OREANDA-NEWS. Brunswick Rail, Russia’s leading privately owned freight railcar operating lessor, has appointed Alex Genin as Chief Executive Officer, effective June 2013. Mr. Genin will take over from Vladimir Lelekov, who will focus on overall strategy in his capacity as Chairman of the Board’s Strategy Committee.

Alex Genin has over twenty years of management-level experience in Private Equity, M&A and Financial Management across various sectors. During 2000-2011 he was with Access Industries, Inc. and served as CEO of Access-CIS from 2007 — 2011. Previously, he served as Financial Controller at Cargill Inc. in Russia and the UK. Earlier in his career he worked for such companies as McKinsey & Company, PaineWebber, and Ernst & Young. During 2011 — 2013 he has been Chairman of the Supervisory Board of RBS Global Limited, a Russia-based M&A and Corporate Finance advisory firm, and Special Investment Advisor at General Atlantic LLC. Alex is a graduate of Harvard Business School.

Commenting on the appointment, Paul Ostling, Chairman of the Board of Directors, said:

“We are delighted to welcome Alex Genin to the Brunswick Rail team. His substantial experience in M&A and Capital Raising, combined with years of managing major industrial businesses in Russia, makes him an ideal candidate to take over the reins at this stage in our development.”

Alex Genin commented:

“Brunswick Rail is a terrific company with a highly professional team that has worked hard to successfully make it the leader in its sector. It is a great honour for me to lead Brunswick Rail forward, and I am sure that we will steam ahead on course to our common goal of profitable and sustainable growth.”