KEMEROVO, Russian Federation—July 6, 2015 1:00 PM (UTC +7:00) —Kuzbasskaya Toplivnaya Company PJSC (KTK, MICEX: KBTK), one of the largest producers and exporters of thermal coal in Russia, held its extraordinary general meeting of shareholders and a meeting of the Board of Directors.
The general meeting approved the new composition of the Board of Directors, which now includes three independent directors. As a result of the shareholders' vote, it now includes:
The shareholders supported the decision on early termination of powers of General Director Igor Prokudin, who will continue working in the company as President, focusing on strategic issues of the enterprise development. Eduard Alekseenko, who previously held the position of First Deputy General Director, has been appointed as the new General Director.
The Board of Directors, who met on the same day, adopted resolutions on the appointment of Vadim Danilov as its Chairman and established two committees: audit committee and human resources and compensation committee.
