Federal Grid Company of Unified Energy System announced that the Board of Directors on November 14, 2013 elected Oleg Budargin as its Chairman. Vyacheslav Kravchenko was elected Deputy Chairman of the Board of Directors of Federal Grid Company. Since June 2013 Mr. Budargin has been the CEO of Russian Grids Group.

Prior to this, from October 2009 to November 2013, he was the Chairman of the Management Board of Federal Grid Company. Before joining Federal Grid Company he was the Assistant to the Plenipotentiary Representative of the President of the Russian Federation in the Siberian Federal Region from 2007. Oleg Budargin is a member of the Russian Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security.