OREANDA-NEWS. July 17, 2009. The meeting of the Sovcomflot Board of Directors, elected at the Annual Shareholders’ Meeting on 30 June 2009, took place in St. Petersburg on 13 July.

Sergey Naryshkin, Chief of Staff of the Presidential Executive Office, was elected Chairman.
The Board approved Evgeniy Ambrosov, Sovcomflot Senior Executive Vice-President, as an Executive Board member.
 
Board of Directors of OAO Sovcomflot
Sergey Naryshkin – Chief of Staff of the Presidential Executive Office, Chairman
Andrey Kostin – Chairman and CEO of VTB Bank
Aleksandr Misharin – Director of Industry and Infrastructure Department, the Government
Charles Ryan – Chief Country Officer and CEO, Deutsche Bank Group in Russia
Elena Titova – President, Chairman of the Executive Board, OOO Morgan Stanley Bank
Nikolay Tokarev – President, OAO Transneft
Sergey Frank – President and CEO of Sovcomflot

In the context of the further development of corporate governance of Sovcomflot the number of government representatives on the Board has been reduced, while the number of independent directors remained the same.