Sistema's Board of Directors appointed Tagir Sitdekov, who had been the company's managing partner for more than a year, as the corporation's president. Vladimir Chirakhov, who used to hold this position, will focus on his own projects and join the boards of directors of a number of the corporation's portfolio companies. The Board of Directors of the corporation was also renewed. It was left by Felix Evtushenkov, Senior Managing Partner of the corporation, Vladimir Chirakhov and Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs.