In accordance with the Charter of Kubanenergo the competencies of the General Director of the Company include all questions of managing current activities by the Company, with the exception of questions lying within the competency of the general shareholders meeting, the Board of Director and the Management Board of the Company.

The General Director of the Company without letter of authority acts in the name of the Company, including:

• ensuring execution of work plans of the Company’s necessary to achieve tasks;
• organising financial recording and accounts in the Company;
• to dispose of Company property, complete transactions in the name of the Company, to issue letters of authority;
• publish inhouse regulatory acts and other internal Company documents on questions of his competencies, give instructions to be obeyed by all Company employees;
• approve Statements on branches and representative offices of the Company;
• in accordance with the overall structure of the executive apparatus of the Company approve personnel arrangements and salaries of Company employees;
• has the rights and obligations of an employer as set out in labour legislation in relation to Company employees;
• carries out the function of Chairman of the Management Board of the Company;
• allocates duties among Deputy General Directors.

Since 1 December 2010 the function of single executive body of the Company has been carried out by Georgii Akhmedovich Sultanov^*, elected by the Board of Directors on 23 November 2010 (Protocol №100/2010).

On 30 November 2011 the Board of Director extended the authority and term of Georgii Sultanov’s employment contract to 30 November 2012 inclusive (Protocol №122/2011).

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   Detailed biographical information on the General Director is contained in the information about the current membership of the Management Board.