Sergey Frank elected as Chairman of United Shipbuilding Corporation’s BoD

The new Board of Directors of United Shipbuilding Corporation OJSC has elected Sergey Frank as BoD Chairman at its first meeting, USC  press center says.

USC BoD was earlier chaired by Andrey Dutov.

The BoD members also created working bodies of USC BoD – three committees: Audit Committee, HR and Remuneration Committee, Strategic Planning Committee.

United Shipbuilding Corporation (USC OJSC) is the largest shipbuilding company in Russia. It was set up in 2007 with 100% federal ownership. The holding comprises 60 companies and organizations (major shipbuilding and shiprepairing companies as well as leading design bureaus). Currently, USC consolidates about 80% of the domestic shipbuilding complex. The Russian market is the main focus of the state corporation though it also exports its products to 20 countries worldwide.