Mikhail Koshelev and Oleg Bezdenezhnykh were elected members of the Management Board of IDGC of North-West. The company terminated Anatoly
Kushnerov and Olga Makarova from its Management Board. Mikhail Koshelev, Deputy General Director for Corporate Governance of IDGC of the North-West, JSC, and Oleg Bezdenezhnykh, Deputy General Director for Implementation of Strategic Development Projects of IDGC of the North-West, JSC, were elected members of the Management Board of the company. Mikhail Koshelev was appointed to the position of Deputy General Director for Corporate Governance on August 2, 2013 to replace Anatoly Kushnerov whose employment contract had expired. Oleg Bezdenezhnykh has begun work in the capacity of Deputy General Director for Implementation of Strategic Development Projects of IDGC of the North-West, JSC since July 26, 2013. His position is a new one in the company structure. Olga Makarova who had previously occupied the position of Deputy General Director for Economics and Finance withdrew from the Management Board due to Dmitry Guba having been appointed to the said position and introduced into the Management Board by the decision of the Board of Directors dated July 22, 2013.