The Board of Directors of the OJSC Concern “Kalina” has take a decision to recommend to the General meeting nominees for election of two independent directors in the Board of Directors.
The Board of Directors of the OJSC Concern “Kalina” has take a decision to recommend to the General meeting nominees for election of two independent directors in the Board of Directors. The following nominees are included in the bulletin for the secret ballot for election of the Board’s members.
Johan Grietsen Hendrik Vreeman, independent director.
Johan Grietsen Hendrik Vreeman was born on the 20th November 1945, graduated from the university in Amsterdam and finished Wharton Business School in Philadelphia. He serves as a director for various companies in Russia as well as in Netherlands. Prior to joining Kalina he served as the Chief Executive of Rabo Black Earth B.V. from 1998 until 2002. He also currently serves as Managing Director of Corpeq B.V. Johan Vreeman has served as one of our Directors since 2000, starting for July 2003 he served as an independent director in the Board of Directors of the OJSC Concern “Kalina”, from May 2004 he is an independent chairman of the Board of Directors of the OJSC Concern “Kalina”.
Reinhold Schlensock, independent nominee.
Reinhold Schlensock was born in 1967. MBA degree (Diplom-Kaufmann). He worked for Procter&Gamble GmbH, Eckes AG, was a member of the directorate of Eckes Granini Deutschland GmbH. He is a expert in cosmetic, perfumery, household chemicals industries.
Elections for the Board of Directors will be conducted at the Extraordinary General Meeting on the 10th August, 2004. Issues of the interim dividends for the first halve year of 2004 and of the election of the Board’s members are included in the agenda. The General Meeting will have to elect 7 members of the Board of Directors
About the company. JSC concern “Kalina “ is one of the leaders of the Russian perfumery and cosmetics producers. The leading brands of the company are “Black Pearl”, ”Clean Line” and “MIA” among the skin-care products, “32”, “Forest Balsam”- on the mouth-care market, ‘Angelica Varum” – among perfumes.
Concern “Kalina” consists of factories as follows, except factory in Ekaterinburg:
- Omsk factory of detergents
- Subsidiary "Pallada Ukraine" (Ukraine)
- Subsidiary factory "Novoplast"
- Kalina Overseas Holding B. V. (Netherlands)
Further information you may get from the press-secretary of the JSC concern ‘Kalina”- Kazantsev Sergey, tel./fax.(343) 365 83 06, e-mail: pressa@kalina.org.
Statements on development prospects of the company. Certain information of the present press-release may contain forecasts or any other statements on the development prospects or future financial indices of the JSC concern ‘Kalina”. You should bear in mind that these statements do not guarantee attaining the stated results
or occurrence of any forecast events of company’s performance. They include risks, uncertainty and assumptions which the company can not exactly forecast. Correspondingly, actual indices and results of company’s operation may considerably differ from the stated data or forecasts shown in the statements on the development prospects of the company. The company does not intend to make any changes in the indicated statements in order to bring them into accord with actual results.
Not for distribution in the USA.
The present press-release is not a security sales offer in the USA. Securities can not be offered for sale or be sold in the USA without registering them in the US Committee on Securities and Exchanges or according to the exceptions to the registering rules.
Present announcement is for distributing among persons who may receive it in the circumstances in which article 21(1) of the Law of financial service and markets 2000 does not apply to the company.
Copies of the present announcement are not being directed to or cannot be distributed in Canada and Japan.
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