Bloomberg News

Sistema Telecom Chief Executive Officer Shchebetov Resigns

June 07, 2007

ZAO Sistema Telecom Chief Executive Officer Sergei Shchebetov will step down tomorrow of his own accord.

Sistema Telecom, a unit of billionaire Vladimir Yevtushenkov's AFK Sistema holding company, accepted Shchebetov's resignation at today's board meeting, the Moscow- based company said in an e-mailed statement.

Shchebetov joined Sistema in 2001 and last year became chief of Sistema Telecom, an umbrella company for phone operators including OAO Mobile TeleSystems and OAO Comstar United Telesystems.

Chief Financial Officer Shamil Kurmashov has been appointed acting CEO of Sistema Telecom.

To contact the reporter on this story: Lyubov Pronina in Moscow at lpronina@bloomberg.net.

To contact the editor responsible for this story: Lars Klemming at lklemming@bloomberg.net.


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