Members of the Supervisory Council are appointed for a five-year term. The Council is responsible for the design and implementation of the university’s development strategy, and general oversight over its activities.

Vladimir Potanin and Mikhail Prokhorov finished a series of deals terminating their mutual trust and released each other from mutual claims. Entities close to M. Prokhorov purchased all OPIN shares owned by V.Potanins entities.

Vladimir Potanin and Mikhail Prokhorov reached an agreement on termination of a mutual trust. The trust agreement was inked by both parties on March 20, 2008 with the trust manager Andrey Klishas in order to manage mutual assets. Today, the parties signed a number of agreements which are to settle all issues related to the trusts assets as well as to free each party from mutual claims. The signed agreements also provide that business entities closed to M. Prokhorov are to purchase all OPIN shares owned by V.Potanins entities.

Holding constituents Rambler Media and Afisha will be united within the framework of a single structure. The company will be built on the base of Rambler. The General Director of the joined company will be Nikolay Molibog, who previously held the post of General Director at Afisha. Dmitry Stepanov and Yekaterina Kruglova, until recently deputy general directors at Afisha, will take on the positions of Products Director and Managing Director, respectively.

ProfMedia Finance closed the books for the debut ruble bond issue on July 20. The issue is guaranteed by the parent company ProfMedia Limited. Nominal value of the issued bonds is RUB 3bln, maturity is 5 years (put option in 3 years). Semiannual coupon was set at 10.5% pa till put. Standard&Poors assigned a preliminary rating B+ to this issue. The issue was arranged by ZAO Raiffeisenbank and ZAO KB Citibank.