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The power of the joint stock company Ventspils nafta is people. People that found themselves by working for companies of the Group, as they see that their work can change the world for better. People that sense responsibility both for themselves and others. People who like challenges and are satisfied with their well done work.
Administration
The company has the following administrative institutions: General Shareholders` Meeting, Supervisory Council, and Management Board.
General Shareholders`Meeting is the highest executive body of the company in which the company’s shareholders exercise their rights and participate in the management of the company. Both general and extraordinary meetings may be called.
Shareholders’ Meeting
Only the company’s shareholders` meeting has the right to make decisions regarding the company’s annual report; expenditure of profits from the previous operating year; election and dismissal of the Supervisory Council members, auditors, public controllers and liquidators; amendments to Articles of Association; increase or reduction in share capital; issue and conversion of the company’s securities; termination, continuation or reorganization of the company’s operation.
Supervisory Council
The Supervisory Council is the company’s supervisory institution that represents the interests of shareholders between meetings and regulates the operation of the Management Board in accordance with the parameters prescribed by the law and the company`s Articles of Association. The Supervisory Council acts in accordance with the Regulations of the Supervisory Council and its tasks include the election and recall of Management Board members, constant supervision of activities of the Management Board; revision of company’s annual report and Supervisory Council’s proposal for utilization of profit etc.
Chairman of the Supervisory Council
Vladimir Egger
Deputy chairman of the Supervisory Council
Mikhail Dvorak
Members of the Supervisory Council:
Javed Ahmed
Rubil Yilmaz
Mark Ware
Olegs Stepanovs
Christophe Theophanis Matsacos
He has joined the Finance team of Vitol in 2008. He is posted in the Representative Office of Vitol in Moscow with responsibility for business development in Russia and the former CIS countries. C.T.Matsacos has a banking background and joined Vitol from VTB Europe (London) (formerly Moscow Narodny Bank), where he was responsible for oil business development, in trade finance and structured trade finance, in Russia and the former CIS countries.
Edgars Jansons
He has a financial background. Before entering the LSF Holdings as the Chairman of the board in 2002, he was the audit commission member in JSC „Latvijas Kuģniecība”.
Rudolf Meroni
He is the Chairman of the Supervisory Board of JSC Ventbunkers since 2005 and of JSC Latvijas Nafta Tranzits since 2010, he has been member of LNT Supervisory Board since 2007. Since 2006 he is a member of the Supervisory Board of JSC Ventspils Commercial Port.
Michael Hason
He started his professional career as inland-revenue officer of the Austrian Ministry of Finance. He continued to work in accounting sphere and since 1997 M.Hason is unlimited partner (95%) of company Dr. Franz Burkert & Michael Hason Steuerberatung KG, that works with transnational tax planning and trusts.
David Alexander Schlaff
He is Chief Investment Officer with M-Tel Holding GmbH since 2008. Since 2007 he is member of the Board of Advisors in Latrobe Specialty Steel Company, one of the largest specialty steel producers in the U.S.A, and since 2010 - member of the Supervisory Board at RHI AG., the largest global manufacturer of heat-resistant refractory products.
Management Board
The company’s executive body is the Management Board that represents the company, carries out its administration and is responsible for its business transactions and compliance of the company’s bookkeeping with the laws. The Management Board manages the company’s property and handles its resources in accordance with the laws, the company’s Articles of Association and resolutions adopted by the Shareholders’ Meeting and the company’s Supervisory Council. The Management Board consists of three members that are elected for three years.
Chairman of the Management Board:
Simon Boddy (since 2010)
since 2008 – Member of the Supervisory Council of Ventspils nafta termināls Ltd;
2006/2008 – Chief Representative of Moscow Office of Vitol Group;
since 2009 – Managing Director of ETOS Latvia.
Andris Vilcmeiers
Member of the Management board (since 2010)
Deputy chairman of the Supervisory council of assoicated JSC Latvijas kugnieciba;
2008-2009 - Member of the Supervisory Council of Ventspils nafta termināls Ltd;
till 2010� - Appointed Chairman of the Supervisory Council for SIA LatRosTrans.
Boris Bednov
Member of the Management Board (since 2010)
since 1996 - Head of Lietuva Office of Vitol in Mazeikai
Alexander Yagdzhiyants
Meber of the Management Board (since 2010)
2003/2007 - Founder and Chief Executive of JSC Ekspolita
since 2007 - Executive of Lietuva Office of Vitol in Mazeikai
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