Global Ports announces names of new Chairman and Vice Chairman of the Board and Board Committees
Global Ports Investments PLC ("the Company" and, together with its subsidiaries and joint ventures, "Global Ports" or "the Group"), the leading container terminal operator serving Russian cargo flows (LSE ticker: GLPR), today announces that the new Board of Directors (“the Board”), appointed on 23 January 2013, held its first meeting that same day and elected Mr Nikita Mishin as Chairman and Mr Kim Fejfer as Vice Chairman of the Board of Directors of the Company.
Among other resolutions, the Board also passed the following:
1. To elect Mrs. Siobhan Walker as the Chairman of the Audit and Risk Committee and to elect Mr. Kim Fejfer, Mr. Mikhail Loganov, Mr. Tiemen Meester and Mr. Konstantin Shirokov as the members of the Audit and Risk Committee
2. To elect Capt. Bryan Smith as the Chairman of the Nominations Committee and to elect Mr. Kim Fejfer, Mr. Alexander Iodchin, Mr. Tiemen Meester and Mr. Nikita Mishin as the members of the Nominations Committee
3. To elect Capt. Bryan Smith as the Chairman of the Remuneration Committee and to elect Kim Fejfer, Mr. Mikhail Loganov, Mr. Tiemen Meester and Mr. Nikita Mishin as the members of the Remuneration Committee
Annex to the Announcement: Brief biographies of the members of Committees (in alphabetic order)
Kim Fejfer
Mr. Fejfer was appointed CEO of APM Terminals in June 2004 and is based in The Hague, Netherlands company headquarters. He has been a member of the Maersk Group’s Executive Board since January 2011 and is also responsible for DAMCO and Maersk Container Industry. Mr. Fejfer first joined the A.P. Moller-Maersk Group in 1992 and has held a number of roles within the company including positions based in Denmark, Jakarta and Tokyo and became Senior Vice President and Chief Financial Officer of Maersk Inc based in New Jersey, USA in 2000. Mr. Fejfer graduated from the University of Aarhus, Denmark with a Master’s in Finance and Economics. He served as an officer in the Danish Army, and has attended management programs at IMD, Switzerland, Cranfield School of Management in England and Harvard Business School in Cambridge, Massachusetts.
Alexander Iodchin
Mr. Iodchin was appointed as an executive member of the Board of Directors of the Company with the functions of the Secretary of the Board of Directors and the internal auditor of Global Ports in 2008. He resigned from the position of internal auditor in 2011. Mr. Iodchin currently also serves as a member of the Board of Directors of Vostochnaya Stevedoring Company LLC (“VSC”) and Railfleet Holdings Limited. Mr. Iodchin has held a position as a member of the Supervisory Board of Forstok Invest OÜ and Baleani Invest OÜ since February 2008. Mr. Iodchin graduated from the Lomonosov Moscow State University where he obtained a Master's degree in Economics. He also completed a post-graduate program at the Moscow Institute for Economics and Linguistics and the Lomonosov Moscow State University, where he obtained a Ph.D. in Economics. Mr. Iodchin was a teaching assistant in the Economics Faculty of the Lomonosov Moscow State University from 2004 until June 2008. He has a diploma in international finance, reporting standards and corporate finance.
Mikhail Loganov
Mr. Loganov was appointed as a non-executive member of the Board of Directors of Global Ports in 2008. Mr. Loganov serves as a director of CD Holding Oy, Multi-Link Terminals Ltd and Multi-Link Terminals Ltd Oy. Mr. Loganov has also served as an executive director of Globaltrans and a member of its nomination committee since March 2008.
From 2001 until 2004 Mr. Loganov worked as a financial analyst for American Express (Europe) Ltd. Since 2004 Mr. Loganov has held a number of management positions within N-Trans group.
He graduated from the University of Brighton in the UK, with a BA honours degree in Business Studies with Finance.
Tiemen Meester
Mr. Meester was appointed Head of Business Implementation of APM Terminals and Vice President in July 2011. He has held various management positions within APM Terminals across Europe, the Middle East and CEE, including Country Manager for Russia and Area Manager for the Eastern Europe for Maersk Line, and CEO of the Port of Salalah, Oman and Regional Manager for West and Central Asia region for APM Terminals. On APM Terminals Group level, he was appointed as CCO in 2007 and Head of Human Resources and Labour Relations in 2008. He began his industry career in 1992 at Sea-land Service Inc. and held operational managerial positions in Latvia, Russia and Pakistan before the company was acquired by AP Moller in 1999.
