An Extraordinary General Meeting of shareholders of OJSC Severnaya Verf Shipyard on April 4, 2012 announced early termination of office of the Board of Directors and elected new members of the Board, the United Shipbuilding Corporation (USC) said.
The EGM was held in accordance with the decisions of the Board of Directors of the shipbuilding firm, which approved the date and agenda of the stockholders meeting.
The newly elected Board of Directors is as follows: A. Tyukov, Vice-President of USC, head of a USC’s department G. Menshikh, A. Shlemov, head of a USC department I. Novoselsky, head of a department of USC, S. Svertilov, head of a USC department, A. Shlemov, head of a USC department, V. Kutikov, deputy head of a USC department, A. Kurasov, deputy head of the Ministry of Industry and Trade department.
United Shipbuilding Corporation was founded in 2007 as a 100-percent state-owned group of companies consolidating about 70% of domestic shipbuilding industry. UCS currently incorporates three regional shipbuilding centers, nine engineering and design offices and 39 dockyards. The Corp’s largest shipbuilding assets include Kaliningrad-based JSC Yantar Shipyard, JSC Admiralty Shipyards (St. Petersburg), JSC PA Sevmash (Severodvinsk), JSC DVZ Zvezda (Vladivostok). Besides, UCS holds a 50% stake in Arctech Helsinki Shipyard, a joint venture with STX Finland Cruise Oy.
The Corporation participates in several major international projects: construction of a new mega shipyard Zvezda-DSME through a JV with Daewoo Shipbuilding & Marine Engeneering (South Korea), the construction jointly with Yantai Raffles (Singapore) of Vostok-Raffles Shipyard. The Group focuses on the Russian market, exports its products to 20 countries as well.