Russia: Ilya Klebanov Becomes Chairman of Sovcomflot’s BoD

The Board of Directors of OAO Sovcomflot held a meeting on 25 November 2011 and considered a number of organisational matters.

Ilya Klebanov was unanimously elected as Chairman of the Board of Directors. Elena Titova was elected as Chairman of the Board Committee on Strategy; Charles Ryan was elected Chairman of the Audit Committee; Marlen Manasov was elected Chairman of the Committee on Staff and Compensation and David Moorhouse was elected Chairman of the Committee on Innovation, Development and Technology Policy.

The Head of the Russian Presidential Administration Sergei Naryshkin, who was a member of the Board of Directors from 2004 and Chairman of the Board from 2008, addressed the Board of Directors. He thanked Board members and members of the Governing board for their productive cooperation.

Sergei Naryshkin, in particular, said: “Since working together, SCF Group has become one of the global leaders in the shipping industry. It has expanded the scope of its activities, is constantly renewing its fleet and using the most advanced technologies and its unique expertise in the transportation of hydrocarbons by sea in ice conditions. SCF Group has successfully accomplished the Development Strategy for the period 2005-2010: it has more than doubled the size of the fleet, and has entered into fundamentally new business segments for the Russian shipping market, including the seaborne transportation of liquefied natural gas, as well as the transportation of hydrocarbons by shuttle tankers in the Arctic. The industrial business development model, timely development of the Strategy with the focus on providing integrated logistical solutions for oil and gas companies, has provided Sovcomflot with a stable position in the industry confirmed by solid financial results despite the very unfavorable conditions experienced in the freight market.”

Addressing the members of the Board of Directors and Management Board, Chairman of the Board, Ilya Klebanov said:

“An important objective of the development Strategy, for the period 2011-2017, is building on the basis of Sovcomflot as a domestic contractor in the field of integrated offshore oil and gas services in Russia, as well as a reliable provider of transportation and logistics for the development of future Arctic hydrocarbon fields. Given the high potential and strategic importance of the Northern Sea Route, a further strengthening of the company’s leading position in this field is essential. In this context, and in the light of the expertise accumulated by Sovcomflot, it is important to continue to work closely with domestic shipbuilders, and first of all – with the United Shipbuilding Corporation (USC) and its foreign partners, as well as to continue the practice of using advanced technologies and innovative solutions in design and construction of the fleet. I believe that the implementation of these measures, envisaged by the current development strategy of the Company, will provide stable financial results and boost the company’s competitive strength in the global market, increasing customer traffic and the dynamic development of the enterprise.”

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Offshore Energy Today Staff , November 30, 2011; Image: Sovcomflot