8 Jul 2013 18:51

Maxim Vorobyov reelected chairman of Russian Sea board of directors

MOSCOW. July 8 (Interfax) - The board of directors of OJSC Russian Sea Group has extended company co-owner Maxim Vorobyov's powers as its chairman, the company said in a statement.

Vorobyov has been chairman of the board of directors since November 2011.

Founded in 1997, the Russian Sea Group had its initial public offering (IPO) in April 2010, when investors acquired 18.9% of its shares for $90 million. The original proposed volume was $130.2-$173.5 million.