11.1. Equity Capital Structure

The JSC TGC-1 authorized capital was formed in the amount of 38,543,414,165.71 roubles and divided to 3,854,341,416,571 3/7 ordinary registered shares of the equal nominal value of 0.01 roubles. No changes in the structure of the JSC TGC-1 key shareholders occurred in the course of the year.

 




As of 31 December 2010, according to Closed Joint-Stock Company Special Registrar – Gas Industry Shareholder Registrar, in the JSC TGC-1 Shareholder Register were registered 292,415 shareholders including:
• holders-legal entities – 598;
• holders-individuals – 291,250;
• nominee shareholders – 31;
• beneficial owners – 3;
• others – 533.


11.2. Securities Trading

11.2.1. Shares and Dividend Policyа

In 2010, the JSC TGC-1 shares circulated on the main trading sites of the Russian securities market CJSC MICEX Stock Exchange and JSC RTC Stock Exchange. The Company’s shares were included in Quotation List “A1” of MICEX and the Quotation List “B” of RTC.

For 12 months of 2010, the JSC TGC-1 capitalization increased by 28.4% getting ahead Russian stock indices for the given period. In 2010, the RTC and MICEX indices increased by 16.8% and 14% respectively, and the sectoral indices of MICEX Energy Industry and RTC Electric Energy Industry by 39.1% and 28% respectively.


The Annual General Shareholder Meeting of JSC TGC-1 of June 28, 2010 took the decision to pay dividends on the Company’s ordinary shares on the results of the 2009 fiscal year in the amount of 0.0000436687 roubles per one ordinary share of the Company in monetary terms within 180 days following the date of the payment decision taking. The total paid dividends amounted to RUR168.3mn.

The Company’s executive bodies did not take the decision on payment of interim dividends in 2010.

Dividend Policy The Board of Directors of JSC TGC-1 approved the Company’s Dividend Policy by its decision of 24 December 2010. The Company plans to annually commit from 5% to 35% of the net profit for payment of dividends in case of the full Reserve Fund establishment. The major objective of the JSC TGC-1 Dividend Policy is to maintain the shareholder rights for drawing dividends while ensuring the balance of interests of the shareholders and the Company.

11.2.2. Bonds


11.2.3. Securities Floating Abroad

The programme of global depositary receipts (GDR) for the JSC TGC-1 shares was started on July 9, 2008. The programme opening was initiated with a view to ensuring the rights of the holders of depositary receipts of RAO UES of Russia, who, after its liquidation, received securities of the separated companies pro rata their share in the holding company.



11.3. Corporate Governance

In 2010, the Corporate Governance Rating Service of Standard & Poor’s rated the Company at the GAMMA-5 level.

The GAMMA (Governance, Accountability, Management Metrics & Analysis) rating results from the assessment by four analysis components by the scale with assessment graduation from 1 (low) to 10 (high). In 2010, JSC TGC-1 received the following assessments:
– Property structure and external influence: 4+;
– Shareholder rights: 5+;
– Transparency, audit and risk management: 5;
– Efficiency of the Board of Directors, strategic process, motivation system: 5..


11.4. Management and Control Bodies

Andrey Filippov became a new Head of TGC-1. The Board of Directors approved him as a new CEO and a Chairman of the Management board of Company since May 1, 2011. Boris Vainzikher abandoned the post of the Chairman of the Board due to the abandonment of the position of General Director of JSC TGC-1.

11.4.1. General Shareholder Meeting

The procedure of convocation, preparation, conduct, and summarizing of the General Shareholder Meeting is established by the Policy on Preparation and Conduct of JSC TGC-1 GSM approved by the General Shareholder Meeting on June 30, 2010.

One Annual General Shareholder Meeting of JSC TGC-1 was conducted in 2010.

