Sistema Board of Directors elects new Management Board

Moscow, Russia – September 14, 2015 – Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), a publicly-traded diversified holding company in Russia and the CIS, today announces that the Company's Board of Directors at the meeting held on September 12, 2015, amongst corporate, strategy and investments agenda items, has approved a change in the Company's Management Board. 

 The Management Board now comprises of the following members: 

•        Mikhail Shamolin - President and Chief Executive Officer, Chairman of the Management Board;

•        Felix Evtushenkov - First Vice-President;

•        Ali Uzdenov - Senior Vice-President;

•        Leonid Monosov – Vice-President;

•        Sergei Drozdov - Senior Vice-President;

•        Vsevolod Rozanov - Senior Vice-President;

•        Nikolay Vasilkov - Vice-President, Head of Strategy Division;

•        Oleg Mubarakshin – Vice-President, Head of Legal Division;

•        Elena Vitchak – Vice-President, Head of HR Department;

•        Vladimir Shukshin - Vice-President, Head of Security and Information Technologies Department,

•        Evgeniy Chuikov – Vice-President, Head of Corporate Communications. 

Biographical Information: 

Vladimir Shukshin has been working at Sistema JSFC since September 2014. He was appointed Vice-President, Head of Security and Information Technologies Department in March 2015. Previously, he served as Deputy Director General for Security at JSC Russian Networks, Deputy Chairman of the Board of JSC FGC UES, Deputy General Director for Security at JSC IDGC Holding. He also worked for the Moscow Government and in the state security department of the Russian Federation. He graduated from the Russian State Institute of Physical Education, the Academy of the Federal Security Service with a Law degree, the Russian Academy of Public Service under the President of the Russian Federation with a degree in the State and Municipal management. He also has Ph.D. in Political Science. 

Evgeniy Chuikov has been working at Sistema JSFC since 2010 as the Managing Director of Investor Relations, in the Corporate Communications Division. Since May 2014, Mr. Chuikov has been serving as Acting Head of the Corporate Communications Division. From 2006 to 2010, he worked at Pelham Bell Pottinger, one of the leading communications agencies in the UK. From 2009, he served as Associate Director and led a team focused on advising Russian and CIS listed and private companies. Mr. Chuikov graduated from the Courtauld Institute of Art in London in 2005. In 2007 he completed the Investor Relations programme at the Investor Relations Society (UK).  

For further information, please visit www.sistema.com or contact: 

Investor Relations

Yulia Katukova

Tel: +7 (495) 692 22 88


Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 27



Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of RUB 164.0 billion for the second quarter of 2015, and total assets of RUB 1,175.7 billion as at June 30, 2015. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the Moscow Exchange. Website: www.sistema.com 

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940. 

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. In addition, there is no assurance that the new contracts entered into by our subsidiaries referenced above will be completed on the terms contained therein or at all. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

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Sergey Kopytov
Tel.: +7 (495) 228 15 27

Eleonora Veitsman
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Dmitry Kolchugin
Tel.: +7 (495)  692-10-88