2014 December 11 13:08

Oleg Shumakov tapped as Yantar Shipyard's interim CEO

Chief Operations Officer of JSC Baltiysky Shipbuilding Plant “Yantar” (Yantar Shipyard) Oleg Shumakov was appointed as Acting CEO of Yantar Shipyard, effective as from December 11, the shipbuilding firm's press service told IAA PortNews.

The appointment decision was approved at a meeting of the Board of Directors of the shipbuilding company on 10 December.

The powers of the former Acting CEO of Yantar Shipyard Victor Tutynin were terminated effective December 10.

Kaliningrad, Russia based Baltic Shipbuilding Plant “Yantar” (Yantar Shipyard) was founded on July 8,1945 on the basis of a Koenigsberg unit of German’s Schichau Werft. Yantar Shipyard specializes in building and repairs of warships and civil boats. Throughout the years the Shipyard has built 154 warships and more than 500 merchant vessels. The Russian Government holds majority stake in the shipbuilding firm through Western Center of Shipbuilding, a subsidiary of state-owned United Shipbuilding Corporation.