11.4.2. Board of Directors

The procedure of activity, conduct, and meetings of the Company’s Board of Directors is governed by the Provision on Preparation and Conduct of JSC TGC-1 Board of Directors approved by the Annual General Shareholder Meeting on June 18, 2009. The Board of Directors held 25 meetings in 2010.

 


Biographical Information on the Members of the Board of Directors

Kirill Seleznev,
Chairman of the Board of Directors
Was born in 1974. Graduated from Baltic Ustinov State Technology University majoring in “Pulsing Devices and Automatic Rotary Lines” in 1997 and from St. Petersburg State University with a degree in Finance and Credit in 2002.
1997 – 1998: Manager, Baltic Finance Company LLC.
1998 – 1999: technical analyst on money market instruments, specialist, senior specialist on securities, Stock Exchange Transaction Department, JSC Investment-Financial Group “Management. Investments. Development”.
1999 – 2000: senior specialist, Investment Activity Coordination Group, JSC Maritime Port St. Petersburg.
2000 – 2001: Head, Tax Group, JSC Baltic Pipeline System (BPS), then BPS affiliate JSC Upper Volga Oil-Trunk Pipelines.
2001 – 2002: Deputy Administrator of the Board Administration – Aide to the Chairman of the Board, JSC Gazprom.
Since 2002: Board Member, Head, Gas and Liquid Hydrocarbons Processing and Marketing Department, JSC Gazprom.
Since 2003: General Director, Mezhregiongaz LLC.
2004 – 2008: Member of the Board of Directors, RAO UES of Russia.
Since 2008: Chairman of the Board of Directors, JSC TGC-1.
Holds no shares of JSC TGC-1.

Denis Fedorov,
Deputy Chairman of the Board of Directors
Was born in 1978. Graduated from Moscow Bauman State Technology University and postgraduate courses of Moscow Energy Institute, Candidate of Economic Sciences.
2001 – 2003: worked in RAO UES of Russia, then in ZAO NPVP Turbocon.
2003 – 2006: Head of Investment Technologies and Production Engineering Projects Office, EuroSibEngineering LLC and Investment Office, Gazenergoprom Corporation LLC.
2006 – 2007: Advisor to General Director, Mezhregiongaz LLC.
Since 2006: as a dual activity status, General Director, JSC Mezhregionsbyt.
Since 2007: Head, Electricity Sector Development and Marketing Office, JSC Gazprom.
Since 2008: Chairman of the Board of Directors, JSC OGK-2 and JSC OGK-6, JSC TEC Mosenergo; Deputy Chairman of the Board of Directors, JSC TGC-1.
Since 2009: General Director, Gazprom Energoholding LLC.
Holds no shares of JSC TGC-1.

Alexander Chuvayev,
Deputy Chairman of the Board of Directors
Was born in 1960. In 1983 graduated from Moscow Bauman State Technological University, specialized as a mechanical engineer.
1991–1999: took various positions in Solar Turbines Europe S.A. in Europe and USA.
1999 – 2005: took various positions in General Electric in USA and Canada.
2005 – 2006: Director for Operations, JSC OMZ.
2006: General Regional Manager, GE Oil & Gas (Russia and CIS).
2006 – 2008: Managing Director, JSC Power Machines.
2008 – 2009: Director for Investment Development, JSC SUEC. 2009: Executive Director, GE Oil & Gas (Russia and CIS).
Since 2009: General Director, JSC Fortum; Board Member, Fortum Corporation.
Member of the Boards of Directors: JSC Fortum, JSC Mondi Syktyvkar, JSC Ural Heating Grid Company (UHGC), and JSC CheliabEnergoRemont.
Holds no shares of JSC TGC-1.

Boris Vainzikher,
Member of the Board of Directors
Was born in 1968. In 1993 he graduated from St. Petersburg State Technology University and Great Britain University Open Business School with major in “Management” in 2002.
2002 – 2005: General Director, Executive Director, JSC Kirishskaya GRES.
2005 – 2007: Member of the Management Board, Technical Director, JSC RAO UES of Russia.
2007: General Director, JSC Power Machines.
2007 – 2008: Member of the Management Board, Technical Director, JSC RAO UES of Russia.
2008 – 2011: General Director, JSC TGC-1.
Holds 0.062% of the shares of JSC TGC-1.

