28.03.2012 Ziyavudin Magomedov has been elected the Chairman of the Board of Directors of NCSP
NCSP Group (LSE: NCSP; MICEX: NMTP) reports that on 27 March, 2012 the Board of Directors of NCSP elected Ziyavudin Magomedov as its Chairman.
Ziyavudin Magomedov, Chairman of the Board of Directors of Summa Group
From 1994–1998, Ziyavudin Magomedov served as the president of IFK-Interfinance and was later elected as the company’s Chairman of the Board. From 2002–2004, he was Chairman of the Foundation Council of the Support Fund for the Dialog Program, 2004-2005 served on the boards of directors of Trans-Oil and First Ore Mining Company. From 1 April, 2012 Mr. Magomedov is the Chairman of the Board of Directors of PJSC NCSP.
He is a partner of the Russian Olympic Support Foundation, Chairman of the board of trustees of the Russian Tennis Federation, and a member of the boards of trustees of the Bolshoi Theater and the Gerasimov Institute of Cinematography. He was awarded the Order of Friendship (2010).
On July 1, 2010, Mr. Magomedov was appointed by the President Dmitriy Medvedev to serve as the representative of the Russian Federation on the APEC Business Advisory Council (ABAC) for 2010–2012. In November 2010, he was appointed Co-chairman of ABAC for 2011 and 2013 and Chairman of ABAC for 2012.
In 1994, Ziyavudin Magomedov graduated from the Department of Economics of Moscow State University with a degree in international economics. He earned a PhD in international economics in 2000 from Moscow State University.
About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $403.8 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
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