News
New appointments in Sistema-Hals
MOSCOW, RUSSIA - 17 February, 2010 - Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company announces key personnel appointments in the Company. Andrei Skvortsov has been appointed the First Vice President - Director of the Finance Department, and Evgeny Borkin - the Vice President for Strategy and Development of OJSC Sistema-Hals.
«Today the Company faces serious challenges in strengthening its market position and further development. We are glad to welcome to our management team such professionals as Andrei Skvortsov and Evgeny Borkin. A long-term experience of Mr. Skvortsov in the field of finance will contribute to an efficient raising of funds to finance our projects, as well as competent management of the current debt structure of Sistema-Hals, while practical skills and an impeccable reputation of Mr. Borkin in the real estate market will be invaluable for developing company's strategy», - commented Andrey Nesterenko, Sistema-Hals President.
For reference:
Andrei Skvortsov was born in 1974 in Moscow. He graduated from the faculty of economics of the Lomonosov Moscow State University. In 1996-2007 Mr. Skvortsov worked for Rosno insurance company, holding positions of the Deputy Chief of the Fund Department, Deputy Finance Director, Deputy General Director for Finance. In 2007-2010 he was Chief Vice President of the Finance Department of VTB Bank.
Evgeny Borkin was born in 1969 in the city of Mirny, Arkhangelsk region. He graduated from Pushkin High School of Military Engineering and Construction as a civil engineer. In 1998-2007 he worked for Russian office of Bovis Land Lease starting as a Project Manager and then promoted to the Executive Manager, and the General Director. In 2007-2009 he was Managing Director of Basic Element Company. In 2009 Mr. Borkin held office as Managing Director of OJSC Glavstroy.
For further information please contact:
Anna Zavialova
Director
PR Department
Tel. +7 (495) 785-7764
zavialova@sistema-hals.ru
Ekaterina Korotkova
Corporate Secretary
Tel.: + 7 (495) 785-77-42 (ext. 3350)
korotkova@sistema-hals.ru
Sistema-Hals ("the Company") is one of the leading diversified company in the Russian and CIS real estate market.
The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and the Russian Trading System Stock Exchange.
Main shareholders of Sistema-Hals are Bank VTB (51.24%) and AFK "Sistema" (27.6%); free float is about 18%.
Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area over 450,000 square metres, including several residential complexes in Kuntsevo, the headquarters of the DaimlerChrysler company, the Hals Tower office building, the headquarters of the Trubnaya Metallurgical Company, the hotel for the MaMaison chain (Orco Property Group).
Sistema-Hals implements the development of the Leningradsky Towers complex in Moscow; carries out the complex program of redeveloping the facilites of the Moscow City Telephone networks; reconstructs the building of the Central "Detsky Mir" on Lubyanka and fulfils several other projects.
Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The Company's strategy is focused on building Class A and B office space, multifunctional retail and office complexes, business-class residential buildings.
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