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The AGM by the majority of votes approved the Annual report of OJSC LSR Group for 2009 based on FFMS standards and 2009 Russian Financial Reporting Standards (RFRS)-based financial statements. The Shareholders Meeting also approved a composition of the Board of Directors, increased from 7 to 9 members, and elected a new Board of Directors including 4 independent non-executive directors (2 of them were elected for the first time).
1. Dmitri Gontcharov, Managing Director of LSR Europe GmbH (a subsidiary of LSR Group).
2. Igor Levit, Chief Executive Officer of LSR Group.
3. Mikhail Romanov, Managing Director of LSR Group.
4. Elena Tumanova, Chief Financial Officer of LSR Group.
5. Olga Sheikina, Head of LSR Group Moscow Office.
6. Kirill Androsov, Independent Non-Executive Director.
7. Sergey Skaterschikov, Independent Non-Executive Director.
8. Ilgiz Valitov, Independent Non-Executive Director.
9. Vladislav Inozemtsev, Independent Non-Executive Director.
The Meeting fully re-elected the Check-up Committee of OJSC LSR Group including:
1. Dmitry Kutuzov, Deputy CFO, Head of Treasury and Planning of LSR Group
2. Dmitry Trenin, Director of Corporate Capital Management of LSR Group
3. Yury Terentyev, Director of Information and Analytics of LSR Group
The Meeting approved CJSC KPMG as auditor of the Company’s IFRS-based consolidated financial statements for 2010, and CJSC Audit-Servis as auditor of financial statements based on the Russian Accounting Standards.
The AGM approved the inclusion of the Collegial Executive Body (Executive Committee) into the Governing bodies of OJSC LSR Group together with the existing Sole Executive Body (Chief Executive Officer), approved the revised Charter, revised Regulations on the Board of Directors,revised Regulations on General Meeting of Shareholders and also approved Regulations on the Executive Committee of the Company.
The Shareholders also decided not to declare any pidends on ordinary registered shares of the Company for 2009 financial year, and approved interested-party transactions.
Note to Editors:
Dmitri Gontcharov, Managing Director of LSR Europe GmbH (a subsidiary of LSR Group), member of the Board of Directors of OJSC LSR Group.
Born in 1970. He was a student of the Economics Faculty of St. Petersburg State University until 1991, in 1996 - graduated from Ludwig-Maximilians-Universität (Munich) with a degree in Economics. Has been working in LSR Group since 2003.
In 1996-1997 he worked in the Audit and Tax Consulting Department of BBMS Treuhand GmbH. From 1997 to 2003, he was Commercial Director of the Sales Department at Siemens AG, CIS and Eastern Europe Region of the Information and Communication Networks pision.
Dmitri Gontcharov has been Managing Director of LSR Europe GmbH, Munich since 2003. At present he is also a member of the Executive Committee of Aeroc International AS.
Igor Levit, Chief Executive Officer of LSR Group, member of the Board of Directors of OJSC LSR Group.
Born in 1971. Graduated from St. Petersburg State Technical University in 1994. PhD in technical sciences. Awarded the classification of Honored Builder of Russia. He has been working in LSR Group and its subsidiaries since 1994.
In 1994-1995 he held a position of manager in OJSC Construction Corporation Renaissance (Revival) of St. Petersburg, from 1995 to 1997 he was a sales director of OJSC Zavod Tekon. From 1997 – a sales director of OJSC Lenstroykeramika. In 1999 he became a Deputy General Director of CJSC NPO Keramika, and then – a General Director. From 2002 – Vice President and from 2004 – First Vice President of LSR Group. Since 2006 – he is CEO of LSR Group.
At present Igor Levit is a member of the Board of Aeroc International AS (Estonia) and of the Board of Directors of OJSC Betfor and OJSC Stroydetal.
Mikhail Romanov, Managing Director, member of the Board of Directors of OJSC LSR Group.
Born in 1957. Graduated from Leningrad Arctic School in 1977 and Admiral Makarov Leningrad Higher Maritime Engineering School in 1983. Has been working in LSR Group and its subsidiaries since the year of its foundation - 1993.
From 1993 to 2002 he was a General Director of OJSC Stroydetal. In 2002 became a Vice President of LSR Group. In 2005 he was a Head of new projects. Since 2006 and until now – he is a Managing Director, responsible for new projects of LSR Group. He is also a General Director of OOO Cement (a subsidiary of LSR Group, implementing a cement plant construction project), a member of Supervisory Committees of CJSC Efimovsky Timber Industry Enterprise and OOO MM-Efimovsky
Elena Tumanova, Chief Financial Officer of LSR Group, member of the Board of Directors of OJSC LSR Group.
