On March 2, 2018 the Board of Directors of Sistema JSFC PAO (Moscow) terminated powers of Mikhail Shamolin as President of the company effective March 12, 2018. The board appointed Andrey Dubovskov as President for a three-year term effective March 13, 2018. The Board also terminated powers of Mikhail Shamolin as Chairman of the Management Board effective March 12, 2018. Andrey Dubovskov was elected as Chairman of the Management Board effective March 13, 2018.