VEB replaces nearly half of board at leasing subsidiary
MOSCOW. Aug 14 (Interfax) - Almost half of the directors on the board of VEB Leasing, the leasing subsidiary of Russian state lender Vnesheconombank (VEB), were replaced at the company's annual shareholder meeting, its quarterly report shows.
Three VEB managers - Alexei Eskindarov, director of support for small and medium enterprises, Yury Surkov, director of the infrastructure department, and Yelena Perepelitsyna, director of the industry department, were newly appointed to VEB Leasing's board.
They replaced former VEB deputy chairman Anatoly Ballo; Vitaly Vavilin, president of the VEB group's Globex Bank; and VEB Leasing president Oleg Muradyan.
VEB deputy chairmen Alexander Ivanov and Andrei Sapelin, VEB Capital head Yury Kudimov and VEB Leasing chief executive Vyacheslav Solovyev were re-appointed to the board.
VEB Leasing, founded in 2003 by state company Oboronprom under the name Oboronpromleasing, initially served companies in the defense sector. After VEB acquired a controlling stake in the company in 2008, its portfolio was diversified and it now leases production equipment, aircraft and rail transport, and real estate.
The company's business is growing rapidly and it nearly tripled revenue year-on-year to 25.6 billion rubles in the first half of 2013.
