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Home Page / Media Centre / Company News / Changes to the Board of Directors and Management

Changes to the Board of Directors and Management

14 November 2016, Moscow ― Brunswick Rail Limited (the “Company”) announces a number of changes to its board of directors (the “Board”) effective 13 November 2016.

The following three new directors have been appointed:

  • Mr Charlie Ryan
  • Mr Nicolas Pascault
  • Mr Marlen Manasov

Their biographies have been posted on the Company’s website.

The following two directors resigned on 13 November with immediate effect:

  • Mr Paul J Ostling
  • Mr Anders Lidefelt

Paul has also resigned from his role as CEO of the Company and General Director of OOO Brunswick Rail.

The Board wishes Paul and Anders well and thanks them for their many years of service and dedication.

The newly reconstituted Board now consists of six directors and continues to be chaired by Martin Andersson.

Finally, the Board has appointed Nicolas Pascault as CEO of the Company and Victor Koshkin as General Director of OOO Brunswick Rail with immediate effect.

 

About Brunswick Rail:

Brunswick Rail is a private railcar operating lessor providing freight railcars to large corporate clients in Russia. Established in 2004, Brunswick Rail currently owns a fleet of ca. 25.8 thousand railcars (as of 30 June 2016), which represents approximately 2% of the total Russian railcar fleet.

 

Investor Contacts

Richard Sultanov, Brunswick Rail
+7 (495) 783 6700
Rsultanov@brunswickrail.com

Media Contacts

Tom Blackwell, EM
Mobile (Russia): +7 (919) 102-9064
Mobile (UK): +44 7432 680606
blackwell@em-comms.com

 

Important notice:

This announcement is for general information only and does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or a solicitation of any offer to buy or exchange or subscribe for, any securities.
This announcement may contain forward-looking statements regarding future events or the future financial performance of Brunswick Rail (the “Company”). You can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “could”, “may”, or “might”, the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Company operates may differ materially from those described in or suggested by the forward-looking statements contained in these materials. In addition, even if the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, market change in the Russian freight rail market, as well as many other risks specifically related to the Company and its operations.
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"). Any securities mentioned herein have not been and will not be registered under the Securities Act, and no public offering will be made in the United States.