Mostotrest : Leonid Ryzhenkin to take the helm of Mostotrest

21/12/20

On December 18, 2020, the Board of Directors of Mostotrest PJSC unanimously elected Leonid Ryzhenkin as the Company CEO.

Mr. Leonid Ryzhenkin was born in 1967 in Leningrad. Graduated from A.S. Popov Higher Naval School of Radio Electronics and St. Petersburg State Engineering and Economic University. Mr. Ryzhenkin has held leadership positions in the construction industry for over 15 years, including as Deputy Head for Production of the Representative Office of Mostotrest in St. Petersburg in 2008-2015, and as Deputy CEO for Infrastructure Projects at StroyGazMontazh in 2015-2020.

The Board also approved early termination of powers of Vladimir Vlasov as Mostotrest CEO, as Mr. Vlasov prepares to assume a new position at Roads & Bridges JSC.

Earlier in the year, the Extraordinary General Shareholders Meeting (EGSM) held in May 2020 decided to press ahead with restructuring of Mostotrest, due to the establishment, with the participation of VEB.RF State Corporation, of NatProjectStroy Group of Companies JSC, in line with the ambitious government goal of creating the largest national infrastructure holding company capable of implementing intensive infrastructure development projects in Russia.

In accordance with the EGSM decision, Roads & Bridges Joint-Stock Company was spun off from Mostotrest with a significant share of Mostotrest property, facilities and labour resources, as well as Mostotrest creditor and debtor-related rights, obligations and liabilities. The state registration of Roads & Bridges JSC, set to become a member of NatProjectStroy Group of Companies JSC, was completed in October 2020.

Meanwhile, Mostotrest remains an independent standalone entity and pursues its market operations, specializing in the construction of engineered and other transport infrastructure facilities.

FOR REFERENCE

Mostotrest PJSC specializes in construction and reconstruction of road, railway and city bridges, roads and other transport infrastructure.

The company was founded in 1930 for the construction of customized and extra-large bridges. Over the years of its business operations, the Company has built and rebuilt more than 7,700 infrastructure facilities, including bridges, overpasses, tunnels and traffic interchanges.

Currently, Mostotrest is involved in the implementation of a number of complex integrated transport infrastructure projects, such as construction and reconstruction of Moscow City and Southern Federal District transport infrastructure development.

For detailed information about Mostotrest please visit:www.mostotrest.ru