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. Last Updated: 07/27/2016

New Director for Severnaya Verf

The board of Severnaya Verf, the country's largest shipyard, has appointed Alexander Buzakov as the company's new general director.

Buzakov replaces Valery Venkov, Obyedinennaya Promyshlennaya Korporatsiya, or OPK, said in a statement Tuesday. Venkov resigned of his own accord, said OPK, which holds 53 percent of the shipyard.

Buzakov joins Severnaya Verf after working at Admiralteiskiye Verfi, a shipyard in St. Petersburg, for nearly 20 years. There he worked as chief engineer and deputy head of the quality control department.

Severnaya Verf has an order book of $2 billion. OPK, a division of Mezhprombank, consolidated a controlling stake in Severnaya in September.