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Global Ports Inv (GLPR)

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Friday 29 June, 2018

Global Ports Inv

Global Ports appoints Vladimir Bychkov as CEO

RNS Number : 0211T
Global Ports Investments PLC
29 June 2018
 

 

    2138007WMNVQAVLMP351

                                                              

For immediate release                                                                                                                       29 June 2018

 

Global Ports appoints Vladimir Bychkov as Chief Executive Officer

Global Ports Investments PLC (the "Company", and together with its subsidiaries, "the Group"), (LSE ticker: GLPR) announces the appointment of Vladimir Bychkov as Chief Executive Officer effective from 16 July 2018. He succeeds Mikhail Loganov who is stepping down from the role but has stated his commitment to provide ongoing support to the Group and will work with Mr. Bychkov as his adviser during a transitional period until 30 September 2018.

Vladimir Bychkov has twenty years experience in the logistics and transportation industry. Starting his career as a freight forwarder, during 2004 - 2009, he was the CEO of Delo Group where he was instrumental to M&A, strategic partnerships and attracted equity finance while successfully transforming the Group into an efficient transport business with a core focus on stevedoring and logistics. In 2010 he attained the position of CEO of Ruscon, the key asset in the transportation and logistics division of Delo Group.

"Vladimir is a highly recognised industry figure with an excellent track record and credibility due to his in depth knowledge of the Russian logistics and transportation industry and we are delighted to have him taking this key position," said Morten Engelstoft, Chairman of the Board of Directors of the Company. "His sector knowledge will be invaluable in executing on our strategy of expanding container and bulk volumes in our premium terminal network while also maintain our continued focus on deleverage".

Mr. Engelstoft added: "I would like to take this opportunity to thank Mikhail for his considerable contribution to the development of Global Ports during his tenure both as CEO and previously in his position as CFO. As CEO he has led Global Ports to achieve the significant growth in container and bulk cargo volumes that we have seen over the last year. He has also been instrumental in driving the strong focus on efficiency at Global Ports completing further centralisation programmes. We wish him well in his future projects."

Annex to the Announcement: Executive biography

Mr. Vladimir Bychkov

Mr. Bychkov has worked at Delo Group since 2000, starting with the position of freight forwarder. In 2003, he became Deputy CEO, managing procurement and bunkering services before taking on the role of CEO of Krasnodarteploset to restructure the business. During 2004 - 2009, he was the CEO of Delo Group where he was instrumental to M&A, strategic partnerships, attracted equity finance while successfully transforming the Group into an efficient transport business with a core focus on stevedoring and logistics.

In July 2010, he became the President of Ruscon, the container and logistics segment of Delo Group that operates terminals and warehouses in the Novorossiysk and Moscow regions offering full range of handling services and storage facilities as well as sea freight transportation and turn-key logistics multimodal solutions.

Mr. Bychkov is a law graduate of the Academy of Federal Security of the Russian Federation, of the Finance Academy of the Russian Federation and has successfully completed the Executive MBA program of the School of Business of Moscow State University.

He is also a member of the Expert Advisory Board for Customs Policy under the Russian Federal Customs Service.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+357 25 313 475

+7 916 991 7396

Email: [email protected]

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475
E-mail:
[email protected] 

Teneo Blue Rubicon

 

Zoё Watt / Doug Campbell

+44 20 7240 2486

E-mail: [email protected]

NOTES TO EDITORS

Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal[5], both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.[6] in Estonia.

Global Ports' Revenue for 2017 was USD 330.5 million and Adjusted EBITDA was USD 201.6 million*. Consolidated Marine Container Throughput was 1,205 thousand TEU in 2017.

Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 76 ports and 117 inland services facilities, giving the company a global presence in 59 countries.  20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.



[1] In which Eurogate currently has a 20% effective ownership interest.

[2] In which Container Finance currently has a 25% effective ownership interest.

[3] In each of which Container Finance currently has a 25% effective ownership interest.

[4] In which Container Finance currently has a 25% effective ownership interest.

[5] In August 2017 the Group signed an agreement to sell its 100% shares in LT. The transaction is subject to approval of relevant regulatory authorities.

[6] In which Royal Vopak currently has a 50% effective ownership interest.


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