5 Mar 2018 15:29

Kolmar deputy head Levin becomes CEO after Tsivilev departure

YAKUTSK/KEMEROVO. March 5 (Interfax) - Artem Levin, Deputy head of coal mining company Kolmar, has become the company's new CEO following former CEO Sergei Tsivilev's appointment as deputy governor of the Kemerovo Region, the company's press service told Interfax.

"These personnel changes will have no impact on the company development strategy announced earlier," the press service said.

Tsivilev himself told reporters that he had relinquished his 70% stake in the company.

"For development to continue as before, I have made the decision to gift these shares to my wife [Kolmar deputy head Anna Tsivileva]," Tsivilev said during his first official public event in his new role, the launch in the Kemerovo Region of a storage facility for carbamide-ammonia mixtures at the PJSC SBU Azot company's JSC Azot plant, one of the largest producers of nitrogen fertilizers in Russia.

Tsivilev has been appointed the Kemerovo region's deputy governor for industry, transport and the consumer market.

Information on Tsivilev's appointment as deputy governor emerged last week, with the Kemerovo regional administration confirming the news on Monday. Sources which informed Interfax of the coming appointment on Friday have suggested that following the presidential elections, "Tsivilev will be appointed acting governor."

Tsivilev owns 70% of Kolmar Group, having recently increased his stake from 40%, buying 30% from Andrei Bokarev, with the further 30% belonging to Gennady Timchenko's Volga Group.

Kolmar is a coal miner, trading and logistics company carrying out a unified cycle of production, washing and shipping of high quality coking and thermal coal. Kolmar subsidiaries JSC GOK Denisovsky and JSC GOK Inaglinsky are both building mining and washing complexes for production of coking coal and high-quality coal concentrate in the South Yakutia priority development area (PDA), located in Yakutia's Neryungri District, while a coal sea terminal is being built in the port of Vanino. Investment in GOK Inaglinsky is 62.5 billion rubles, along with 33 billion rubles for the sea terminal.