July 8, 2013. As Sinara-Transport Machines has large-scale plans to implement a number of transport machine-building projects and the market situation is quite favorable for the holding’s development, two new companies were added to it on July 1, 2013: OOO STM Management Company (OO UC STM) and OOO STM Trading House (OOO TD STM). The companies were set up by Sinara Group and Sinara-Transport Machines, STM press service reports.

Sinara-Transport Machines BOD appointed Evgeniy Gritsenko the holding’s Director-General. Gritsenko used to be First Deputy DG and Sinara Group Executive Director. The holding will have to shape the corporate structure and governance, work on strategic development, liaise with shareholders and investors, launch new business segments, deal with M&A.

OOO STM Management Company is now run by Yuri Tokarev, former STM Director for Finance & Economics. OOO STM Management Company will have to mange to STM’s production assets, implement investment programs aimed at launching new technologies, and control the end product costs.

The new Director-General of TD STM is Oleg Yemelyanov, former STM DG. The company will deal in the purchase of components for all of STM production enterprises and selling the products of its locomotive-building and diesel engine-building divisions.