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Kremlin Revises Lists of Candidates For State Company Boards - Paper
Interfax - 1.31.12 - JRL 2012-18

MOSCOW. Jan 31 (Interfax) - The Kremlin administration has made substantial changes to the Economic Development Ministry's lists of candidates for the boards of state companies, particularly companies in the fuel and energy sector, Kommersant reported on Tuesday. "The presidential administration has prepared its own proposals for candidates to the boards of directors of state companies. They have been given to the government chief of staff Anton Vaino," the paper cited government sources as saying.

The Kremlin had no issues with the Economic Development Ministry's candidates for a number of companies, such as bank VTB (RTS: VTBR) and Sheremetyevo Airport, the paper said. The most substantial changes concerned oil and power companies.

The Kremlin, for example, believes Rosneft (RTS: ROSN) vice president Larisa Kalanda should be replaced by former State Duma deputy Yevgeny Tugolukov, who was the owner of EMAlyans.

The Kremlin is also proposing to remove Kalanda from the board of Transneft (RTS: TRNF), and replace her with Gazprombank senior vice president Mikhail Grishankov, who is also recommended for the board of directors of Rosspirtprom.

At Transneft, the Kremlin also wants to replace Russian Academy of Sciences vice president and Rosneft chairman Alexander Nekipelov with Jean-Pierre Thomas, a managing partner at Lazard banking group and a special representative of the French president for the development of Franco-Russian relations.

On the board of Rosneftegaz, the Kremlin proposes to replace Transneft head Nikolai Tokarev with Sogaz (RTS: SOGP) chief executive Sergei Ivanov, the son of Kremlin chief of staff Sergei Ivanov.

For the board of Rosneft, instead of Surgutneftegas (RTS: SNGS) head and co-owner Vladimir Bogdanov and Nikolai Tokarev, the Kremlin wants to nominate SUEK general director Vladimir Rashevsky and Jean-Pierre Thomas.

At RusHydro (RTS: HYDR), instead of NP Market Board supervisory board chairman Sergei Beloborodov, the Kremlin is proposing to nominate Andrei Burenin, deputy CEO for economics and finance at billionaire Viktor Vekselberg's IES.

On the board of FGC UES (RTS: FEES), the Kremlin wants Inter RAO UES (RTS: IRAO) head Boris Kovalchuk to be replaced by Boris Zingarevich, co-owner and board director of the Ilim Group (RTS: ILIM). The Kremlin has also nominated Zingerevich and Kaskol Group chairman Sergei Nedoroslev to the board of IDGC Holding instead of Volga Engineering Group executive director Igor Khvalin and Inter RAO manager Gennady Binko.

Tuesday is the last day to approve candidates for the boards of directors, the paper reported one source as saying.

The spokesman for the prime minister, Dmitry Peskov did not comment on the situation to the paper.

The head of the property relations department at the Economic Development Ministry, Alexei Uvarov said the "ministry presented its recommendations to the government, which in turn forwarded them to the presidential administration."

"The Economic Development Ministry has so far not received any comments," Uvarov said.

Relevant agencies initially submit recommendations for board candidates to the Federal Property Agency, which vets them with the Economic Development Ministry, the paper said. The Kremlin administration only makes changes to the lists of candidates for strategic companies, after which they are forwarded to the government staff, which prepares them for confirmation by the Prime Minister Vladimir Putin.

The Kremlin also has the right to submit its own recommendations for state companies that are not classified as strategic: Rosneft, RusHydro, FGC UES and IDGC Holding.

All differences with the Economic Development Ministry, a Kremlin source told the paper, will be resolved "in the regular course of business," or with the deputy prime ministers with the relevant briefs, or between the Kremlin and government chiefs of staff.

The decisions for certain companies, for example IDGC, "can also be made after January 31 according to their charters and legislation," he said.

Keywords: Russia, Economy, Business - Russia News - Russia

 

MOSCOW. Jan 31 (Interfax) - The Kremlin administration has made substantial changes to the Economic Development Ministry's lists of candidates for the boards of state companies, particularly companies in the fuel and energy sector, Kommersant reported on Tuesday.

"The presidential administration has prepared its own proposals for candidates to the boards of directors of state companies. They have been given to the government chief of staff Anton Vaino," the paper cited government sources as saying.

The Kremlin had no issues with the Economic Development Ministry's candidates for a number of companies, such as bank VTB (RTS: VTBR) and Sheremetyevo Airport, the paper said. The most substantial changes concerned oil and power companies.

The Kremlin, for example, believes Rosneft (RTS: ROSN) vice president Larisa Kalanda should be replaced by former State Duma deputy Yevgeny Tugolukov, who was the owner of EMAlyans.

The Kremlin is also proposing to remove Kalanda from the board of Transneft (RTS: TRNF), and replace her with Gazprombank senior vice president Mikhail Grishankov, who is also recommended for the board of directors of Rosspirtprom.

At Transneft, the Kremlin also wants to replace Russian Academy of Sciences vice president and Rosneft chairman Alexander Nekipelov with Jean-Pierre Thomas, a managing partner at Lazard banking group and a special representative of the French president for the development of Franco-Russian relations.

On the board of Rosneftegaz, the Kremlin proposes to replace Transneft head Nikolai Tokarev with Sogaz (RTS: SOGP) chief executive Sergei Ivanov, the son of Kremlin chief of staff Sergei Ivanov.

For the board of Rosneft, instead of Surgutneftegas (RTS: SNGS) head and co-owner Vladimir Bogdanov and Nikolai Tokarev, the Kremlin wants to nominate SUEK general director Vladimir Rashevsky and Jean-Pierre Thomas.

At RusHydro (RTS: HYDR), instead of NP Market Board supervisory board chairman Sergei Beloborodov, the Kremlin is proposing to nominate Andrei Burenin, deputy CEO for economics and finance at billionaire Viktor Vekselberg's IES.

On the board of FGC UES (RTS: FEES), the Kremlin wants Inter RAO UES (RTS: IRAO) head Boris Kovalchuk to be replaced by Boris Zingarevich, co-owner and board director of the Ilim Group (RTS: ILIM). The Kremlin has also nominated Zingerevich and Kaskol Group chairman Sergei Nedoroslev to the board of IDGC Holding instead of Volga Engineering Group executive director Igor Khvalin and Inter RAO manager Gennady Binko.

Tuesday is the last day to approve candidates for the boards of directors, the paper reported one source as saying.

The spokesman for the prime minister, Dmitry Peskov did not comment on the situation to the paper.

The head of the property relations department at the Economic Development Ministry, Alexei Uvarov said the "ministry presented its recommendations to the government, which in turn forwarded them to the presidential administration."

"The Economic Development Ministry has so far not received any comments," Uvarov said.

Relevant agencies initially submit recommendations for board candidates to the Federal Property Agency, which vets them with the Economic Development Ministry, the paper said. The Kremlin administration only makes changes to the lists of candidates for strategic companies, after which they are forwarded to the government staff, which prepares them for confirmation by the Prime Minister Vladimir Putin.

The Kremlin also has the right to submit its own recommendations for state companies that are not classified as strategic: Rosneft, RusHydro, FGC UES and IDGC Holding.

All differences with the Economic Development Ministry, a Kremlin source told the paper, will be resolved "in the regular course of business," or with the deputy prime ministers with the relevant briefs, or between the Kremlin and government chiefs of staff.

The decisions for certain companies, for example IDGC, "can also be made after January 31 according to their charters and legislation," he said.