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. Last Updated: 07/27/2016

UES Says Dyakov Excluded From Board Candidate Lists




The chairman of Russia's national electricity company Unified Energy Systems, Anatoly Dyakov, has not been nominated by shareholders to a new board of directors, company spokesman Sergei Medvedev said Wednesday.


The move will cheer foreign shareholders of UES, one of the most important companies on the Russian shares market, because Dyakov led an attempt in January to regain the post of chief executive from reformer Boris Brevnov.


Medvedev said at a news briefing that the company Wednesday had officially finished accepting nominations for the new board, due to be elected at an extraordinary meeting April 4.


Shareholders will also vote on the board at the annual meeting, which Medvedev said would take place in May or June.


"There are about 30 candidacies announced for both the extraordinary shareholders meeting and the annual meeting," said Medvedev, who is personal press secretary to Brevnov.


"If you look at the lists you can draw one conclusion -- Anatoly Dyakov, who currently nominally occupies the post of chairman, is included in none of the [candidate] lists," he added.


Investors have been waiting to see whether the government, which holds 52.7 percent of UES and has said Dyakov's attempted takeover was illegal, would support Brevnov.


An ally of government reformer First Deputy Prime Minister Boris Nemtsov, Brevnov was appointed to replace Dyakov as head of UES in a shake-up in May last year.