Kiev, 18 April – Smart-Holding appointed Vasiliy Fedin as the Executive Director of Smart Maritime Group that integrates the holding company's shipbuilding assets.

The Supervisory Board of Kherson Shipyard released Mr. Fedin from the office of the company's General Director by its resolution dd. 17 April. Mr. Fedin will retain his position as the President of Okean Shipyard (Nikolaev City).

Oleg Fedak, who previously held the office of the First Deputy General Director at Kherson Shipyard, succeeded Vasiliy Fedin as the General Director following his appointment on 18 April.

'Smart-Holding's maritime business is currently finalizing its long-term development strategy. Of course, we will need Vasiliy Fedin's experience, profound understanding of the production processes and market conditions to implement it successfully. Mr. Fedin is involved in the collaboration with the Government of Ukraine towards improvement of the country's legal framework in shipbuilding. He can form a comprehensive approach to the development of the shipbuilding enterprises,' says Pavel Konstantinov, the Chairman of the Supervisory Board at Smart Maritime Group.

Reference:

Smart Maritime Group (SMG) is Ukraine’s largest shipbuilding holding company. It was established in 2009 to manage the marine assets of Smart-Holding. SMG integrates two largest shipbuilding companies of Ukraine, Chernomorsky Shipbuilding Yard and Kherson Shipyard. The sub-holding company also includes Ochakov port (Dnieper-Bug firth, Nikolaev region).

Smart-Holding Group is one of the largest investment groups in Ukraine with focus on key industries of the economy, including metals and mining, oil and gas, banking, shipbuilding, real estate and agriculture.

Smart-Holding’s strategy is aimed at efficient management of a diversified portfolio of the Group’s assets by increasing its value in the long run and by searching for new business development directions. Smart-Holding’s investment activities are focused on the investments both in Ukraine and in the countries of CIS and Eastern Europe. Smart-Holding participates in the projects as a strategic and portfolio investor.

For additional information, please visit: www.smart-holding.com