Armenia’s second president Robert Kocharian was appointed an Independent Board Director of Joint Stock Financial Corporation (JSFC) Sistema OJSC, the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries.

The decision on Robert Kocharian’s appointment was adopted during an annual general meeting of shareholders on June 26, JSFC Sistema OJSC said on its website.

JSFC Sistema is the largest public diversified financial corporation in Russia and the CIS, which manages companies serving over 100 million customers in the sectors of telecommunications, high-tech, oil and energy, radio and aerospace, banking, real estate, retail, mass-media, tourism and healthcare services.