PJSC "Research and production corporation "United Wagon Company" ("UWC" or the "Company") (MOEX: UWGN) announces that Alexander Sokolov has been elected Chairman of its Board of Directors. The resolution was taken at the Board’s meeting held on 15 March 2019.

Alexander Sokolov serves as President and Chairman of the Managing Board of Bank TRUST, PJSC and is a member of the Supervisory Board of VTB Bank, PJSC.

Timofey Khryapov, CEO of UWC, said: "With Alexander Sokolov, President of a leading bank, named Chairman of our Board of Directors, our company attains a higher status. Working together, we will put our joint efforts into reducing the Company’s debt load, reinforcing its market positions and raising UWC’s investment attractiveness."

UWC held an Extraordinary General Meeting of shareholders on 11 March 2019, where the following persons were elected to form the Company’s new Board of Directors:

  • Bokarev Andrey Removich
  • Varivonchik Vladimir Vladimirovich
  • Kirillov Artem Anatolievich
  • Sokolov Aleksandr Konstantinovich
  • Khalilov Rakhman Iskender ogly
  • Khryapov Timofey Vladimirovic