Rajiv Mehrotra, the founder of Indian telecom firm Shyam Group, has been elected to the Board of the diversified Russian group Sistema. The election of Mehrotra was approved by Sistema's shareholders during their Annual General Meeting held on June 27, the Russian firm said in a statement.
Russian conglomerate Sistema has formed a joint venture with Shyam Telecom and has a pan-Indian licence to offer mobile services in India. Mehrotra became the first Indian to get elected to the Board of Directors of a Russian telecom firm.
The AGM approved industion of three new members: Leonid Melamed, President and CEO of Sistema, Rajiv Mehrotra, member of the Board of Directors of Sistema Shyam Teleservices, Robert Kocharyan, an independent director. The Board of Directors, therefore, comprises 4 independent non-executive directors and consists of 13 members.
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