Chairman of Russian Helicopters re-elected

Chairman of Russian Helicopters re-elected

20-Mar-2014 Source: Russian Helicopters

Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec, announces that Vladimir Artyakov was re-elected as Chairman of the Board of Directors at a meeting of the Board of Directors on 18 March. Mr Artyakov, who is also first deputy CEO of Rostec, has served as Chairman of the Board of Russian Helicopters since July 2013.

“Russian Helicopters produced good financial and operational results in 2013, strengthening its position as a leading global helicopter manufacturer,” Vladimir Artyakov said. “In 2014 the Company will continue to pursue strategic goals including further increasing global market share, expanding and diversifying its model range, streamlining production and continuing to roll out its global after-sales service offering.”

Oboronprom CEO Dmitry Lelikov was re-elected as Deputy Chairman of the Board of Directors of Russian Helicopters.

A new Board of Directors was elected at an Extraordinary General Meeting of shareholders of Russian Helicopters on 27 February. In addition to Vladimir Artyakov and Dmitry Lelikov, the board members are:

  • Alexander Mikheev, CEO of Russian Helicopters;
  • Sergei Skvortsov, Deputy CEO of Rostec;
  • Pavel Osin, First Deputy General Director of Oboronprom;
  • Shiv Vikram Khemka, Vice Chairman of SUN Group;
  • Jean-Loup Picard (independent director);
  • Jean-Paul Béchat (independent director);
  • Vladimir Litvin, head of the Department of Corporate Procedures and Property at Rostec.

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State Corporation Rostec. 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 2013 its IFRS revenues increased 10% to RUB 138.3 billion. Deliveries reached 275 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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