DGAP-News: Far Eastern Shipping Company: Ruslan Alikhanov was appointed as President and CEO of FESCO
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Far Eastern Shipping Company: Ruslan Alikhanov was appointed as
President and CEO of FESCO
06.06.2013 / 11:18
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June 06, 2013
Ruslan Alikhanov was appointed as President and CEO of FESCO
Ruslan Alikhanov was appointed as President and CEO of the FESCO
Transportation Group (FESCO, the Group). Yury Gilts, who earlier acted as
President of FESCO, remains as adviser to the President and will be
responsible for strategic development of the Group.
'We are confident that the excellent experience that Ruslan brings to the
Group will help to increase the efficiency and to strengthen our leadership
positions in the market segments where we currently operate and to enter
the new market niches. The Group will continue the realization of its key
strategy and will adhere to its plans for the current year' ' - said
Chairman of FESCO Board of Directors Alexander Vinokurov.
Since 2001, before joining FESCO Group, Ruslan Alikhanov was a partner at
McKinsey&Co, where he headed the Russian Practice of Strategy and
Corporate Finance, as well as Eastern European Practice of Corporate
Management. From 1996 to 1998, Ruslan Alikhanov worked as the Project
Officer at the World Bank, and from 2000 to 2001 he worked at Dell as a
Strategic Business Manager.
Ruslan Alikhanov has a Master of Science degree in finance and JD in
international law. He graduated with honours from Texas University,
University of Missouri and Baku State University.
These materials are not for distribution, directly or indirectly, in or
into the United States (including its territories and possessions, any
State of the United States and the District of Columbia). These materials
are not an offer or solicitation to purchase or subscribe for securities in
the United States. Securities may not be offered or sold in the United
States absent registration with the United States Securities and Exchange
Commission or an exemption from registration under the U.S. Securities Act
of 1933, as amended. FESCO has not registered and does not intend to
register any securities in the United States or to conduct a public
offering of securities in the United States.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons in (i), (ii) and (iii) above together being referred to as
'relevant persons'). Any securities described herein are only available
to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on
this document or any of its contents.
This press release may include 'forward-looking statements'. Such
statements contain the words 'anticipate', 'believe', 'intend', 'estimate',
'expect', 'will', 'may', 'project', 'plan' and words of similar meaning.
All statements included in this press release other than statements of
historical facts, including, without limitation, those regarding financial
position, business strategy, plans and objectives of management for future
operations (including development plans and objectives) are forward-looking
statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause actual
results, performance or achievements to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding present and future business strategies and
the relevant future business environment. These forward-looking statements
speak only as of the date of this press release, and the Group expressly
disclaims to the fullest extent permitted by law any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statements contained herein to reflect any change in expectations with
regard thereto or any change in events, conditions or circumstances on
which any such statement is based
About FESCO
FESCO is one of the largest Russian port owners and operators with
integrated rail and logistics businesses and primarily focused on
intermodal deliveries of containerized cargo. The Group owns port, rail and
shipping assets, which allow it to provide door-to-door logistics solutions
and control almost all steps of the intermodal transportation value chain.
The majority of FESCO's operations are located in the Russian Far East and
the Group benefits from growing trade volumes between Russia and Asian
countries.
FESCO controls the Commercial Port of Vladivostok, which has throughput
capacity of 3.9 million tons for general cargo and oil products, 150,000
vehicles and over 600,000 TEUs in containers. FESCO is one of Russia's top
10 private railcar operators providing services under the Transgarant
(100%) and Russkaya Troika (50% JV with Russian Railways) brands. The Group
owns a fleet of vessels mostly deployed through own line and logistics
operations. In 2012, consolidated revenue of FESCO Group reached USD 1,197
million.
End of Corporate News
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