Irina Grave,
Member of the Board of Directors
Born in 1968. In 1992 graduated from St. Petersburg State University with a Law degree and in 2000 with a degree in Financial Management.
2000 – 2004: Lawyer and Counsellor, Salans Hertzfeld and Heilbronn International LLC.
2005 – 2007: Vice President, Head of St. Petersburg Office of Fortum Power and Heat Oy (Finland).
2007: Vice President, Fortum Corporation, M&A Russia. She is a Member of the Boards of Directors of JSC Petersburg Sales Company, JSC North-West Power Managing Company, and JSC Urals Power Managing Company.
Holds no shares of JSC TGC-1.

Andrey Drachuk,
Member of the Board of Directors
Born in 1971. In 1993 graduated from Judicial and Procuracy Faculty of Sverdlovsk Labour Red Banner Order Law Institute (since 1992 – Urals State Law Academy) with a Law degree majoring in Lawyer.
2002 – 2007: Attorney-at-Law in Firm of Attorneys No. 30 of Sverdlovsk Regional Bar Association.
2004 – 2006: First Deputy Executive Director – Director for Corporate Matters and Property, Corporation AFK LLC.
2006 – 2007: Executive Director – First Vice-President, Corporation AFK LLC.
Since 2007: Head, Power Industry Investment Project Economic Analysis Department, JSC SO UES.
Since 2009: Director for Strategic Planning and Organizational Development, JSC System Operator UES.
Holds 0.0001% of the shares of JSC TGC-1.

Alexander Dushko,
Member of the Board of Directors
Born in 1964. Graduated from Engineering and Economy Academy in St. Petersburg.
2001 – 2002: Head of Fuel and Energy Complex (TEC) and Consumer Market Development Office, JSC Gazprom.
2002: Head of Budget Planning Office, JSC Gazprom; Deputy Head of Corporate Finance Department, JSC Gazprom.
From 2002: Deputy Head, Finance and Economy Department, JSC Gazprom.
Holds no shares of JSC TGC-1.

Valentin Kazachenkov,
Member of the Board of Directors
Born in 1949. In 1972 graduated from Briansk Technology Institute with major in “Turbomachinery”. He worked as Shop Manager and then Director of Power Engineering Industry Plant in Leningrad.
1994 – 1996: Deputy General Director; since 1996: General Director of Sigma-Gaz enterprise.
1999 – 2004: General Director of Peterburgregiongaz LLC.
Since 2004: General Director of ZAO Peterburgregiongaz.
Since 2007: as a dual activity status, General Director of Kaliningradregiongaz LLC. Nowadays, he is a Member of the Boards of Directors of the following organizations: ZAO Peterburgregiongaz, Peterburgregiongaz LLC, Kaliningradregiongaz LLC, JSC Lenoblteploenergo, Peterburgteploenergo LLC, and JSC Gatchingaz.
Holds no shares of JSC TGC-1.

Kari Kautinen,
Member of the Board of Directors
Born in 1964. In 1989 graduated from the University of Helsinki, Master of Laws.
Since 2005: Vice-President, Fortum Power and Heat Oy.
From 2007: Vice President, Fortum Corporation, M&A.
Holds no shares of JSC TGC-1.

