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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Kazanskiy vertoletnyi zavod OAO    KHEL   RU0009102404

KAZANSKIY VERTOLETNYI ZAVOD OAO (KHEL)
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Kazanskiy vertoletnyi zavod OAO : Russian Helicopters names Rostec Deputy CEO Vladimir Artyakov as Chairman of the Board of Directors

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07/18/2013 | 11:48am CEST

Russian Helicopters names Rostec Deputy CEO Vladimir Artyakov as Chairman of the Board of Directors

Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec and a leading global designer and manufacturer of helicopters, announces that on 17 July the Board of Directors elected as its Chairman Vladimir Artyakov, Deputy CEO of Rostec.

"Today Russian Helicopters is a leading helicopter producer on the global marketplace, and number one by sales of military attack helicopters, with a firm order backlog of more than 350 billion rubles," Vladimir Artyakov said. "The Company's priorities for the next few years are to enter the global capital markets, and to increase our global market share up to 20% by strengthening our positions in the CIS, China, India, the Middle East, Africa and Latin America, as well as other regions."

Dmitry Lelikov, CEO of Oboronprom, was elected Deputy Chairman of the Board of Russian Helicopters. Also elected to the Company's board were:

  • Dmitry Petrov, CEO of Russian Helicopters;
  • Alexander Mikheev, Deputy CEO of Rosoboronexport;
  • Pavel Osin, First Deputy CEO of Oboronprom;
  • Shiv Khemka, Vice Chairman of SUN Group;
  • Jean-Paul Béchat, Honorary President of GIFAS, the French aerospace industries association;
  • Jean-Luc Picard, independent aerospace and defence consultant;
  • Vladimir Litvin, head of Rostec's Department of Corporate Procedures and Property.

The Board of Directors also approved the possibility of the Company's CEO simultaneously holding official positions on the governing bodies of other organisations.

The Company's Board of Directors preliminarily considered and submitted for approval a new version of the Regulation on the Board of Directors. The date (22 August 2013) and agenda were set for the forthcoming extraordinary general meeting of shareholders.

* * *

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State CorporationRostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7billion. Deliveries reached 290 helicopters.

UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. It is a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec's subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion. 

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