The Board of Directors of JSC Arkhangelsk Sea Commercial Port (Arkhmortorgport) on April 25, 2012 announced an early resignation of chief executive officer Alexei Tyukavin and termination of labor contract, the company said on Thursday. No further details were disclosed.
Alexei Tyukavin was elected CEO of Arhmortorgporta on December 26, 2011 for a 3-year term replacing Vladimir Titov.
Arkhangelsk Sea Commercial Port JSC is a diversified stevedoring company operating at the Port of Arkhangelsk. The company handles primarily general cargoes, cellulose, cardboard, containers, timber, metals, fertilizers, heavy-lift equipment and bulked cargoes. The Arkhangelsk port is able to handle up to 4.5 million tons of cargo a year. In 2011, cargo throughput at the port of Arkhangelsk rose 1.8% year-over-year to 1,736,200 tons. Net income of the company for the nine-month period of 2011 rose 23.9% year-over-yer, to RUB 665,970,000.