Yugcement re-elects Supervisory Board chairman Zelano

In an extraordinary meeting on 16 July the shareholders of Yugcement (formerly Olshansky cement plant, Mykolaiv region – part of the Dyckerhoff Group) re-elected Paola Zelano to chair its supervisory board for three years, the company said in the press release.

Zelano has occupied the post since February 2014. In addition, the shareholders replaced deputy board member Serhii Dzuzyanyi with Karl Heinz Paul Richard Kasch, and re-elected supervisory board member Plack Heiko Otto.

As Ukrainian News earlier reported, Yugcement noted a loss of UAH236.91m (US$1.07m) for 2014, having increased its net revenue by 4.4 per cent or UAH 25.197m YoY to UAH 597.332m under international reporting standards.