17 Aug 2015 07:00
For immediate release 17 August 2015
Global Ports Investments PLC appoints Vladislav Baumgertner as Chief Executive Officer
Global Ports Investments PLC ("Global Ports", and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) is pleased to announce the appointment of Vladislav Baumgertner as Chief Executive Officer effective from today. He succeeds Alexander Nazarchuk who has decided to step down from the role but will continue to serve on the Board of Global Ports as a Non-Executive Director.
Vladislav Baumgertner has extensive experience of successfully developing and managing large industry-leading businesses with a strong international focus. As CEO of Uralkali, and a key member of the management team for a decade from 2003, Vladislav Baumgertner oversaw the company's transformation into the world's largest potash producer, as well as its listing on the Main Market of the London Stock Exchange.
"Vladislav' s excellent track record speaks for itself and we are delighted to have him taking up this key position at an important time for the Group," said Tiemen Meester, Chairman of Global Ports. "There are few executives with his combination of skills in developing already strong businesses to be even stronger. Vladislav has led companies in challenging economic times as well as through important periods of growth and has always done so with an eye to creating a fitter, better positioned business. He has the right expertise and experience to strengthen our leadership team as we build on Global Ports' position as the largest operator in the Russian container port sector."
Mr. Meester added: "I would also like to pay tribute to Alexander for his enormous contribution to the development of Global Ports. As CEO since it was founded, Alexander assembled an impressive team - the very best in the industry - and guided the Company through a truly transformational period, culminating in the takeover of NCC in 2013, to create the undisputed industry leader it is today. Together with this team, he has significantly improved the Group's efficiency, introduced best-in-class corporate governance standards and led Global Ports to its successful IPO on the London market in 2011. We are delighted he has accepted our invitation to remain on the Board so that we will continue to have access to his vast industry knowledge and clear vision as we take our business to new heights."
ENQUIRIES
Global Ports Investor Relations
Mikhail Grigoriev
+357 25 313 475
Email: ir@globalports.com
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Anna Vostrukhova
+357 25 313 475
E-mail: media@globalports.com
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E-mail: globalports@stockwellgroup.com
NOTES TO EDITORS
Global Ports
Global Ports Investments PLC is the leading operator of container terminals in the Russian market.
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S. in Estonia[5].
Global Ports' consolidated revenue for 2014 was USD 562.4 million, Adjusted EBITDA of USD 375.9 million. The total marine container throughput was 2,655 thousand TEU in 2014.
Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 64 ports and 140 inland services facilities, giving the company a global presence in 67 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).
For more information please see: www.globalports.com
LEGAL DISCLAIMER
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.
[1] In which Eurogate currently has a 20% effective ownership interest.
[2] In which Container Finance currently has a 25% effective ownership interest.
[3] In each of which Container Finance currently has a 25% effective ownership interest.
[4] In which Container Finance currently has a 25% effective ownership interest.
[5] In which Royal Vopak currently has a 50% effective ownership interest.