- Report of Foreign Issuer (6-K)
May 20 2010 - 7:03AM
Edgar (US Regulatory)
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
May 18, 2010
Pursuant
to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission file number: 333-14278
WIMM-BILL-DANN FOODS OJSC
(Exact name of Registrant as specified in its
charter)
Russian Federation
(Jurisdiction of incorporation or organization)
16, Yauzsky Boulevard
Moscow 109028
Russian Federation
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes
o
No
x
WIMM-BILL-DANN
FOODS OJSC ANNOUNCES
NEW CHAIRMAN OF THE
BOARD OF DIRECTORS
Moscow,
Russia May 17, 2010 Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today
announced that David Iakobachvili has stepped down as Chairman of the Board of
Directors but will remain on the board. By todays decision of the new Board of
Directors, elected by the AGM held on 14
th
of May 2010,
Sergey Plastinin has been elected the new Chairman of the Board of Directors.
Commenting
on the announcement, David Iakobachvili said: It has been a great honour to be
chairman of Wimm-Bill-Dann since 2001. I have watched with pride as the company
has matured over the last 9 years into a truly multinational player. I came to
the decision, in consultation with the other directors, that it was the right
time for me to step aside and allow Sergey to take up the challenging and
rewarding role of Chairman. I intend to spend greater time on projects aimed at
the macro development of the dairy sector, such as the Russian Dairy Union, as
well as my work on the Board of the Russian Union of Industrialists and
Entrepreneurs, Rusbrand and a number of other projects that are close to my
heart. I remain completely committed to continuing my work as a member of the
board of Wimm-Bill-Dann.
Sergey
Plastinin, the newly elected Chairman of the Board, said: David Iakobachvili
has set a very high standard as Wimm-Bill-Danns ambassador. That is why I see
my mission in continuing what he has begun, further enhancing the companys
already world-class standard of corporate governance. As the Chairman I will do
my best to ensure that the board fulfills its mission of providing strategic
guidance and oversight in the interests of all of our shareholders. I would
like to thank David for his service as chairman and am glad he will continue to
play an important role as director.
For further enquiries contact:
Marina Kagan
Wimm-Bill-Dann Foods OJSC
Solyanka,
13, Moscow 109028 Russia
Tel: +7 495 925 5805
Fax: +7 495 925 5800
e-mail:
kagan@wbd.ru
2
Some
of the information contained in this press release may contain projections or
other forward-looking statements regarding future events or the future
financial performance of Wimm-Bill-Dann Foods OJSC, as defined in the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
We wish to caution you that these statements are only predictions and that
actual events or results may differ materially. We do not intend to update
these statements to conform them to actual results. We refer you to the
documents Wimm-Bill-Dann Foods OJSC files from time to time with the U.S.
Securities and Exchange Commission, specifically, the Companys most recent Form 20-F.
These documents contain and identify important factors, including those
contained in the section captioned Risk Factors in our Form 20-F, that
could cause the actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others, potential
fluctuations in quarterly results, and risks associated with our competitive
environment, acquisition strategy, ability to develop new products or maintain
market share, brand and company image, operating in Russia, volatility of stock
price, financial risk management, and future growth.
NOTES TO EDITORS
Wimm-Bill-Dann Foods
OJSC was founded in 1992 and is the largest manufacturer of dairy products and a
leading producer of juices and beverages in Russia and the CIS. The company
produces dairy products (main brands include: Domik v Derevne, Neo, 2Bio, 33
Korovy, Chudo and more), juices (J7, Lubimy Sad, 100% Gold), Essentuki mineral
water and Agusha baby food. The company has 37 manufacturing facilities in
Russia, Ukraine, Kyrgyzstan, Uzbekistan and Georgia with over 18,000 employees.
In 2005, Wimm-Bill-Dann became the first Russian dairy producer to receive
approval from the European Commission to export its products into the European
Union.
In
2009, Standard & Poors Governance Services confirmed WBDs
governance, accountability, management, metrics, and analysis (GAMMA) score GAMMA-
7+. The score reflects the effective work of the Board of Directors and, in
particular, the real influence of independent directors in the decision-making
process and the adherence of the controlling shareholders to the highest
standards of corporate governance.
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SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
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WIMM-BILL-DANN FOODS OJSC
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By:
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/s/ Dmitry V. Ivanov
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Name:
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Dmitry V. Ivanov
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Title:
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CFO
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Wimm-Bill-Dann Foods OJSC
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Date:
May 1
8 20
10
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