Last checked at 20 Mar 2013 08:08
press-release
NCSP Board Elects New Chairman and Calls EGM to Elect New CEO
20.03.2013
PJSC Novorossiysk Commercial Sea Port (PJSC NCSP) (LSE: NCSP, Moscow Exchange: NMTP) hereby announces the resolutions approved by the Board of Directors of PJSC NCSP in a meeting held on 19 March 2013 in the city of Novorossiysk.
PJSC NCSP's Board of Directors has approved the following resolutions as per the agenda of the meeting:
·; To elect Maksim Grishanin, First Vice-President of Transneft JSC, as Chairman of the Board of PJSC NCSP.
·; To suspend the powers of Rado Antolovic, General Director (CEO) of PJSC NCSP.
·; To appoint Yuriy Matvienko, previously Executive Director of PJSC NCSP, as Acting General Director (Acting CEO) of PJSC NCSP.
·; To approve Igor Terentyev as Executive Director of PJSC NCSP.
·; To hold and extraordinary General Meeting of Shareholders (EGM) in the form of joint presence on 18 June 2013 at 12:00 am at Port Worker's Club, 16 Portovaya Street, Novorossiysk, Russia.
·; To determine the record date for registering shareholders eligible to vote at EGM as of 29 March 2013.
·; To approve the following agenda of the EGM:
- Early termination of powers of General Director (CEO) of PJSC NSCP.
- Election of the new General Director (CEO) of PJSC NCSP.
- Early termination of powers of PJSC NSCP's Board of Directors.
- Election of the Board of Directors of PJSC NSCP.
·; To determine the composition of PJSC NCSP's Executive Board in the amount of five members and to elect the following members to the Executive Board:
- Yuriy Matvienko, Acting General Director;
- Marat Shaydaev, First Deputy General Director;
- Igor Terentyev, Executive Director;
- Denis Afanasof, Deputy General Director for Legal and Corporate;
- German Kachan, Deputy General Director for Economics and Finance.
The Board has also considered matters related to the reconstruction and modernization of hydraulic engineering installations and technological equipment of Sheskharis oil terminal.
About Maksim Grishanin
Maxim Grishanin graduated from Christian Albrecht's University in the German town of Kiel in 1995 with a degree in economics. After holding positions in finance and economics, from 2002 to 2006 he headed the project finance department of OJSC Finance Leasing Company. From 2006 to 2010 Maxim Grishanin served as Senior Vice President for Economics and Finance at CJSC Sukhoi Civil Aircraft, and in 2010 was named Director of Corporate Finance at Sukhoi Aviation Holding Company (JSC). In 2011 Maxim Grishanin joined Transneft JSC as Vice-President, and in 2012 he was named First Vice-President of the company.
About Yuriy Matvienko
Yuriy Matvienko graduated from Novorossiysk Higher Marine Engineering College in 1987 with a degree in marine navigation. In 2010 he earned an MBA degree from the International Management Institute of Saint Petersburg. He started his career with Sakhalin Shipping Company in 1987 where he worked until joining Novorossiysk Shipping Company in 1994. In 2003-2005 he worked as First Deputy Director General and subsequently Director General of CJSC Sea Port Service at the port of Primorsk. From 2005 till 2009 he served as Director General of LLC Primorsk Trade Port, and then Director General of LLC BalttransService, a subsidiary of OJSC Transnefteproduct in 2009-2011. He joined PJSC NCSP in June 2011 as Executive Director.
About Igor Terentyev
Igor Terentyev graduated from Novorossiysk Higher Marine Engineering College in 1997 with a degree of Transportation Radio Equipment Engineer. In 1999-2000 he headed CJSC Stels. In 2001-2002 he worked at LLC Seasco and at FGUP Rostek Novorossiysk as head of agency services. From 2002 till 2004 Mr. Terentyev was head of LLC Russkiy Standard, and in 2004-206 served as Deputy Director at LLC MMA-Delta. From 2006 till 2011 he worked as deputy head of marine shipments at LLC Rosinteragroservice. In 2011 Igor Terentyev joined CJSC Transneft Service as Deputy General Director for Infrastructure Projects Development.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on the Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). Novoport Holding Ltd, the beneficial owners of which are Transneft JSC and Summa Group, holds 50.1% shares of PJSC NCSP. NCSP Group's cargo turnover in 2012 totalled 159 million tonnes. Consolidated revenue according to IFRS totalled $1,050 million and EBITDA was $550 million, in 2011. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
Contacts:
Kristina Senko, Public Relations
KSenko@ncsp.com
Mikhail Shchur, Investor Relations
MShchur@ncsp.com