FESCO Board of Directors approves new composition of Management Board

FESCO Transportation Group (MOEX: FESH) announces changes in the Company’s Management Board, the company said in its press release.
According to the decision of FESCO Board of Directors, starting from November 21st, 2014 the composition of the Company’s Management Board will be as follows:
 Konstantin Sokolov — FESCO President and CEO
 Vladimir Korchanov — First Vice President
 Alexander Isurin — Vice President, Liner and Logistics Division
 Konstantin Kuzovkov — Vice President, Investments and Development
 Yury Melyakin — Vice President, Security
 Nikolay Rezvov — Vice President, Rail Division
Vice President for Finance Elena Shmatova has left the Company and resigned from the Management Board. The development and implementation of Group’s financial strategy, as well as control over its financial and economic activities will be executed by Eugenia Tyurikova, the Advisor to the President for Economy and Finance.
Eugenia Tyurikova is also Vice President and CFO of Summa Group. Eugenia has significant experience in Russian and international accounting and finance. Before joining Summa Group in 2010, Eugenia held management positions at the «Kommersant» Publishing House, management company of the West Siberian Resources Ltd, as well as BFG Group.