Reuters: Technology News: Russia set to remove CEO from Rostelecom board: agency

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Russia set to remove CEO from Rostelecom board: agency Mar 4th 2013, 18:36 Tweet Share this Email Print Related News Rostelecom bets on mobile internet, cloud to grow Wed, Feb 20 2013 Analysis & Opinion The danger of a CEO's double-dip Alexander Provotorov, chief executive of Rostelecom, poses at his office in Moscow February 21, 2013. Credit: Reuters/Maxim Shemetov MOSCOW | Mon Mar 4, 2013 1:36pm EST MOSCOW (Reuters) - Alexander Provotorov, the CEO of Russian telecom firm Rostelecom, looks set to lose his place on the company's board after the government backed a list of candidates that did not include him, according to Russia's Prime news agency. The government, which has a 53 percent stake in Rostelecom via state holding company Svyazinvest, has been critical of management's plans to expand in the competitive mobile market, as well as a weak share price, prompting media speculation that Provotorov could be replaced. Prime cited an unidentified source on Monday as saying Provotorov was not included on a list of board candidates backed by the government. Rostelecom declined to comment. It remained unclear whether Provotorov could hold on to the chief executive position if he was eliminated from the board. The list included the former CEO of Swedish telecoms group Tele2's Russian unit, Dmitry Strashnov; the head of state telecoms holding company Svyazinvest, Vadim Semyonov; and VEB Capital head Yury Koudimov. "The list is approved by the government," Prime said, citing the source. Provotorov took the helm at Rostelecom in July 2010 when the communications ministry was headed by Igor Shchyogolev - now in the Kremlin as an aide to President Vladimir Putin. Last April Provotorov's contract was extended until mid-July 2015. (Reporting Anastasia Teterevlyova; Writing by Maya Dyakina; Editing by Megan Davies and Mark Potter) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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