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New Owner Installs CEO at Ukrrichflot EGM.

New Owner Installs CEO at Ukrrichflot EGM.

15 October 2008

Shareholders of Ukrrichflot (FLOT: N/R) appointed Mykhail Chubayev, former commercial director, as CEO of the company. The EGM also elected a new supervisory board, approved a new statute and changed the company’s register. The new owners of the company were not officially announced, though the appointment of Konstantin Grigorishyn, the Russian businessman behind Energy Standard, to the supervisory board is telling. The local mass media has pegged him as the new owner since the announcement that a 70% stake was concentrated by Veles Capital in August.

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