OREANDA-NEWS. August 13, 2012. NCSP Group (LSE: NCSP; MICEX: NMTP) reports that on August the 6th, 2012  the Board of Directors of NCSP has elected Marat  Shaydaev as its Chairman.

Mr. Shaydaev worked at Russian Federation juridical authorities after he had graduated Military Institute Krasnoznamenniy in Moscow region, USSR on specialty “lawyer” in 1990. In 2007 Marat Shaydaev graduated Russian academy of Civil service under the President on specialty “State and municipal office”.

Marat Shaydaev has been working with NCSP, PJSC  since the year 2011 as a Vice-president, and then First Deputy CEO.

He is the Chairman of the Board of Directors of Novorossiysk Grain Terminal, PJSC, NLE, OJSC, Baltic Stevedore Company Ltd, Primorsk Oil Terminal Ltd, member of the Board of Directors Novorossiysk Ship Repair Yard, OJSC and  Novorossiysk Oil Terminal LLC (all companies are included in  NCSP Group).

Board of Directors of NCSP also approved some non-arm's length transactions.

NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled USD 1 049 million and EBITDA of USD 550 million. NCSP Group combines the following stevedore companies: OJSC “Novorossiysk Commercial Sea Port”, Primorsk Oil Terminal Ltd (since 2011), PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, PJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, and Baltic Stevedore Company Ltd.