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    UNITED RUSSIAN POWER GRID: VICE-CHIEF GOES

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    MOSCOW, MARCH 4, RIA NOVOSTI - Leonid Melamed, United Russian Power Grid first deputy board chairman, is quitting the company, corporate PR announced in a press release tonight.

    He is going of his own free will, emphasises the release.

    "Too many will find it hard to believe one may leave a job like that without a conflict, confrontation or disgraceful controversy. That is natural-Russian practice does not offer many instances of voluntary resignations," says Anatoli Chubais, company board chairman.

    "I am of the finest opinion of Mr. Melamed as a person. That is why I think people of his rank and class have every right to determine what to do, and decide to take up something new." The boss says how much Leonid Melamed has done to steer the company out of a crisis. "He is among Russia's most competent financial managers. He made a unique contribution to Power Grid anti-crisis management to turn it into a latter-day company.

    "People with Power Grid schooling have key posts in the federal government and parliament, to say nothing of the business world. Many will be anxious to employ Leonid Melamed, I am sure," concludes Anatoli Chubais.

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