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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 …
