The regular Annual Shareholders Meeting of OJSC JSCB “International Financial Club” (IFC) took place on June 30, 2010. The shareholders reviewed the bank’s financial results for 2009, approved the Annual Report, Balance Sheet as at January 1, 2010, and P&L Account. The shareholders have agreed not to pay dividends for 2009.
The Annual Shareholders Meeting approved the new Board of Directors of the Bank, currently represented by the following members:
· Alexander G. Abramov, EvrazInvest, President;
· Sergey V. Kuzmin, Invest AG, investment company, Chairman of the Board;
· Viktor F. Vekselberg, Renova Group, Chairman of the Supervisory Committee;
· Dmitry E. Slobodnik, Re.A.M. Management Limited (Cyprus), Counselor to Director of Investments;
· Yekaterina S. Ignatova, IFC Bank shareholder;
· Sergey V. Chemezov, Rostechnologies State Corporation, CEO;
· Alexander I. Mosionzhik, Nafta Moskva, Chairman of the Board;
· Anna A. Kolonchina, Nafta Moskva, Managing Director;
· Mikhail D. Prokhorov, ONEXIM Group, President;
· Alexander V. Popov, IFC Bank, Chairman of the Board.
Based on the results of the above, the first meeting of the newly elected Board of Directors was held respectively, appointing Mikhail Prokhorov Chairman of the Board. Mr. Prokhorov will be chairing the IFC Board in the course of the next 6 months, following which, based on the principle of rotation, the Board Chairman may be reelected.