Representatives of state-owned companies and big banks returned in force to Rostelecom's board of directors as only the largest minority shareholder gained a board seat at the telecommunications company's annual shareholder meeting.
The sole minority shareholder to win a seat was Marshall Capital, which placed its managing director Sergei Azatyan on the board.
Returning to the board after a hiatus were Svyazinvest's deputy general director, Mikhail Leshchenko, and VEB Capital's general director, Yury Kudimov. Seats were vacated by Renaissance Capital's chief executive for Russia, Alexander Pertsovsky; first deputy chairman of state bank VEB, Anatoly Tikhonov; and former Communications and Press Minister Igor Shchyogolev.
Correction: An earlier version of this brief incorrectly gave the company’s board makeup. Marshall Capital is represented by Sergei Azatyan, and Renaissance Capital’s Alexander Pertsovsky and VEB’s Anatoly Tikhonov are no longer on the board.