Cherkizovo Group Announces Results of its Board of Directors MeetingMay 18, 2017
Moscow, Russia – 18 May 2017 – PJSC Cherkizovo Group (LSE: CHE; MOEX: GCHE), the largest vertically integrated meat and feed producer in Russia, today announces the results of its Board of Directors meeting, which was held on May 17, 2017.
At the meeting, the Board took into consideration the report on Legal Regulation of the Board of Directors, as well as updates on the status of action items previously approved by the Board.
The Board approved the firstquarter 2017 consolidated financial statements (IFRS) and reviewed the firstquarter 2017 financial results press release.
The Board took into consideration reports of the chairman of the Audit Committee, the chairman of the Personnel and Remunerations Committee, the chairman of the Investment and Strategic Planning Committee.
Following the recommendations of the Personnel and Remunerations Committee, the Board approved the Report on the Board’s Self-Assessment Results, and elected Violetta Shimkevich, HR director, as a member of the Management Board increasing its composition to 14 members. The Board also nominated the candidate to the sole executive body of organization controlled by the Company.