Last checked at 1 Jun 2012 11:39
Press release
Anton Vishanenko was appointed Deputy General Director
for Finance and Economics
01.06.2012
NCSP Group (LSE: NCSP; MICEX: NMTP) reports that from June 1, 2012 Anton Vishanenko has been appointed PJSC "NCSP" Deputy General Director for finance and economics. Andrei Bubnov, who previously held the post, leaves the company.
Rado Antolovich, PJSC "NCSP" Actiong General Director commented on the appointment: "We are glad to see Anton in our team.
His previous experience in the largest publicly traded Russian companies and successful project implementation to improve internal efficiency will enable Group to strengthen control over cash flows, which is necessary in light of NCSP's ambitious development strategy".
Andrey Bubnov has led NCSP Group financial service since June 2011.
An important task has been set before him - to build financial and budgetary policy, that is a key element of NCSP Group Development Strategy till 2020, and also to bring relations with an investment community to a new level.
In May 2012, NCSP Group under Andrei Bubnov supervision issued ruble-denominated bonds to redeem the Eurobond issue.
"Andrei Bubnov leaves the company having successfully implemented the tasks assigned to him - to restructure the loan portfolio and maintain relationships with investors, "said Rado Antolovich.
Brief biography
Before joining the company he worked as CFO in OJSC "Uralchem" in the period of 2010-2007, where he was responsible for operating planning and budgeting, corporate finance, invest relations, financial reporting, investment planning, IT system implementation, accounting and tax policy.
In the period of 2003-2007 Anton was working in OJSC "Mechel" in different positions in finance department leaving the company as CFO in 2007. Prior to OJSC "Mechel", in the period of 2000-2003 he worked in OJSC "Wimm-Bill-Dann" dealing with management accounting and financial reporting.
Anton graduated from Moscow Aviation Institute with degree in economics, received his Ph.D. degree in St. Petersburg state university and executive MBA in INSEAD.
He is an ACCA charter holder and is a member of American institute of CPAs.
About NCSP Group
NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC "Transneft" and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 050 million and EBITDA of $550 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 contact:For the press: M.Sidorov @ nmtp.info; senko@ncsp-net.com;For investment companies representatives: MGrigoriev@nmtp.info