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Russian reformer Chubais to head Rosnanotech -paper

Thu Aug 28, 2008 2:59am EDT

MOSCOW, Aug 28 (Reuters) - Anatoly Chubais, one of Russia's main supporters of market-friendly reforms and former chief of now-defunct power monopoly RAO UES, will head up the state-owned Rosnanotech, Vedomosti newspaper reported on Thursday.

Russia

The business daily said Chubais would take up the post of chief executive from September and would play an active role, according to a source close to the Russian President Dmitry Medvedev's administration.

But it noted that the decision has not yet been finalised, and last-minute negotiations were going on in the Kremlin.

Rosnanotech, also known as Nanotechnology Corporation, is one of several organisations created last year to jump-start investment in infrastructure and non-energy sectors.

Vedomosti said it was the challenge of transforming the economy from a resource focus to an innovation focus that had attracted Chubais to the job.

His old firm UES was formed in the early 1990s as a stopgap between the Soviet command system and privatisation. With its assets sold or spun off, and a liberalised domestic power market in the works, it ceased to exist earlier this year. (Reporting by Toni Vorobyova, editing by Will Waterman)



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