New CEO Of Zaporizhiaoblenergo Appointed.
4 October 2008
The supervisory board of the energy distribution company Zaporizhiaoblenergo (ZAON: SELL) appointed Valeriy Haponov as the company’s new CEO. In the summer of 2005 ZAON’s CEO Alexey Androschuk was prosecuted for misuse of power and was dismissed. In 1999-2003 Haponov was a representative for the National Electricity Regulation Commission in Zaporizhzhia region. Concorde Capital: The change in management is likely to increase the company?s profits by preventing the cost-increasing schemes which were employed by the old management. Thus, we expect improvements in the company?s operating activity.
