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V.Egger re-elected as the Chairman of the Supervisory Council of JSC Ventspils nafta

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V.Egger re-elected as the Chairman of the Supervisory Council of JSC Ventspils nafta

august 31, 2012 / Ventspils nafta

Vladimir Egger has been repeatedly appointed as the Chairman of the Supervisory Council of the public joint stock company Ventspils nafta, in turn the position of his deputy will also further be held by Mikhail Dvorak. Such decision was taken by the company’s Supervisory Council.

The Supervisory Council has also re-appointed Simon Boddy in the position of Chairman of the Management Board for the next three years. The new term of office of Simon Boddy starts on October 15, 2012.

As previously reported, a regular shareholders’ meeting was held on July 25, 2012, which dismissed all Supervisory Council members and elected a Supervisory Council of JSC Ventspils nafta in composition of 11 persons for the next three years.

 

About JSC Ventspils nafta

Ventspils nafta is one of the largest groups of companies in Latvia and works in the petroleum product transport, transhipment and storage, as well as shipping sector. JSC Ventspils nafta is the Group’s parent company, which manages investments in subsidiary companies, by promoting the Group’s joint values and growth in value of each individual company.

Joint stock company Ventspils nafta owns 51% in Ventspils nafta termināls Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in LatRosTrans Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC Latvian Shipping Company, which is among the leading ship owners in the world in the medium-sized and handy tankers category.

Shares of JSC Ventspils nafta (VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20, 1998.