Former Armenian President Robert Kocharyan was re-elected as a member of JSFC Sistema’s board of directors.

According to Sistema press service, the 12-member board of directors was elected on June 27.

JSFC Sistema is the largest diversified public financial corporation in Russia and the CIS which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services.

Robert Kocharyan was elected as the independent director of the corporation in June 2009.