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Russia’s largest container terminal operator, Global Ports Investments (GPI), has promoted chief financial officer Mikhail Loganov (pictured above) as its new chief executive.

Mr Loganov was named CFO in October 2013 after serving on the board since December 2008. As CEO he replaces Vladislav Baumgertner, who has accepted a role outside the port industry.

Mr Loganov has spent most of his career in the transport and logistics industries in Russia.

Nikita Mishin, vice chairman of GPI, said: “Global Ports is fortunate to have a real depth of experience within the group and is delighted to appoint Mikhail to the role of chief executive. His detailed knowledge of Global Ports after almost a decade with the company will ensure the business focus remains on delivering a high-quality service to customers while maintaining an efficient business model and creating value for our shareholders.

“On behalf of the board, we understand the reasons for Vladislav’s resignation and wish him well in his future endeavours in business,” he added.

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