Appointment of Chief Strategy Officer
Globaltrans Investment PLC (together with its consolidated subsidiaries the “Company”, “Globaltrans” or the “Group”, LSE ticker: GLTR) today announces that Sergey Maltsev was appointed Chief Strategy Officer with immediate effect. Mr Maltsev, one of the founders of Globaltrans with extensive rail industry experience, will support the CEO in developing and executing Group strategy and assist in business development.
Commenting on the appointment, Chief Executive Officer Valery Shpakov said:
“Sergey and I have worked together successfully for many years and so I am delighted to welcome him back to Globaltrans. He brings an unmatched depth of experience combined with a clear understanding of our business and therefore it is truly exciting to again have his contribution to the successful development of our Group.”
Biography of Sergey Maltsev
Mr Maltsev has worked in the rail sector for more than 30 years and was instrumental in the development of the private freight rail market in Russia. Having co-founded Globaltrans, he then served as the Company’s CEO for over a decade before stepping down in 2015. After that, he worked as Senior Vice President responsible for strategy and corporate governance at OAO Russian Railways (“RZD”) and remains a board member of several RZD subsidiaries. Among other roles, Mr Maltsev was one of the founding members and Chairman of the presidium of the non-profit partnership “Council of Railways Operators Market”.
Mr Maltsev maintains 4.5% economic interest in Globaltrans through a trust that he does not control and has no power to vote or otherwise exercise control over the shareholding.
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NOTES TO EDITORS
Globaltrans is a leading freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
The Group has a Total Fleet of about 68.5 thousand units. Universal gondola cars and rail tank cars constitute the backbone of the Group’s fleet. About 89% of the Total Fleet is owned by the Group with an average age of 10.3 years. In 2016, the Group’s Freight Rail Turnover (including Engaged Fleet) was 182.0 billion tonnes-km. The Group’s market share was 7.8% of overall Russian freight rail turnover. The total revenue of Globaltrans amounted to RUB 69.5 billion in 2016.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
To learn more about Globaltrans, please visit www.globaltrans.com
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.