Globaltrans Investment PLC (together with its consolidated subsidiaries the “Company”, “Globaltrans” or the “Group”, LSE ticker: GLTR) today announces that Sergey Maltsev has been elected as Chairman of the Board of Directors of Globaltrans with immediate effect. He will succeed Mr Michael Zampelas, who has been Chairman of the Group since March 2013.
Mr Michael Zampelas will become Senior Independent Non-Executive Director on the Board and Chairman of the Nomination Committee and remains a member of the Remuneration committee.
Speaking of his new role, Mr Maltsev said: “It is my privilege and honour to lead the Board of Globaltrans. As Chairman I intend to continue the efficient and transparent operation of the Board and to follow the Group’s strategy that has proved effective in enabling Globaltrans to become one of the largest and most successful companies in our industry.
“I would like to express my gratitude to Mr Zampelas for his guidance - we are very appreciative of the many contributions he has made to the Group’s development over the years in his role as Chairman. Thanks to his vast experience and expertise we have navigated various market cycles successfully, maximising our business efficiency and creating shareholder value.”
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NOTES TO EDITORS
Sergey Maltsev, Chairman of the Board, Chief Strategy Officer, co-founder
Sergey Maltsev was appointed Chief Strategy Officer of Globaltrans in August 2017. 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. Mr Maltsev was one of the founding members of the non-profit partnership "Council of Railway Operators” and held the position of Chairman.
Having co-founded Globaltrans, he served as the Company's CEO and member of the Board for over a decade before stepping down in 2015. Subsequently, he worked as the Senior Vice President for strategy and corporate governance at OAO Russian Railways ("RZD") and remains a board member of several RZD subsidiaries. Sergey Maltsev’s stake stands at 4.6% and is beneficially owned through Goldriver Resources Limited.
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 had a Total Fleet of about 67 thousand units at the end of 2017. Universal gondola cars and rail tank cars constitute the backbone of the Group’s fleet. About 92% of the Total Fleet is owned by the Group with an average age of 11 years.
In 2017, the Group’s Freight Rail Turnover (including Engaged Fleet) was 178.2 billion tonnes-km with the total revenue amounted to RUB 78.1 billion.
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.