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Deripaska Loses UES Board Bid.
(From The Moscow Times)
ZELENOGRAD, Moscow Region -- Metals tycoon Oleg Deripaska failed in his bid to be elected to the board of Unified Energy Systems, headed by his rival Anatoly Chubais.
The new 15-member board voted in at the UES annual shareholder meeting Wednesday counts 10 government representatives, as well as five strategic investors --Yevrazholding, Gazprom, ESN Energo, Interros and MDM Bank.
"We are more than satisfied with the results of the meeting," UES CEO Chubais said at a briefing. "There were no strategic changes in the board of directors and this is good."
But Chubais did say he regrets that Seppo Remes, director of Vostok Nafta Investment, and David Herne, managing director of Halcyon Advisors, were not elected. Both men have served on previous UES boards.
At the same time Chubais welcomed the election of strategic investors such as Gazprom executive Kirill Seleznyov and ESN Energo general director Grigory Beryozkin, without elaborating.
Asked whether it was positive that neither Russian Aluminum owner Deripaska nor his ...
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