2019 January 22 16:42

RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD

RF Government has proposed three candidates to join the Board of Directors of Novorossiysk Commercial Sea Port (PJSC NCSP) and one candidate to join the company’s Audit Commission. The document has been published at the official website for legal information.

The Decree № 31-р was signed on 19 January 2019.

BoD candidates are Lev Kuznetsov, Chairman of the Board of Directors of the Crystal company, and Vadim Yakovenko, head of Russia’s Federal Property Management Agency. 

The candidate for the Audit Commission is Nikita Kozhemyakin, Deputy Head of the Management Department of Federal Property Management Agency.

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2017. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2017 totalled 143.5 million tonnes. Consolidated revenue to IFRS in 2017 totalled USD 899.8 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and JSC SFP.