Alexey Mityushov,
Member of the Board of Directors
Was born in 1975. Graduated from Baltic Ustinov State Technology University (St. Petersburg) majoring in “Pulsing Devices and Automatic Rotary Lines” in 1997, from International Educational Programme Faculty of North-West Extra-Mural Polytechnic Institute in 1999, and St. Petersburg International Management Institute (IMISP) majoring in “Master of Business Administration” in 2008.
1997 – 2003: worked at enterprises of Saint Petersburg (CJSC Open Systems, JSC Kirovsky Zavod, ZAO Development of Service Industry, JSC Electrosila, and Nevka-SPb LLC).
2003 – 2007: Head, Property and Corporate Operation Office, Mezhregiongaz LLC.
2003 – 2007: as a dual activity status, General Director of JSC Mezhregionteploenergo.
Since 2007: General Director, Gazpromenergo LLC.
Since June 2008: General Director, Chairman of the Board, JSC OGK-6.
Since 2010: General Director, Chairman of the Board, JSC OGK-2.
Holds no shares of JSC TGC-1.

Alexey Sergeyev,
Member of the Board of Directors
Was born in 1954. In 1978 graduated from Leningrad Polytechnic Institute majoring in “Mechanical Engineer”.
1977 – 1981: Assistant Secretary, then Secretary of the Komsomol Committee of Leningrad Polytechnic Institute.
1981 – 1985: Second Secretary, then First Secretary of the Kalinin District Komsomol Committee.
1985 – 1989: Deputy Shop Manager, Shop Manager, Head of Assembly Production Unit of the Production-and-Engineering Complex of the Leningrad Optical and Mechanical Association.
1989 – 1991: Instructor, then Assistant Team Leader of the Leningrad Oblast Committee of the Communist Party of the Soviet Union.
1991 – 1992: Deputy Director for Commercial Matters of Leningrad Regional Fur and Leather Products Tailoring Factory.
1992 – 2004: General Director of ZAO Sampo.
2004 – 2006: Head of Administration of the Kalinin District of Saint Petersburg.
2006 – 2009: Head of Economic Development, Industrial Policy and Trade Committee of the Government of Saint Petersburg.
Since 2009: Vice Governor of St. Petersburg.
Holds no shares of JSC TGC-1.

11.4.3. Committees of the Board of Directors

The objective of the Committee’s activity is to ensure efficient operation of the Board of Directors in solving issues referred to its competence. At present, 4 Committees function for the JSC TGC-1 Board of Directors:
– Audit Committee;
– Committee for Business Strategy and Investments;
– Committee for Human Resources and Remuneration; and
– Reliability Committee.

11.4.4. Audit Committee

The major objectives of the Company’s Audit Commission are as follows:
– control over the Company’s financial and economic activities;
– control over the conformity of the procedure of maintenance of accounting records to the legislation and internal normative acts and execution of the Company’s accounting/financial reports and annual reports;
– assistance for the enhancement of efficiency of the Company’s assets management and other Company’s financial and economic activities, decrease in financial and operational risks, and improvement of the internal inspection system.

11.4.5. Management Board

The Management Board is a collegial executive body of JSC TGC-1, which carries out management of the Company’s current operations within the framework of the competence set forth in Article 27 of the Articles of Association of JSC TGC-1. The Provision on the Management Board of JSC TGC-1 was approved by the General Shareholder Meeting of JSC TGC-1 (Minutes No. 1 dated June 18, 2009).

Members of the Management Board as of December 31, 2010:

Boris Vainzikher,
Chairman of the Management Board
Was born in 1968. Graduated from St. Petersburg State Technology University in 1993 and Great Britain University Open Business School with major in “Management” in 2002.
2002 – 2005: General Director, Executive Director, JSC Kirishskaya GRES.
2002 – 2005: Member of the Management Board, Technical Director, JSC RAO UES of Russia.
2007: General Director, JSC Power Machines.
2007 – 2008: Member of the Management Board, Technical Director, JSC RAO UES of Russia.
2008 – 2010: General Director, JSC TGC-1.
Holds 0.062% of the shares of JSC TGC-1.

