American Chamber Of Commerce Elects New Board Of Directors At Its Fo

PRESS RELEASE

FOR IMMEDIATE RELEASE

American Chamber of Commerce in Armenia
Room 313, Marriott Armenia Hotel,
1, Amiryan St., Yerevan
Contact: Elen Ghazarian, Executive Director
Phone: 374 1 599 187
Email: [email protected]

AMERICAN CHAMBER OF COMMERCE ELECTS NEW BOARD OF DIRECTORS AT ITS FOURTH
ANNUAL GENERAL MEETING

YEREVAN, MAY 17, 2004 – American Chamber of Commerce in Armenia (AmCham)
has elected a new Board of Directors during its fourth annual general
meeting that was held on May 11th in Armenia Marriott Hotel. In addition
to twenty eight AmCham members, including proxies, Traver Gudie,
Economic and Commercial Officer from the US Embassy, Mark Fleming,
Political and Commercial Officer and Cynthia Doell, Chief Political
Officer were in attendance.

The outgoing President of AmCham, Tim Papworth, presented to the members
the activity and a detailed financial reports for the year 2003 and year
to date as of April 2004.

The parameter of activities included events such as Business Planning
and Marketing Seminars and Roundtables, Business Ethics Workshops, and
Tax Seminars.

Members meetings with Armen Tamazyan, Deputy Head of the Department for
Improvement of Tax Administration of the State Tax Service, Lise Grande,
UN Resident Coordinator in Armenia, John Ordway, US Ambassador to
Armenia and Roger Robinson, Country Manager, The World Bank Yerevan
Office were mentioned among activities that have contributed toward the
improvement of investment environment in Yerevan.

In the ensuing elections, the following officers and board members were
duly elected:

President: Edith Khachatourian (International Legal Consulting)
First Vice President: Arman Manoukian (Armenia Marriott Hotel)
Second Vice President / Treasurer: Andrew Hovhannisyan (HPLA)
Members:
Jonathan Stark (Resolution Consultants)
Alexander Poghossian (Alpha Plus Consulting)
Tigran Bostanjyan (KPMG Armenia)
Lusine Janoyan (United Global Technologies)

The following Board Observers were appointed:
Gagik Evoyan (HyLink)
Lusine Vardanyan (ACRA Credit Bureau)
Heghine Manasyan (Eurasia Foundation/CRRC)

Edith Khachatourian, new President, presented Tim Papworth, outgoing
President, with a letter of appreciation. In reference to her election
as the President of AmCham, Ms. Khachatourian stated: “ILC has been one
of the founding members of AmCham, and I have been involved as a Board
member since its inception. Now, as the President, I intend to
concentrate on increasing the membership base, as well as work more
closely with the members on identifying and addressing barriers to doing
business in Armenia.”

AmCham in Armenia is a non-profit organization dedicated to improving
the business environment.

www.amcham.am