OREANDA-NEWS. February 04, 2010. JSC SITRONICS (SITRONICS or the “Group”) (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced that Vadim Melkumov is appointed as vice-president of JSC SITRONICS. In addition the Board of Directors appointed Mr. Melkumov a member of the Board of JSC SITRONICS.

Sergey Aslanian, president of SITRONICS, commented: “Vadim Melkumov is known on the market as an experienced manager with a successful business development background. We believe that his professional skills and extensive management experience will help us strengthen our work on the promising information and communications technology market.”

Mr Melkumov was born in 1973 in Baku, Azerbaijan. He graduated from the Plekhanov Russian Academy of Economics with a degree in economics in 1995 and in 2002 from the All-Russia State Tax Academy with a degree in law. From 1994-2001 he worked with Bank Menatep and JSC Yukos, where he handled the restructuring of subsidiaries. From 1996-1997 he was an aide to the first deputy minister for industry of the Russian Federation. In 2001 he created and headed UFG’s external relations department, and in 2002 he became the director UFG’s corporate finance department. From 2003 to 2006 he worked at TNK-BP, first on restructuring its oil service business, and then from 2006 to 2009 he worked as director of its M&A department.