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Electronics Production | November 01, 2007

Sitronics appoints new management board

Russian based wafer company Sitronics has appoints new management board.
At the Board of Directors’ meeting, held on October 31, 2007, the following deception was made. The Board of Directors approved the appointment of the Management Board as follows:

* Sergey Aslanyan
* Maxim Ageev
* Dmitry Ivanov
* Gennady Krasnikov
* Alexander Lutsenko
* Evgeny Maximenko
* Alexandros-Stergios Manos
* Oleg Shcherbakov

Sergey Aslanyan, President and Chief Executive Officer of Sitronics, was elected Chairman of the Management Board.

For the six months ended June 30, 2007, Sitronic's revenues were US$ 638.3 million. As of 30 June 2007, SITRONICS had total assets of US$ 1.7 billion. Sitronics is majority owned by Sistema.

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