve them, - emphasized Andrey Balatsenko. – I am sure, however, that the management team that we now have in Far East Telecom is quite able to cope with the task”.

Andrey Balatsenko proceeded with his duties of the office in OJSC Far East Telecom Chief Executive Officer from June 11, 2009.

Andrey Vladimirovich Balatsenko was born in 1965 in Peleduy village, Lensky district of Yakutsk Autonomous Soviet Socialist Republic. Graduated from Novosibirsk Electronic Technical Institute of Communication in 1987.

Andrey Balatsenko has rich experience in Far East Telecom management issues.

In 2002-2004 he took office manager in Blagoveshchensk Telephone and Telegraph Network in OJSC Far East Telecom Amur Branch.

From 2004 he was promoted to the first deputy director’s position, technical director of OJSC Far East Telecom Amur Branch.

From 2005 – Deputy of Chief Executive Officer, Director of OJSC Far East Telecom Kamchatka Branch.

In 2006-2007 – Deputy of Chief Executive Officer, Director of OJSC Far East Telecom Sakhalin Branch.

In 2007-2009 – Deputy of Chief Executive Officer, Director of OJSC Far East Telecom Primorye Branch.

From June 10, 2009 – OJSC Far East Telecom Chief Executive Officer.