OREANDA-NEWS. On 21 March 2008 was announced, that in accordance with goals set in the strategy of JSC Latvijas kuмniecоba (LASCO – Latvian Shipping Company) approved by Supervisory Council targeted at maximum efficiency of all the units within LASCO Group, there have been chages made into Management Board of JSC Latvijas kuмniecоba daughter company LSC Shipmanagement Ltd.

In order to promote performance operativeness of LSC Shipmanagement Ltd., JSC Latvijas kuмniecоba as a participant in 100% owned daughter company has taken decision to confirm new wording of LSC Shipmanagement Ltd. Statutes and standing orders of the Management Board providing for three board members instead of six at present. Vladimirs Chumachenko, Manager of Safety and Quality Assurance group and very experienced employee of the company, has become Chairman of the Management Board. Raivis Veckagans, Vice-President of Latvijas kuмniecоba has been elected and former Board Member K.Zakss has been re-elected as Members of the Management Board. The newly elected Management Board Members have mandate for three years.

Contracts with former LSC Shipmanagement Ltd. Management Board Members M.Ekbaums, K.Zakss, V.Gavrilenko, A.Boza, A.Bekeris and A.Kreslins have been terminated.