Andrey Filippov
Was born in 1959. Graduated from Leningrad Lenin Higher Naval Engineering School in 1981 and St. Petersburg Baltic Ustinov State Technology University VOYENMEKH in 2002.
2006 – 2007: Deputy General Director, Peterburgteploenergo LLC.
2007 – 2009: Deputy General Director for Investments and Capital Construction, JSC TGC-1.
From 2010: Director for Capital Construction, JSC TGC-1.
From 2011: General director of TGC-1.
Holds no shares of JSC TGC-1.

Sergey Laputko
Was born in 1948. Graduated from Leningrad Technology Institute of Pulp and Paper Industry.
2002 – 2005: First Deputy General Director – Chief Engineer; Chief Engineer, JSC Lenenergo.
2005 – 2007: Chief Engineer, JSC TGC-1.
2007 – 2010: First Deputy General Director for Engineering Policy – Chief Engineer, JSC TGC-1.
From 2010: Deputy General Director – Chief Engineer of JSC TGC-1, Director of Nevsky Branch.
Holds 0.000005% of the shares of JSC TGC-1.

Kirill Lykov
Was born in 1971. Graduated from St. Petersburg State University of Economics and Finance.
2005 – 2007: Project Manager of the Directorate for Corporate Matters (2002), Deputy Director for Corporate Matters (2003- 2004), Director for Corporate Matters (2004-2006), Director for Asset Management (2006-2007), JSC Power Machines.
2007 – 2008: Deputy General Director for Operating Activities, JSC Polius Zoloto (Moscow).
2008 – 2009: Executive Director, ZAO Holding Company INTERROS.
2009 – 2010: Deputy General Director for Economy and Finance, JCS TGC-1.
From 2010: Director for Economy and Finance, JSC TGC-1.
Holds no shares of JSC TGC-1.

Sergey Redkin
Was born in 1977. Graduated from St. Petersburg State University of Technology.
2006 – 2008: Head, UES Development Department, JSC RAO UES of Russia.
2008 – 2009: Project Director, SPb Upravcom LLC.
2009 – 2010: Deputy General Director for Development, JSC TGC-1.
From 2010: Director for Development, JSC TGC-1.
Holds no shares of JSC TGC-1.

Igor Dubinnikov
Was born in 1976. Graduated from Kursk State Pedagogical University and in 2002 Oriol Regional Academy Government Service for the Russian Federation President with major in “State Management”.
2005 – 2006: Deputy General Director for Human Resources, Russian management company (RUCOM).
2006 – 2007: Member of the Management Board – Administrative Director of JSC Power Machine and Director for Human Resources and Social Welfare of Leningrad Metal Plant.
2008 – 2009: General Director, SPb Upravcom LLC.
2009 – 2010: Chairman of the Committee for Human Resources, Social Policy and Vocational Education of the Saint Petersburg Chamber of Commerce and Industry, JSC TGC-1.
From 2010: Administrative Director, JSC TGC-1.
Holds no shares of JSC TGC-1.

Alexander Antipov
Was born in 1953. Graduated from Leningrad Polytechnic Institute.
2005 – 2007: Director of Kolsky Branch, JSC TGC-1.
From 2007: Deputy General Director – Director of Kolsky Branch, JSC TGC-1.
Holds no shares of JSC TGC-1.

Raisa Stanishevskaya
Was born in 1959. Graduated from Engels Leningrad Institute of Soviet Trade.
1994 – 2005: Senior Specialist of the Methodological Group of Accounting Department; Deputy Chief Accountant; Head of the Consolidated Reporting Department of the Directorate for Economy, Finance and Accounting – Deputy Chief Accountant; Deputy Director – Head of the Audit Office, Audit and Economic Security Department, JSC Lenenergo.
From 2005: Chief Accountant, JSC TGC-1.
Holds 0.0000001% of the shares of JSC TGC-1.

Andrey Fedorov
Was born in 1960. Graduated from Leningrad State University.
2005 – 2007: Head of the Department for Special Programmes, JSC TGC-1.
2007 – 2010: Deputy General Director for General Affairs, JSC TGC-1.
From 2010: Director for Corporate Protection, JSC TGC-1.
Holds no shares of JSC TGC-1.

