RUS

Sovcomflot’s Chairman Sergey Frank was awarded the title of ‘Director of the Year’

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Sergey Frank, Chairman of the Board of Directors of Sovcomflot, was awarded the prestigious title of ‘Director of the Year’ at the national ceremony on 10 February.

The award was granted in the nomination “Chairman of the Board of Directors: Contribution to the development of corporate governance” by Alexander Shokhin, the President of the Russian Union of Industrialists and Entrepreneurs.

The annual awards ceremony ‘Director of the Year’ is arranged since 2006, led by the Independent Directors Association and the Russian Union of Industrialists and Entrepreneurs in partnership with PwC, Moscow Stock Exchange and Sberbank of Russia. The Expert Award Council included representatives of industry regulators, business and investment community, government authorities, experts adhering to the principles and values of corporate governance, as well as the award winners of previous years.

Holding a speech at the awards ceremony, Sergey Frank noted:

“The corporate governance system of Sovcomflot has been developing for years and meets the best Russian and international standards. My predecessors, Igor Shuvalov and Ilya Klebanov, laid its foundation. Independent directors, including David Moorhouse, Charles Ryan, Walid Chammah and Andrey Sharonov, also made an outstanding contribution to the development of the corporate governance of the сompany.

“The active role of the Board of Directors of Sovcomflot in shaping the strategic course of the company development has ensured excellence and outstanding performance in the highly competitive shipping industry. In many ways, it let the company stand out for its unwavering drive to innovate and embrace sustainable business practices, helping Sovcomflot to become one of the world leaders in the low carbon shipping”.

“I am confident that extensive knowledge, high qualification and strong background of the current members of the Board of Directors of Sovcomflot will continue to strengthen the company's leading position in the market."

SCF Press Office

PAO Sovcomflot (MOEX:FLOT) is one of the world's leading energy shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas production. As of the date of this release, the Group’s fleet comprises 145 vessels with a total deadweight of over 12.6 million tonnes, including vessels owned through joint ventures. More than 80 vessels have an ice class.

SCF is involved in servicing large oil and gas projects in Russia and around the world: Sakhalin-1; Sakhalin-2; Varandey; Prirazlomnoye; Novy Port; Yamal LNG, and Tangguh (Indonesia). The Group is headquartered in St. Petersburg, with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.