My friend in Kremlin Tightens Grip on Gazprom
Markku Saarelainen
mjs.crypto at eudoramail.com
Mon Jul 2 08:55:31 PDT 2001
http://www.funet.fi/pub/culture/russian/voices/realaudio/international.ra
Kremlin Tightens Grip on Gazprom
By Anna Raff
Staff Writer
The government grabbed control of Gazprom at a annual shareholders meeting Friday
by securing a majority on the board of directors, a move that sets the stage for rapid
and long-awaited reforms at the unwieldy gas giant.
Government officials won six out of the 11 seats on Gazprom's board. Three seats went
to company management, while Burkhard Bergmann, vice president of Germany's
Ruhrgas, kept his seat, as did Boris Fyodorov, the outspoken representative of
minority shareholders.
The meeting also voted to effectively hand the government the power to fire the
Gazprom chief executive, amending company bylaws to require only a simple board
majority to force the CEO's departure. A unanimous board vote was previously
required.
http://www.themoscowtimes.com/stories/2001/07/02/001.html
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