Valery Belov
Was born in 1972. Graduated from St. Petersburg State Technology University.
2004: Deputy Chief Engineer, JSC Karelenergo.
2005: Deputy General Director – Chief Engineer, JSC Karelenergogeneration.
2005 – 2007: Director of Kolsky Branch, JSC TGC-1.
From 2007: Deputy General Director – Director of Karelsky Branch, JSC TGC-1.
Holds 0.00000002% of the shares of JSC TGC-1.

Andrey Sokolov
Was born in 1963. Graduated from Leningrad State University.
2005: Deputy General Director for Repairs and Capital Construction, Generating Company JSC Lenenergo.
2005 – 2008: Deputy Head of the Equipment Supply Department, Head of the Department for Fuel Supplies and Procurement,
JSC TGC-1.
2008 – 2010: Deputy General Director for Procurement and Logistics, JSC TGC-1.
From 2010: Director for Logistics, JSC TGC-1.
Holds no shares of JSC TGC-1.

Members of the Management Board as of June 01, 2011:

Andrey Filippov,
Chairman of the Management Board
Was born in 1959. Graduated from Leningrad Lenin Higher Naval Engineering School in 1981 and St. Petersburg Baltic Ustinov State Technology University VOYENMEKH in 2002.
2006 – 2007: Deputy General Director, Peterburgteploenergo LLC, JSC Gazprom.
2007 – 2009: Deputy General Director for Investments and Capital Construction, JSC TGC-1.
From 2010: Director for Capital Construction, JSC TGC-1.
From 2011: General director of JSC TGC-1
Holds no shares of JSC TGC-1.

Sergey Laputko
Was born in 1948. Graduated from Leningrad Technology Institute of Pulp and Paper Industry.
2002 – 2005: First Deputy General Director – Chief Engineer; Chief Engineer, JSC Lenenergo.
2005 – 2007: Chief Engineer, JSC TGC-1.
2007 – 2010: First Deputy General Director for Engineering Policy – Chief Engineer, JSC TGC-1.
From 2010: Deputy General Director – Chief Engineer of JSC TGC-1, Director of Nevsky Branch.
Holds 0.000005 % of the shares of JSC TGC-1.

Kirill Lykov
Was born in 1971. Graduated from St. Petersburg State University for Economy and Finance.
2005 – 2007: Project Manager of the Directorate for Corporate Matters (2002), Deputy Director for Corporate Matters (2003- 2004), Director for Corporate Matters (2004-2006), Director for Asset Management (2006-2007), JSC Power Machines.
2007 – 2008: Deputy General Director for Operating Activities, JSC Polius Zoloto (Moscow).
2008 – 2009: Executive Director, ZAO Holding Company INTERROS.
2009 – 2010: Deputy General Director for Economy and Finance JSC TGC-1.
From 2010: Director for Economy and Finance, JSC TGC-1.
Holds no shares of JSC TGC-1.

Sergey Redkin
Was born in 1977. Graduated from St. Petersburg State Technology University.
2006 – 2008: Head, UES Development Department, JSC RAO UES of Russia.
2008 – 2009: Project Director, SPb Upravcom LLC.
2009 – 2010: Deputy General Director for Development JSC TGC-1.
From 2010: Director for Development, JSC TGC-1.
Holds no shares of JSC TGC-1.

Igor Dubinnikov
Was born in 1976. Graduated from Kursk State Pedagogical University and in 2002 Oriol Regional Academy Government Service for the Russian Federation President with major in “State Management”.
2005 – 2006: Deputy General Director for Human Resources, Russian management company (RUCOM).
2006 – 2007: Member of the Management Board - Administrative Director of JSC Power Machine and Director for Human Resources and Social Welfare of Leningrad Metal Plant.
2008 – 2009: General Director, SPb Upravcom LLC.
From 2009 to the present time: Chairman of the Committee for Human Resources, Social Policy and Vocational Education of the Saint Petersburg Chamber of Commerce and Industry.
2009 – 2010: Deputy General Director for Human Resources JSC TGC-1.
From 2010: Administrative Director, JSC TGC-1.
Holds no shares of JSC TGC-1.