Born in 1958. Graduated from Leningrad Shipbuilding Institute in 1981, St. Petersburg State University of Economics and Finance in 1995, International Banking Institute and Stockholm University Business School in 2007. Has a degree of Master of Economics and additional qualification – Master of Business Administration. Awarded the classification of Honored Builder of Russia. Has been working in LSR Group since the year of its foundation - 1993.
From 1993 till 2000 Elena Tumanova held a number of Chief accountant positions in the subsidiaries of LSR Group. Since 2000 and until now she is Chief Financial Officer of LSR Group.
Elena Tumanova is an auditor certified by the Russian Ministry of Finance and is also a member of the Russian Chamber of Auditors.
Olga Sheikina, Head of LSR Group Moscow Office, member of the Board of Directors of OJSC LSR Group.
Born in 1960. Graduated from St. Petersburg State Mining Institute in 1983 and St. Petersburg State University of Economics and Finance, Management Program in 2000. Has been working in LSR Group and its subsidiaries since the year of its foundation – 1993. At present Olga Sheikina is a Head of LSR Group Moscow Office, Head of the Board of Directors Administration of OJSC LSR Group and Head of Administrative Department of OOO LSR.
Kirill Androsov, member of the Board of Directors of OJSC LSR Group, Independent Non-Executive Director.
Born in 1972. Graduated from State Marine Technical University of St. Petersburg and Business School of the Chicago University (EMBA). From 1999 to 2004 he was a First Deputy General Director, CFO of OJSC Lenenergo, from 2004 to 2005 was a Head of the Department for governmental regulation of tariffs and infrastructure reforms of the Russian Ministry of Economic Development and Trade, from 2004 to 2008 – member of the Board of Directors of OJSC Rosneft Oil Company, from 2005 to 2008 – Deputy Minister of Economic Development and Trade of Russia, from 2006 to 2008 – member of the Board of Directors of OJSC RAO UES of Russia, from 2007 to 2008 – member of the Supervisory Committee of OJSC Bank VTB.
At present Kirill Androsov is a Chairman of the Board of Directors of OJSC VVC Government Corporation and a member of the Board of Directors of OJCS Aeroflot.
Sergey Skaterschikov, member of the Board of Directors of OJSC LSR Group, Independent Non-Executive Director.
Born in 1972. Graduated from Moscow State University in 1994 and Fuqua School of Business, Duke University, USA with a Global Executive MBA in 2003.
From 2005 to 2007 he was an investment banking director within Dresdner Kleinwort Bank, Moscow. Until November 2008, Sergey Skaterschikov was a Vice President, Strategy and Development of OJSC MTS.
At present Sergey Skaterschikov is a General Director of OOO Skate Capital, a member of the Board of Directors of OJSC OMZ and Independence Holding Limited. He is also a lecturer in Moscow State University now.
Ilgiz Valitov, member of the Board of Directors of OJSC LSR Group, Independent Non-Executive Director.
Born in 1964. Graduated from Kazan Institute of Finance and Economics.
From 2002 to 2007 was a General Manager of a Branch and Vice-President of OJSC VTB Bank . From 2003 to 2006 – a member of the Board of Directors of OJSC Kamaz.
At present Ilgiz Valitov is a Director of Regional Development Department, State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank). A member of the Board of Directors of OJSC Kaluga Region Development Corporation, OOO VEB-Invest, OJSC 31 Novinsky Boulevard, OJSC Razgulyay Group, OOO Titan Agro, and also a member of Supervisory Committee of Moscow Open Joint Stock Company Slava (Moscow 2nd Watch Factory).
Vladislav Inozemtsev, member of the Board of Directors of OJSC LSR Group, Independent Non-Executive Director.
Born in 1968. Graduated with honors from Moscow State University. Doctor of Economics.
From 1999 to 2003 was a Chairman of the Executive Committee of OJSC Moscow-Paris Bank, from 1999 and until now – a member of the Board of Directors of OJSC Moscow-Paris Bank.
Since 2007 he has been a Director of Research and Development Centre for Post-industrial Society Studies and a chief editor of the Free Thought Magazine. At present Vladislav Inozemtsev is also a lecturer and professor of Higher School of Economics, member of the Board of Directors of CJSC RRR and CJSC Military-Memorial company.
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUR 51,024 (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
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