The Board of Directors of FESCO was replaced by Vice-President for Finance of FESCO

MOSCOW, 1 February. The Board of Directors of JSC “far Eastern shipping company” (DVMP, enters as the parent company of the FESCO transport group) was replaced by the Vice President for Finance, said in a statement.

From the management Board FESCO launched held the position of Vice President of Finance Viktor Belyakov, who left the company. Vice President for Finance of FESCO appointed Maxim Sakharov, who previously held the position of Director for operating efficiency and business analysis.

The rest of the Board remained: it was composed of the President of FESCO Konstantin Sokolov, first Vice – President Vladimir Korchanov, senior Vice – President of Aleksandrs Isurin, Vice presidents Konstantin Kuzovkov, Yuri Melekhin and Dmitry Shokhin.

FESCO transportation group – one of the largest private transport and logistics companies in Russia. It consists of 22 vessels, commercial port of Vladivostok (CPV) and terminal “Dalreftrans”, railway operator Transgarant and “Russian Troika” (JV with Russian Railways, FESCO’s share – 50%). The parent company of the group is OJSC “far Eastern shipping company” (FESCO). The main shareholder of FESCO – group “Sum” brothers Magomedov (32,5%), GHP Group belongs to 23.8 per cent, TPG – 17.4% of the shares. In free circulation are 26.3% of the shares. The company’s shares are traded on the Moscow exchange.