Far Eastern Shipping Company
Far Eastern Shipping Company: Alexander Vinokurov became Chairman of FESCO Board of Directors
Far Eastern Shipping Company / Key word(s): Miscellaneous July 02, 2013 Alexander Vinokurov became Chairman of FESCO Board of Directors FESCO Board of Directors held its meeting on June 28, 2013. The Board elected its Chairman and approved the composition of the Audit Committee and the Human Recourses and Remuneration Committee. Alexander Vinokurov, President of Summa Group, became Chairman of FESCO Board of Directors. The following directors were elected to the Audit Committee: Sergei Zakharov (Chairman of the Committee), Alexander Vinokurov, Stefan Kowski and Dmitry Kalinin. The Human Recourses and Remuneration Committee will consist of Nataliya Sedykh (Chairman of the Committee), Stephen Peel, Nataliya Chumachenko, and Marat Shaidayev. About FESCO FESCO is one of the largest Russian port owners and operators with integrated rail and logistics businesses and primarily focused on intermodal deliveries of containerized cargo. The Group owns port, rail and shipping assets, which allow it to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries. FESCO controls the Commercial Port of Vladivostok, which has throughput capacity of 3.9 million tons for general cargo and oil products, 150,000 vehicles and over 600,000 TEUs in containers. FESCO is one of Russia’s top 10 private railcar operators providing services under the Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways) brands. The Group owns a fleet of vessels mostly deployed through own line and logistics operations. In 2012, consolidated revenue of FESCO Group reached USD 1,197 million. End of Corporate News 02.07.2013 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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