After graduation from the Dutch Naval College as an engineer and Merchant Marine Officer, Mr. Meester served as a Mariner, spending five years at sea with the merchant fleet, rising to the rank of First Officer before joining Sea-Land Service in 1992. His post-graduate education includes advanced Management and Business course work at the University of Groningen in the Netherlands, Columbia University in New York City, and Harvard Business School in Massachusetts.
Nikita Mishin
Mr. Mishin was appointed as a non-executive member of the Board of Directors of Global Ports and elected as its Chairman in 2008. In addition, Mr. Mishin has served as the Chairman of the Board of Directors of Petrolesport since 2007 and the Chairman of the Board of Directors of VSC since October 2005. Mr. Mishin has also held the positions of a member of the Board of Directors of Sevtekhnotrans OOO since September 2007 and member of the Board of Directors of New Forwarding Company OAO since June 2007. Mr. Mishin served as a member of the Board of Directors of Severstaltrans ZAO from 1996 until April 2008 and the commercial director of Severstaltrans ZAO from 1996 until September 2009. He graduated from the Lomonosov Moscow State University where he studied philosophy. Mr. Mishin is one of the controlling shareholders of TIHL.
Konstantin Shirokov
Mr. Shirokov was appointed as a non-executive member of the Board of Directors of the Company in 2008. Mr. Shirokov is currently Financial Manager and a member of revision committees of a number of companies of TIHL's group, which positions he has held since 2005 and 2007, respectively. Mr. Shirokov has served as a member of the Board of Directors and an internal auditor for Globaltrans since 2008. He has more than ten years of experience in the areas of financial planning, budgeting, and auditing. Mr. Shirokov graduated from the Finance Academy of the Russian Federation where he studied International Economic Relations. Mr. Shirokov has also completed a course in Business Management at the Business School of Oxford Brookes University, UK.
Capt. Bryan Smith
Capt. Smith was appointed as a member of the Board of Directors of the Company in 2008 and is a senior independent non-executive director. Capt. Smith has also held the positions of Chairman of the Board of directors of Asian Terminals Incorporated from 2005 to 2009. Capt. Smith served as vice president and managing director for South East Asia at DP World until his retirement from this position in July 2008. He also served as a member of the Board of Directors of VSC and VICS from 1999 until 2008, Railfleet Holdings Limited from 2005 until 2008 and as deputy chairman of the Board of Directors of LCIT (Laem Chabang, Thailand) from 1999 until 2008 and as Chairman of the Board of Directors of SPCT (Saigon, Vietnam) from 2006 until 2008. Capt. Smith is currently serving as the chairman of Sydney Ports Corporation. He received his master mariner qualification at the University of Technology, Sydney, Australia and is a graduate of the Advanced Management Program, Macquarie Graduate School of Management, Macquarie University, Sydney, Australia.
Siobhan Walker
Mrs. Walker was appointed as a member of the Board of Directors of the Company in May 2011 and is an independent Non-executive Director and Chairman of the Audit and Risk Committee. Mrs. Walker has over 20 years of banking experience in across multiple disciplines and geographies. She is currently Managing Director with the UK Corporate Division and Financial Sponsor Coverage in ING Bank N.V., London. Prior to this, Mrs. Walker held a number of senior managerial positions in the Moscow office of ING Bank Eurasia over a period of 13 years. She graduated with Honours from the University of Sussex with a B.A. in International Relations.
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 30% of the total container volumes in Russian ports and 23% of the total exports of fuel oil from the former Soviet Union countries.
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates three container terminals in Russia (Petrolesport and Moby Dik in St. Petersburg, Vostochnaya Stevedoring Company in the Vostochny Port) and two container terminals in Finland (Multi-Link Terminal Helsinki and Multi-Link Terminal Kotka). Global Ports group also includes Yanino Logistics Park located in the vicinity of St. Petersburg and a major oil terminal, Vopak E.O.S., in Estonia.
Global Ports' consolidated revenue for the six months ended 30 June 2012 was USD 255.7 million. Adjusted EBITDA for the year six months ended 30 June 2012 was USD 145 million.
The Group's Russian Ports segment handled a total container throughput of approximately 709 thousand TEUs in the first half of 2012 (excluding Yanino).
N-Trans group, one of the largest private transportation and infrastructure operators in Russia, owns 37.5% of Global Ports. APM Terminals also owns a 37.5% stake in Global Ports. Headquartered in The Hague, Netherlands, APM Terminal’s core expertise is the design, construction, management and operation of ports, terminals and inland services with a Global Terminal Network of 56 operating port facilities and 155 Inland Services operations, giving APM Terminals a global presence in 64 countries.
In June 2011 Global Ports listed its GDRs on the Main Market of the London Stock Exchange.
