Igor Sechin elected as BoD chairman of Far Eastern Shipbuilding and Ship Repair Center

Rosneft President Igor Sechin has been elected the Chairman of the Far Eastern Shipbuilding and Ship Repair Center (FESRC). The decision was taken at the extraordinary meeting of FESRC shareholders on March 7, 2014, IAA PortNews learnt from a source familiar with the decision.

The decision to put FESRC under the control of the consortium of investors headed by Rosneft OJSC was made earlier.

The Far Eastern Shipbuilding and Ship Repair Center (FESRC) is a subsidiary of the state holding United Shipbuilding Corporation (USC) established on March 21, 2007 by a decree of the Russian president. FESRC consists of the largest profile enterprises of the Far East Federal District including Kamchatka, Khabarovsk and Primorsk Territories. 

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