OREANDA-NEWS. December 14, 2010. The Management Board of JSC “Latvian Shipping Company” is added with the new member with international experience

By organizing international tender of recruitment, the new member – Pavel Semenyuta has been elected in the Management Board of joint stock company „Latvijas kugnieciba” (Latvian Shipping Company) for the five year term of duties. The new member of the Management Board has acquired a wide international experience in the investment banking and corporate finance. Since 2009 P.Semenyuta is a founding partner, Chief Investment Officer and Head of Investment Committee at „Lakeshore International Management AG” (Switzerland). Since beginning of 2010 P.Semenyuta is also the Board Member at “Aladdin Oil & Gas Company ASA” (Norway). Previously he worked in CIS, Europe and Asia where in total executed deals over 1 billion USD. The new member of the management board has obtained Ph.D. in International Economy at the Moscow University of Consumer Co-operatives.

Therefore, the Management Board is added with high level professional with the international vision on global market trends which is necessary for the company’s everyday business. Therefore, the Management Board of Latvian Shipping Company now consists of five members as set out in the articles of association – chairman Imants Sarmulis and members Andris Linuzs, Edvins Berzins, Paul Thomas and P. Semenyuta.

The new member of the Management Board P.Semenyuta does not own the shares of Latvian Shipping Company.