Joint Stock Company United Aircraft Corporation has decided to terminate the powers of OJSC Irkut Corporation president Alexei Fyodorov ahead of schedule. The UAC's board of directors decided to agree with the motion of UAC's executive board on the early resignation of Alexei Fedorov, president of Irkut Corporation, upon his application, as well as on the election of Oleg Demchenko, senior vice president of UAC, general director - general constructor of the Yakovlev Design Bureau, as the president of JSC Irkut Corporation.