Appointment of Acting Director General at JSC "Tyumenenergo"
11 October 2016. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that Sergey Savchuk has been elected Acting Director General of Joint Stock Company "Tyumenenergo" (the "Subsidiary") effective on 11 October 2016. The appointment was approved by the Subsidiary's Board of Directors at the meeting held on 10 October 2016.
Mr. Savchuk has significant experience in the industry since 2011, and joined Tyumenenergo in 2015 as First Deputy Director General.
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For further information:
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)
Thomas Kiehn +7 (495) 363 2846
Irina Logutenkova +7 (495) 363 2846
PJSC ROSSETI is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. PJSC ROSSETI holds interests in and manages 15 distribution grid companies and transmission grid company in Russia. The Company together with its subsidiaries owns and operates 2.3 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 761 GVA. The Company operates in 78 regions of Russia.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC Rosseti. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC Rosseti and its operations.
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