|About Us||Products And Services||Investor Relations||Sustainability||Media center||Contacts|
The General Shareholders Meeting of OAO LSR Group has elected the following members to the Board of Directors:
1. Igor Levit, Chief Executive Officer, OAO LSR Group
2. Mikhail Romanov, Managing Director, OAO LSR Group
3. Dmitry Goncharov, Managing Director, LSR Europe GmbH (LSR Group company)
4. Lauri Ratia, Independent Director; Senior Advisor, CRH plc (publicly traded company specializing in construction materials headquartered in Dublin, Ireland)
5. Sergey Skatershchikov, Independent Director; Board Member of OAO OMZ, OAO Kirovsky Zavod, Independence Group and a number of other companies.
The first meeting of the Board of Directors held on July 9, 2007 elected Dmitry Goncharov as Chairman of the Board and set up the Audit Committee as well as the Compensation and Remuneration Committee, both chaired by independent Board directors.
«The appointment of independent directors and the formation of Board committees is another step in the Company's efforts to introduce best practices of corporate governance and enhance transparency», said Igor Levit, CEO and Board Member of OAO LSR Group.
OAO LSR Group is a vertically integrated diversified holding company, a leader of the Russian construction industry. Its core business areas are building materials manufacturing, construction and real estate development. The Group includes enterprises for aggregate extraction and processing, building materials manufacturing and transportation, and housing construction — from mass market large-panel housing to elite residential property built after designs made by leading domestic and foreign architects. LSR Group comprises a total of 21 business units consolidated into six business segments.
LSR Group has enterprises and offices in St. Petersburg, Moscow, a number of cities in Leningrad Oblast, in Lithuania, Latvia, Estonia and the Ukraine. The total number of its employees is approx. 14,000 people. According to the audited consolidated IFRS results of OAO LSR Group, its earnings in 2006 amounted to 21.1 billion rubles, a 61% increase over 2005, pre-tax income in 2006 reached 1.76 billion rubles, and net profit stood at 1.1 billion rubles.
OAO LSR Group:
No.1 in Russia in ceramic brick production
No.1 in Russia and Northern Europe in aerated concrete production
No.1 in Russia in construction aggregates production
No.1 in Russia in ready-mixed concrete production
No.1 in St. Petersburg in elite real estate development
No.1 in St. Petersburg in reinforced concrete structures production
No.1 in St. Petersburg in large-panel housing construction.
Dmitry Goncharov, born July 6, 1970 in St. Petersburg, Russia School of Economics, St. Petersburg State University, 1991 School of Economics, Ludwig-Maximilians-Universitдt, Munich, Germany, 1996 2003 — present Managing Director, LSR Europe GmbH (Munich). 1997-2003 Siemens AG, Information and Communication Networks Business Division, (Commercial Director, CIS and Eastern Europe Sales Department) 1996-1997 BBMS Treuhand GmbH, auditing and tax advice.
Lauri Ratia, born May 21, 1946 in Helsinki, Finland.
M.Sc.(Eng.) Machine Construction, University of Technology, Helsinki 1971.
AMP 1986, Harvard Business School, Boston, MA, USA.
Over 35 years of experience in professional management with machine-building, electronics, paper and equity finance companies in Finland, Sweden and the USA.
1998-2006 Lohja Rudus Group, Helsinki, Finland: Managing Director (in 1999, Finnish group Lohja Rudus was acquired by CRH plc, Dublin Ireland).
Lohja Rudus Group sales in 2006 were over Ђ 370 million with operations in over 200 locations in Finland, Estonia, Latvia and Russia (St. Petersburg) with personnel of 1,400.
Jan 2007 — present Senior Advisor and Board Member of a number of Finnish companies operating in the beer and other beverages, electronics, printing and publishing, healthcare, real estate and building materials sectors.
Sergey Skatershchikov, born May 5, 1972 in Moscow, Russia.
Geography Department (Economic Geography of Foreign Countries), Moscow State University named after M. Lomonosov, 1994 MBA, Fuqua School of Business, Duke University, USA, 2003.
15 years of experience as an entrepreneur and manager. 2006 — present Vice President for Strategy and Development, OAO MTS.
2005-2006 Director of Dresdner Kleinwort Investment Bank, Moscow.
Curently — Board Member of OAO OMZ (United Heavy Machinery), OAO Kirovsky Zavod, Independence Group and a number of other companies as well as the owner of IndexAtlas Investment Group and Skate Press information company (USA).
For more details please contact:
Press Service, LSR Group
+7 (812) 314-1044
THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.
The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.
Confirmation of understanding and acceptance of disclaimer
I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.
I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.
We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.
You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.
“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”
“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”
By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.