Russian Sea Group announces appointment of General Manager of CJSC of the Russian Sea

April 2, 2012 15:36

OJSC Russian Sea Group (the "Company" or the "Group"), one of Russia's leading consumer food companies, announces the appointment of Olga Farenbrukh as Chief Executive Officer of the company "Russian Sea" (ready-to-eat segment) effective April 1st, 2012. The Company sincerely thanks Alexander Maksimov, the former CEO of more than two years, reports

Olga Farenbrukh was the Company's sales director starting from June 2010. She started her career in "Russian Sea" in 2009 in the Company's branch in Saint-Petersburg. Previously she occupied managing positions in the companies "Detskoselskoe", "Severnoe moloko", "Lenta" in Saint-Petersburg.

Olga graduated from Saint-Petersburg State Transport University in 1998. Her specialization is engineer - economist.

Russian Sea Group CEO, Timofey Tarasov, said: "Olga Farenbrukh main target is to make the Ready-to-eat segment profitable. Besides we need to lay the basis for "Russian Sea" future growth in existing and new categories through innovations".

Russian Sea Group

Russian Sea Group was founded in 1997 and began its operations by importing herring and mackerel from Norway. In 1999, the Company launched production of the ready-to-eat fish products under its core ‘Russian Sea' brand and then continued its development as a producer and distributor of fish and fish products. At present, Russian Sea Group comprises two main business divisions, operated respectively by Russian Sea Company, and Russian Fish Company, each a wholly-owned subsidiary of Russian Sea Group.

The ‘ready-to-eat' business (Russian Sea Company) produces and sells "ready-to-eat" fish and seafood products under well-recognized brands, such as "Russian Sea", "Islandka", "Selyodochka Stolichnaya", "Mediterana", "7 Uzlov" and "Flottika". These products include salted and smoked salmon and trout, red caviar, a wide assortment of herring products, seafood, seaweed products and roe spreads. The Group operates a modern fish and seafood production facility in Noginsk, Moscow region (approximately 40 km from Moscow).

The Group's ‘chilled and frozen' business (Russian Fish Company) sells and distributes over 60 types of fish and seafood, including, among others, salmon, trout, cod, herring, mackerel, humpback salmon, pollack, flounder, shrimp and squid, to nationwide and regional retail chains, regional distributors and fish processing companies throughout Russia. The chilled and frozen fish and seafood business sources fish from domestic suppliers, as well as foreign suppliers from 18 countries, including, among others, Norway, the UK, the USA, Chile, Iceland, Vietnam and China. Its major international suppliers include Marine Harvest, Shetland Catch and Norway Pelagic. The Company supplies fish and seafood to over 85% of the regions of the Russian Federation.

The Group also operates a fish farming business (Russian Sea Aquaculture) which commenced operations in 2007 following the Group's purchase of a trout farm at Lake Segozero in Karelia, Russia, the entire output of which is currently sold to Russian Fish Company for further distribution.

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