OREANDA-NEWS. December 05, 2008. In order to promote more effective company management, there were approved amendments to LDz Statutes in the shareholders` meeting of SJSC Latvijas dzelzcels (LDz), which determine that LDz Board of Directors consists of five members of the board. In the Board of Directors of SJSC Latvijas dzelzcels there were also elected: Mr. Eriks Smuksts and Mr. Maris Gavars, reported the press-centre of Latvijas dzelzcels.

Until now, Eriks Smuksts was the Chairman of the Board of LDz Cargo Ltd., which is a subsidiary of SJSC Latvijas dzelzcels, but Maris Gavars – Member of the Board of LDz Cargo logistika Ltd., which is a subsidiary of LDz Cargo Ltd.

In the members` meetings of dependent subsidiaries – LDz infrastruktura Ltd., LDz Cargo Ltd., LDz ritosa sastava serviss Ltd. - LDz Board of Directors made changes in the boards of directors of dependent subsidiaries due to expiration of term of members of the board:

LDz infrastruktura Ltd. – to a new term was elected Chairman of the Board Ainis Sturmanis;

LDz Cargo Ltd. – to a new term were elected Vladimirs Grjaznovs and Aleksandrs Kazackovs. In the board of directors for the first term were elected Member of the Board Andris Rekis and Chairman of the Board Guntis Macs;

LDz ritosa sastava serviss Ltd. – to a new term were elected Chairman of the Board Aivars Muravskis, Members of the Board Martins Emsins, Anatolijs Grigorjevs and Genadijs Rjazancevs.

Amendments to LDz Statutes and changes in the boards of directors enter into force on 2 December 2008.

Concern Latvijas dzelzcels employs 12300 people. In 2007 net turnover of the company was 178 million lats.