January 11, 2012 [Shtandart TT] - Summa Group and VTTI B.V., respectively the 75 percent and 25 percent shareholders of Shtandart TT B.V., today announced the appointment of Mr. Frank Schaper as CEO of the Management Board of Shtandart TT B.V.
Prior to this appointment Frank Schaper was General Manager at EuroTank Amsterdam B.V., VTTI’s terminal location in Amsterdam. Mr. Guillaume de La Ville has been appointed as CFO of the Management Board. Guillame de La Ville presently holds the position of CFO at Souz Petrolium in Geneva, Switzerland.
Shtandart TT B.V. will build and operate approximately 3 million cubic meters of storage facilities allocated for Urals crude oil and oil products in the Port of Rotterdam. After the initial permitting and design process, the construction work for the new terminal is expected to commence in 2013 resulting in an operational start-up in 2015.
The office of Shtandart TT B.V. will be based in Rotterdam (K.P. van der Mandelelaan 60).
For further information on Shtandart, please visit www.shtandart-tt.com.