Alexander Antipov
Was born in 1953. Graduated from Leningrad Polytechnic Institute.
2005 – 2007: Director of Kolsky Branch, JSC TGC-1.
From 2007: Deputy General Director – Director of Kolsky Branch, JSC TGC-1.
Holds no shares of JSC TGC-1.

Raisa Stanishevskaya
Was born in 1959. Graduated from Engels Leningrad Institute of Soviet Trade.
1994 – 2005: Senior Specialist of the Methodological Group of Accounting Department; Deputy Chief Accountant; Head of the Consolidated Reporting Department of the Directorate for Economy, Finance and Accounting – Deputy Chief Accountant; Deputy Director – Head of the Audit Office, Audit and Economic Security Department, JSC Lenenergo.
From 2005: Chief Accountant, JSC TGC-1.
Holds 0.0000001 % of the shares of JSC TGC-1.

Andrey Fedorov
Was born in 1960. Graduated from Leningrad State University.
2005 – 2007: Head of the Department for Special Programmes, JSC TGC-1.
2007 – 2010: Deputy General Director for General Affairs JSC TGC-1.
From 2010: Director for Corporate Protection, JSC TGC-1.
Holds no shares of JSC TGC-1.

Valery Belov
Was born in 1972. Graduated from St. Petersburg State Technology University.
2004: Deputy Chief Engineer, JSC Karelenergo.
2005: Deputy General Director – Chief Engineer, JSC Karelenergogeneration.
2005 – 2007: Director of Kolsky Branch, JSC TGC-1.
From 2007: Deputy General Director – Director of Karelsky Branch, JSC TGC-1.
Holds 0.00000002 % of the shares of JSC TGC-1.

Andrey Sokolov
Was born in 1963. Graduated from Leningrad State University.
2005: Deputy General Director for Repairs and Capital Construction, Generating Company JSC Lenenergo.
2005 – 2008: Deputy Head of the Equipment Supply Department, Head of the Department for Fuel Supplies and Procurement,
JSC TGC-1.
2008 – 2010: Deputy General Director for Procurement and Logistics.
From 2010: Director for Logistics, JSC TGC-1.
Holds no shares of JSC TGC-1.

Vadim Vederchik
Was born in 1979. Graduated from Saint-Petersburg State Polytechnic Univercity.
2001 – 2003: Chief Engineer for Client Operations and Analytical centre, JSC Lenenergo
2003 – 2005: Deputy Chief Engineer for Operation JSC Lenenergo.
2005 – 2006: Deputy Chief Engineer for Operation, Nevsky branch JSC TGC-1.
2006 – 2007: Head of Technical Policy and Developement Division of Perspective Planning and Technology Department.
2007 – 2007: Deputy Chief for Perspective Planning and Technology, JSC TGC-1.
2007 – 200: Deputy Chief for Investments and Capital Construction, JSC TGC-1.
2009 – 2011: Head of Capital Construction Project Implementation Department, JCS TGC-1.
From 2011: Director for Capital Construction, JCS TGC-1.
Holds no shares of JSC TGC-1.


Information on Remuneration and Compensation to the Members of the Board of Directors, the Members of the Management Board and General Director of JSC TGC-1 (Executive Staff). In 2010, the Company paid the short-term remuneration in money (wages, bonuses, and fringe benefits) to the executive staff for the total amount of RUR 109,269 thousand. The said sum includes the individual income tax. No long-term remuneration or loans were granted to the Members of the Board of Directors and Management Board. No extra remuneration was paid to the Members of the Management Board on the results of the 2010 fiscal year.