The Board of Directors of Sovcomflot OJSC has approved payment of RUR 1 bln as dividends for 2008, the company reports.
The meeting of the Sovcomflot Board of Directors, elected at the Annual Shareholders’ Meeting on 30 June 2009, took place in St. Petersburg on 13 July.
Sergey Naryshkin, Chief of Staff of the Presidential Executive Office, was elected Chairman.
The Board approved Evgeniy Ambrosov, Sovcomflot Senior Executive Vice-President, as an Executive Board member.
In the context of the further development of corporate governance of Sovcomflot the number of government representatives on the Board has been reduced, while the number of independent directors remained the same.
Sovcomflot OJSC is Russia’s largest shipping company and the world’s fifth-largest tanker company. Its fleet comprises 133 vessels with total deadweight of some 9.5 million tonnes. The Group’s current backlog of orders numbers 30 vessels with total deadweight of 2.52 million tonnes.