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The Management Board of JSC “Latvian Shipping Company” is added with the new member with international experience
Emitents Latvijas kuģniecība, AS (48510000VYR04HZGC213)
Veids Būtiski notikumi
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Datums 2010-11-30 16:28:58
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The Management Board of JSC “Latvian Shipping Company” is added with the new member with international experience

By organizing international tender of recruitment, the new member – Pavel Semenyuta has been elected in the Management Board of joint stock company „Latvijas kuģniecība” (Latvian Shipping Company) for the five year term of duties. The new member of the Management Board has acquired a wide international experience in the investment banking and corporate finance. Since 2009 P.Semenyuta is a founding partner, Chief Investment Officer and Head of Investment Committee at „Lakeshore International Management AG” (Switzerland). Since beginning of 2010 P.Semenyuta is also the Board Member at “Aladdin Oil & Gas Company ASA” (Norway). Previously he worked in CIS, Europe and Asia where in total executed deals over 1 billion USD. The new member of the management board has obtained Ph.D. in International Economy at the Moscow University of Consumer Co-operatives.
 
Therefore, the Management Board is added with high level professional with the international vision on global market trends which is necessary for the company’s everyday business. Therefore, the Management Board of Latvian Shipping Company now consists of five members as set out in the articles of association – chairman Imants Sarmulis and members Andris Linužs, Edvīns Bērziņš, Paul Thomas and P. Semenyuta.
 
The new member of the Management Board P.Semenyuta does not own the shares of Latvian Shipping Company.
 
About Latvian Shipping Company:
 
In handy or medium-sized tankers category Latvian Shipping Company is among the leading tanker owners in the world, it is also in a leading position among similar companies in Northern Europe when it comes to oil shipments. Latvian Shipping Company owns 19 modern up-to-standard tankers employing more than thousand well trained and experienced seamen from Latvia. In total, the commercial fleet of Latvian Shipping Company consists of 21 tanker, as Latvian Shipping Company operates two tankers that belong to other ship owners. Shortly the fleet of Latvian Shipping Company will be increased by four new medium-sized vessels. 
 
Additional information:
Ģirts Apsītis
Adviser of the Chairman of the Management Board
Latvian Shipping Company
Phone: +371 67020126
E-mail : ir@lscgroup.lv  
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