HAYASTAN ALL-ARMENIAN FUND TO GET NEW CEO BY NEXT MAY

ARKA
Oct 15, 2008

YEREVAN, October 15./ARKA/. The new CEO of the Hayastan All-Armenian
Fund is to be appointed before next May.

Acting CEO Ara Vardanyan reported that the Board of Trustees is
to hold its regular meeting next May, but the issue will have been
settled by that time.

The Personnel Department, RA Presidential Administration, reports
that the deadline for applications for filling the vacancy is November
15, 2008.

The post has remained vacant since July 26, when Vahe Aghabekyants
sent in his resignation.

The Board of Trustees accepted Aghabekyan’s resignation and appointed
Ara Vardanyan Acting CEO of the Fund.

Hayastan All-Armenian Fund was founded in 1992. During its 17-year-long
activities in Armenia the Fund has implemented $185mln worth programs
in Armenia and the Nagorno-Karabakh Republic (NKR).

The Fund sponsored the construction of 463km of roads, 211km of
water-supply lines, 43km of gas pipelines, as well as the construction
and renovation of 102 schools and kindergartens, 35 hospitals and
medical stations.