OREANDA-NEWS. August 29, 2012. Farit Khaidarov was appointed as the acting General Director of “E4 Group”. Vladimir Kalinin, who was previously at the helm of the Company, stepped down voluntarily due to a serious athletic injury (Achilles tendon rupture) and the necessity of a long-lasting medical care and restoration.

“I am sorry for the situation, but the trauma I got prevents me from executing in full the General Director’s obligations assigned to me. The Company performs its business activity in a very dynamic way and in rather numerous regions, so that it is required to be involved in it to the maximum extent and it takes significant physical exertion. Due to the injury I got, I have to step down as General Director,” –Vladimir Kalinin said.

Alexander Negomedzyanov, Chairman of the Board of Directors of JSC “E4 Group”noted: “We express our gratitude to Vladimir Kalinin for his professional work as General Director of the Company. Under his supervision “E4 Group” completed the construction projects in the cities of Astrakhan, Kursk and Krasnodar. We regret that Vladimir Kalinin has terminated his Labor contract early and we wish him to get cured soon”.

In accordance with the decision of the Board of Directors on August 22, 2012, Farit Khaidarov was appointed as the acting General Director, who was First Deputy General Director for Operations in “E4 Group” before.

According to Alexander Negomedzyanov: ”E4 Group” is working in normal operating conditions; unplanned changes in the Management will not have any influence on the Company’s performance of its obligations. By the 1st of September, 2012, the Board of Directors will have made a decision about General Director to be appointed. At present, we have consultations in order to resolve this issue,” said Alexander Negomedzyanov.