OREANDA-NEWS. Petr Sinshinov is appointed Director General of CJSC Transmashholding in October 19, 2006. According to the company public relations department, the decision was made by the Transmashholding Board of Directors on Wednesday, October 18.

According to the press service of CJSC Transmashholding, the new Director General will be focusing on intensification of productivity of the holding-integrated companies, effective production management, production processes enhancement, cost saving, and manufacturing facilities upgrade campaign.

The holding management structure changes are prompted by the goal of becoming a top three company in the world transport machine building industry by 2010 through achieving the corresponding finance criteria and company cost, as well as technologies and engineering solutions in use, said Dmitry Komissarov, Transmashholding Chairman of the Board of Directors while commenting on the appointment.

P. Sinshinov has replaced Mikhail Khromov. The latter will hold the seat in the company Board of Directors and become member of the Company Management.