Yuriy Matvienko proposed as CEO of Novorossiysk Commercial Sea Port
Novorossiysk Commercial Sea Port Group announces that at its meeting on 22 May 2013 the Board of Directors of NCSP has proposed that shareholders approve Yuriy Matvienko as the CEO of JSC NCSP at the upcoming Extraordinary General Meeting of Shareholders (EGM).
The EGM will take place at 12:00 on 18 June 2013 at the Port Worker's Club, 16 Portovaya Street, Novorossiysk, Russia.
Yuriy Matvienko was proposed by PJSC NCSP shareholder Novoport Holding Ltd. The Board of Directors received no other proposals for the CEO position from PJSC NCSP shareholders.
Also the Board approved the list of candidates for the Board of Directors of PJSC NCSP to be elected by the EGM, which includes the following persons.
Nominated by the Russian Federation Federal Agency for State Property Management:
· Alexander Tikhonov, Department Director at the Russian Federation Ministry of Transportation;
· Vitaliy Sergeichuk, Deputy Division Director at the Russian Federation Agency for State Property Management.
Nominated by Novoport Holding Ltd:
· Anna Belova, Professor, Deputy Dean of the Higher School of Management of the Higher School of Economics;
· Mikhail Barkov, Vice President of Transneft;
· Alexander Vinokurov, President of Summa Group;
· Maxim Grishanin, First Vice President of Transneft;
· Sergei Kireev, CEO of Transneft-Service;
· Marat Shaydaev, First Deputy CEO of PJSC NCSP.
The Board of PSJC NCSP consists of seven seats. One seat is reserved for a representative of the Russian Federation, appointed by governmental decree in exercise of the Russian Federation’s “golden share” right. Thus only six directors are elected by the general meeting of shareholders. Currently the Russian Federation is represented by Victor Olersky, Deputy Minister of Transportation.
Novorossiysk Commercial Sea Port (NMTP Group) is Russia’s largest port operator in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of NMTP belong to Novoport Holding Ltd, the beneficial owners of which are OJSC Transneft and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port O JSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novoroslesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC. In 2012, the Group’s throughput gained 1.2% to 158.9 mln tonnes.
