STAFF MANAGER OF YEREVAN BRANDY COMPANY HRANT BAGRATYAN TO RESIGN BY THE END OF JUNE

ARKA News Agency, Armenia
May 24 2006

YEREVAN, May 24. /ARKA/. Staff and Grape Purchase Manager of the
Yerevan Brandy Company (YBC), RA ex-Prime Minister Hrant Bagratyan
will resign by the end of June, upon his own application, according
to the Press Service of the YBC. Bagratyan has been Staff and Grape
Purchase Manager of the YBC since 1998.

“YBC Board of Directors expresses its gratitude to Mr. Bagratyan
for his service in establishment of good relations between the YBC
and wine-growers of Armenia, as well as for his contribution to
strengthening company’s authority and image in the republic, and
wishes success in future activities”, YBC press release says.

The Press Service also informed that the Administrative-Financial
Manager of the YBC from 1999 to 2006 Alexander Ghazaryan has been
appointed Regional Director of Pernod Ricard in Kazakhstan. His post
will be taken up by Ignaty Arakelyan, who has been Chief Accountant
of YBC since 1999.

In June 1998 YBC joined Pernod Ricard group international corporation
owner of a number of famous trade brands of spirits. Pernod Ricard
company obtained Yerevan Brandy Company at international tender for
$30 mln.