Last checked at 8 Aug 2012 14:01
Press release
Marat Shaydaev Elected Chairman of NCSP Board
NCSP Group (LSE: NCSP; MICEX: NMTP) reports that on 6 August 2012 the Board of Directors of NCSP has elected Marat Shaydaev as its Chairman.
Brief biography
Mr. Shaydaev worked for Russian Federation legal authorities after he graduated with a law degree from the Krasnoznamenniy Military Institute in 1990. In 2007 Marat Shaydaev graduated from the Russian Academy of Civil Service under the President with a degree in State and Municipal Office.
Mr. Shaydaev has been working with NCSP since 2011, first as Vice President, and then First Deputy CEO.
He is the Chairman of the Boards of Directors of Novorossiysk Grain Terminal, PJSC, NLE, OJSC, Baltic Stevedore Company Ltd, Primorsk Oil Terminal Ltd, and is a member of the Boards of Directors Novorossiysk Ship Repair Yard, OJSC and Novorossiysk Oil Terminal LLC (all companies are included in NCSP Group).
At the meeting on 6 August the NCSP Board of Directors also approved several related party transactions.
About NCSP Group
NCSP Group is the largest Russian port operator and the third largest in Europe by cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and its GDRs are traded on the London Stock Exchange (ticker: NCSP). NCSP is 50.1% owned by Novoport Holding Ltd, the beneficial owners of which are Transneft and Ziyavudin Magomedov (Summa Group). NCSP Group's cargo turnover in 2011 totalled 157 million tonnes. Consolidated IFRS revenue in 2011 totalled USD1,050 million, with EBITDA of USD550 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
For more information please contact:
Media: M.Sidorov@nmtp.info; ksenko@ncsp-net.com
Investors: ir@nmtp.info