Yurii Parfenov to leave NCSP OJSC Board of Directors Jan, 2010
The Board of directors of Novorossiisk Commercial Seaport group (NCSP OJSC) at a meeting dated October 21, 2009 decided on an Extraordinary general meeting of shareholders to take place January 21, 2010. As per the company’s press-service information, an issue on early termination of office of the Board of Directors members and election of new members of the Board of Directors.
Commenting on the announcement NCSP’s Chairman of the Board Alexander Ponomarenko said, ‘One of the Board members – Mr. Yuriy Parfenov – has decided to leave the office due to his appointment as the Deputy Head of the Federal Agency for Sea and River Transportation. Thus a new director has to be elected to facilitate effective operation of the Board’.
‘On behalf of all members of NCSP’s Board of Directors I would like to express our deepest gratitude to Yuriy Parfenov for his enormous contribution to the activities of the Board since 2007 until today. His professional knowledge and exclusive expertise in the transportation industry were most helpful in developing corporate strategy and expansion plans,’ Alexander Ponomarenko added.
Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group’s consolidated cargo turnover in 2008 totaled 81.6 million tonnes. Consolidated revenue to IFRS for the 2008 totaled $653.777 million.
NCSP shares are traded on Russia’s RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares).
NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.