22 September 2011
Sadovaya Group (WSE: SGR PW, N/R) announced yesterday that an EGM on September 20 approved of decreasing the number of seats on its board of directors to four and made new appointments to the board. The new board of directors, which is to serve a four-year term, is founder and co-owner Oleksandr Tolstoukhov, Sergiy Stetsurin, Pierre Mestadgh and Pierre-Siffrein Guillet. The new board replaces a management heavy panel that included General Director Vitaliy Dovgal, Financial Director Iryna Daryina, Director of Coal Enrichment Nadiya Tanushkina, Head of the Legal Department Olena Abrosimova and Commercial Director Oleksandr Miroshnyk.