ChelPipe board approves candidates for new board
CHELYABINSK. March 11 (Interfax) - The board of Chelyabinsk Tube Rolling Plant (ChTPZ) (ChelPipe) on March 6 confirmed its candidates for the new board of directors that will be elected at the next AGM, the company said in a press release.
The candidates are seven existing board members and one new contender -advisor to the ChTPZ board chairman, Valery Lukin, the head of the PR department, Evelina Grigoryeva, told Interfax.
The current board has seven members: Board Chairman Alexander Fyodorov, ChTPZ CEO Yaroslav Zhdan, ChTPZ board member Vladimir Khristenko, ChTPZ Workers Union Chairman Viktor Skryabin, Director of ChTPZ Management Company Arkley Capital Denis Kostin, Co-chairman of Pipe Industry Development Fund Andrei Komarov and Paritet Corporate Technology Agency CEO Oleg Seleznyev.
The AGM will be held in June, although the exact date has not yet been chosen, Grigoryeva said.
According to last year's prospectus for ChelPipe's initial public offering (IPO), around 73% of the company is controlled by A. Komarov, who owns 95% of the company Mountrise, which in turns owns 76.8% of ChelPipe. ChelPipe's General Director Alexander Fyodorov owns around 8.1% (he owns 5% of Mountrise and 100% of the company Poweredge, which holds 4.3% of ChelPipe stock).
The ChTPZ Group manages the iron and steel enterprises ChelPipe, OJSC Pervouralsk New Pipe Plant (PNTZ), scrap metal company LLC Meta, the metal trading subdivision CJSC Uraltrubostal Trading House, and an oil service division represented by Rimera. Arkley Capital manages the group's assets.