Supervisory Board of Okean Shipyard in Nikolaev Appoints Vasiliy Fedin as the Company’s President

Kiev, 15-2-2013 — /europawire.eu/ — The Supervisory Board of Okean Shipyard (Nikolaev City) has appointed Vasiliy Fedin as the company’s President.

The company’s management body approved the respective decision on 4 February. On the same day, the Supervisory Board accepted Vladimir Mikhailyuk’s resignation from the President’s office by mutual agreement of the parties.

The priority task set to the new top manager by the Supervisory Board of Okean Shipyard is extension of the order portfolio to ensure loss-free operation of the company and fulfilment of social commitments to its employees.

‘Today, our company, as the shipbuilding industry in general, is in a challenging situation. Our top priority is to secure new orders for the shipyard and to show our customers that we can produce competitive products. Growth in production means timely payment of salaries to our shipwrights and availability of funds required for Okean’s long-term development,’ said Vasiliy Fedin commenting on his appointment.

Previously, Vasiliy Fedin was in charge of Okean Shipyard from November 2011 to June 2012. He will retain his position of General Director at Kherson Shipyard that is part of Smart Maritime Group, the shipbuilding sub-holding company of Smart-Holding.

Reference:

Smart Maritime Group (SMG) is Ukraine’s largest shipbuilding holding company. It was established in 2009 to manage the marine assets of Smart-Holding. SMG integrates two largest shipbuilding companies of Ukraine, Chernomorsky Shipbuilding Yard and Kherson Shipyard. The sub-holding company also includes Ochakov port (Dnieper-Bug firth, Nikolaev region).

Smart-Holding Group is one of the largest investment groups in Ukraine with focus on key industries of the economy, including metals and mining, oil and gas, banking, shipbuilding, real estate and agriculture.

Smart-Holding’s strategy is aimed at efficient management of a diversified portfolio of the Group’s assets by increasing its value in the long run and by searching for new business development directions. Smart-Holding’s investment activities are focused on the investments both in Ukraine and in the countries of CIS and Eastern Europe. Smart-Holding participates in the projects as a strategic and portfolio investor.

For additional information, please visit: www.smart-holding.com

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