Victor Pilnikov, the board’s deputy chairman and its secretary Elena Kiryukhina resigned, replaced by Vitaly Kandalintsev and Marina Razdorsky.
The shipyard stockholders also removed from the board six members and appointed others. All the board’s officials were appointed for 2 years.
Wadan Yards Okean (Damen Shipyards Okean before December 2008) specializes in manufacturing and repairing container ships, tankers, tugs, barges of up to 350 tons DW. The company ended up 2008 with a net loss at 131.343 million hryvna, its net income shrank to 289.172 million, 42.25% down on 2007’s numbers. Okean BV (Netherlands) holds 98.74% share of the company.