A first meeting was held under the new composition of the Board of Directors of JSC TGC-1 on July 16, 2012, elected by the annual General Meeting of Shareholders on June 18, 2012. Kirill Seleznev, Board Member, Head of Gas and Liquid Hydrocarbons Processing and Marketing of JSC Gazprom, was elected Chairman of the Board of Directors. Denis Fedorov, Head of Electricity Sector Development and Marketing of JSC Gazprom, and General Director of LLC Gazprom Energoholding, and Alexander Chuvayev, Executive Vice-President, and a Board member of Fortum Corporation, and President of the Russian division of Fortum Corporation, and General Director of JSC Fortum were elected to be Deputy Chairmen.