The Supervisory Board for the joint stock company Ventspils nafta has adopted a decision on changes in administrative body of the Supervisory Board to ensure as effective work of it as possible. Due to long-term serious health problems of Mamerts Vaivads, the former chairman of the Supervisory Board for JSC Ventspils nafta, the Supervisory Board for JSC Ventspils nafta has elected Vladimirs Solomatins a chairman of the Supervisory Board. He performed functions of a deputy chairman of the Supervisory Board for JSC Ventspils nafta for many years, is a doctor of economics and a professional and specialist in the sphere of crude oil and petroleum products transit. In compliance with the Supervisory Board's decision Euromin Holdings (Cyprus) Limited, a company of the international oil transport consortium Vitol Group and foreign shareholder of JSC Ventspils nafta, has extended its influence over this administrative institution of JSC Ventspils nafta thanks to its representatives getting another one of three positions of deputy chairmen of the Supervisory Board. V. Solomatins holds office in the Supervisory Board for JSC Ventspils nafta since 2003. V. Solomatins is a doctor of economics educated in Business School Lausanne in Switzerland, Moscow State Institute of Business Administration in Russia and the University of Latvia. The new chairman of the Supervisory Board for JSC Ventspils nafta is a Russian-, Latvian- and English-speaking academician of the International Informatization Academy and recognized authority in economy (in more specific terms, transit business matters) among experts and his colleagues. Jeffrey Martz and Dennis Crema, who held office of a deputy chairman of the Supervisory Board for JSC Ventspils nafta also previously, both representing the company Vitol are the newly elected deputy chairmen of the Supervisory Board for JSC Ventspils nafta. The member of the Supervisory Board Andris Vilcmeiers dealing with internal audit matters of JSC Ventspils nafta will further fill an office of the third deputy chairman of the Supervisory Board. JSC Ventspils nafta For further information, please contact Gundega Vārpa calling 7229793 or e-mailing to: gundega.varpa@vnafta.lv
On changes in administrative body of the Supervisory Board for JSC Ventspils nafta
| Source: Ventspils nafta