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Gary McDonald Editor-in-Chief

August 03, 2022 03:00

The owner of the BELFAST shipyard, Harland & Wolff, has appointed a Russian-born, Harvard-educated investment banker to its board.

Katya Zotova, who has 25 years of experience in strategy and business development, investment banking and private equity, joins the board as a non-executive director from September 1.

And the company’s chief executive said that as H&W transitions from a small business to a large enterprise, Katya will help with the transition, where her guidance and experience in corporate governance will be invaluable.

Between 2014 and 2020, Katya served as a non-executive director of Vedanta Resources plc, a globally diversified natural resources company with revenues of over $10 billion. She currently acts as an advisor at Antler, a global early-stage venture capital fund.

Until recently, she was Managing Director of Mizuho International PLC, a major financial services company, and she previously held positions of Director at LetterOne Energy LLP, Director at Pamplona Capital LLP, Head of International Acquisitions and Divestitures at Citigroup plc and various strategies and mergers and acquisitions. roles at oil giant Shell.

Katya holds an MBA from Rotterdam School of Management and completed an executive program in Disruptive Innovation from Harvard Business School.

In addition to being named a non-executive director of Harland & Wolff, Katya will chair the audit committee.

Group Chief Executive John Wood said: “Katya brings with her a wealth of knowledge across a number of functions – large listed companies, private equity and banking. His guidance in leading us to great business will be invaluable, and I warmly welcome him to the board. »

The Harland & Wolff yard in Belfast is one of the largest heavy engineering facilities in Europe, with deep water access, two of the largest dry docks in Europe, an extensive quay and extensive fabrication halls.

Through the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalize on opportunities at both ends of the ship repair and shipbuilding markets, where demand will be significant.

In February last year, the company acquired the assets of two Scottish yards located along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on manufacturing work in the renewable energy, power and defense sectors.

The company has won a number of high-profile contracts in recent months for workloads across all of its sites, with Belfast selected to build 11 huge barges as part of an £8.5m deal with waste management and recycling company Cory Group.