Last checked at 31 Mar 2016 07:00
For immediate release 31 March 2016
Globaltrans Investment PLC
Appointment of CEO
Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"), (LSE ticker: GLTR) today announces the appointment of Valery Shpakov as Chief Executive Officer with immediate effect. He has acted in the role of Interim CEO of Globaltrans since November 2015.
The Chairman of the Board of Directors, Michael Zampelas, commented: "The Board is delighted to confirm Valery in the role of CEO. Not only does Valery have extensive sector experience and a track record of strong leadership within Globaltrans, he has further proven his suitability for the role over the past five months. We are very pleased he has agreed to take on the CEO role on a permanent basis."
Valery Shpakov has been the CEO of New Forwarding Company, the primary gondola car operating subsidiary of Globaltrans, since 2007, having joined the business in 2003. He has more than 30 years' experience in the rail industry and has held managerial positions at various companies in the transport sector.
"I appreciate the Board's confidence in me and look forward to working with them and the management team to ensure that we continue to strengthen Globaltrans as a company that both adds value for clients and creates value for shareholders," said Valery Shpakov.
ENQUIRIES
Globaltrans Investor Relations
Mikhail Perestyuk / Daria Plotnikova
+357 25 503 153
irteam@globaltrans.com
For international media
Teneo Strategy
Laura Gilbert / Sabine Pirone
+44 20 7240 2486
globaltrans@teneostrategy.com
NOTES TO EDITORS
Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group's main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
To learn more about Globaltrans, please visit www.globaltrans.com
LEGAL DISCLAIMER
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans 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 Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.